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| Topic | How much of your paycheck (biweekly) should your rent cost? |
| ShatteredElysium 01/29/20 10:33:19 AM #20: | Moonroof posted... Moonroof posted... Noted. However...If there is a word that has every two weeks (biweekly) in its definition and another word that only has twice a week (semiweekly) in its definition, that is all you need to know which word to use. Fortnight (i.e. Fourteen nights) On topic, my mortgage is 27% of my monthly paycheck but that doesn't account for my missus's wage or that I rent a room out to a friend. I'd say I'm very fortunate though and not the norm. Ideally you want to be around 33% or under but that figure was derived quite a long time ago I believe. I think with increasing cost of living not scaling with increase in wages, probably 40% or under is fine. 45% at a stretch. I'd imagine quite a few people are above that threshold though ... Copied to Clipboard! |
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