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TopicHow much of your paycheck (biweekly) should your rent cost?
Reg
01/29/20 11:09:36 AM
#26:


SeabassDebeste posted...
there's a matter of security cushion though. by that logic if you make $20k/month then you'd be fine with rent of $15k/month. but if you lose your job in that case then you're utterly fucked
I would also argue that the amount you spend on housing is probably generally indicative of how much you're spending elsewhere. It's uncommon (though not unheard of) for somebody to spend excessively on housing and frugally on everything else. So if you're spending 60% of your income on rent and "still have $4000 left to do whatever with", that implies to me a lifestyle that does not carry that $4000 quite as far as it would go for an average person.
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