Current Events > If i make 3k a month is paying $1700 for rent to much?

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apocalyptic_4
07/03/21 3:38:21 PM
#1:


That doesn't include hydro which adds another cost plus Bill's which I'm looking at $2200 and up.

I'm looking to move out of my parents house and im 31. Or should I stay home and continue to save? I have no debt with a few years of savings and a stable job currently paying $1500 in rent.

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DaveTheUseless
07/03/21 3:39:38 PM
#2:


Rent is supposed to be approx 1/3 of your salary according to random social conventions, iirc

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tripleh213
07/03/21 3:40:52 PM
#3:


Yes way too much

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darkprince45
07/03/21 3:41:06 PM
#4:


The internet will tell you its supposed to be an exact percentage of your monthly income as long as you only eat ramen every meal. As well as only take public transportation and wear cardboard for clothes.

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masticatingman
07/03/21 3:44:29 PM
#5:


Yeah, absolutely. Youre just asking for an emergency event to happen. And guess what, those happen a couple times a year minimum.

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thronedfire2
07/03/21 3:45:03 PM
#6:


places probably won't even rent to you if you don't make at least 3x the rent

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littlebro07
07/03/21 3:45:21 PM
#7:


50/30/20

50% of your income goes to rent/mortgage/utilities/internet etc. basically all the necessities

30% on random shit

20% on savings/investments

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Cleo_II
07/03/21 3:46:18 PM
#8:


You pay your parents $1,500 in rent?
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apocalyptic_4
07/03/21 3:48:19 PM
#9:


Well I work 2 jobs and make around $4200 a month but I plan on quitting my 2nd job right after I move cause I've been doing it for almost 5 years for saving purposes and buying property which I'm not anymore.

I know about the 1 third going to rent rule but the cost of living here is astronomically high already. Holmes here go for 800k to over 1.5 million with condos starting at 500k

Cant afford that

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apocalyptic_4
07/03/21 3:49:43 PM
#10:


Cleo_II posted...
You pay your parents $1,500 in rent?

Yea they kinda depend on me to much which is why I want to leave.

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tripleh213
07/03/21 3:53:22 PM
#11:


So I guess you cant leave then

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#12
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bsp77
07/03/21 3:56:25 PM
#13:


I can't imagine that. You wouldn't have any money for pretty much anything

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