Spending 30% of your income on rent might be unattainable. What should you do?
When it comes to housing, financial advisors have suggested that people stick to the 30 per cent rule for decades. Basically, it says you shouldn’t spend more than 30 per cent of your pre-tax yearly income on it. But during this time of soaring costs, is this guideline still realistic?
When it comes to housing, financial advisors have suggested that people stick to the 30 per cent rule for decades. Basically, it says you shouldn’t spend more than 30 per cent of your pre-tax yearly income on it. But during this time of soaring costs, is this guideline still realistic?
