September 8, 2023
Welcome back to the Back to School for Money series. Today, we will talk about one of the largest expenses for most people, housing.
If you are trying to decide how much rent or mortgage payment you can afford, the general rule of thumb is to spend no more than 30% of your net income on housing (rent/mortgage). So, if you are bringing home $4,000/month, your rent or mortgage should not exceed $1,200/month.
