How Much to Spend on Rent: 3 Strategies
Credit Corp
NOVEMBER 27, 2023
50/30/20 Rule The 50/30/20 rule is a technique that divides your after-tax income into three categories—50% toward needs, 30% toward wants and 20% toward savings. This method isn’t as straightforward since rent is a part of the broader “need” category. With this rule, rent is a part of the “monthly spending” category.
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