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A common rule is that housing expenses should not be more than 28% of your monthly income. Your monthly income is $3,200. How much can you spend on housing?

A common rule is that housing expenses should not be more than 28% of your monthly income. Your monthly income is $3,200. How much can you spend on housing?
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A common rule is that housing expenses should not be more than 28% of your monthly income. Your monthly income is $3,200. How much can you spend on housing?

User Jantimon
by
7.5k points

1 Answer

3 votes
less than $896
you simply have to multiply 3200 by 28%
User Yoursweater
by
8.1k points
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