214k views
2 votes
If you have a net spendable income of $1,450 per month, what is the maximum amount of money you should spend on housing each month?

2 Answers

7 votes

The maximum amount of money that should be spent on housing each month is $522.

User Prachi G
by
8.8k points
2 votes
No more than 1/3 of your total net income should be spent on housing.  So that other factors of life can be taken into account and afforded.
User Amogh Talpallikar
by
8.2k points
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