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how much of your salary should go on rent?
Former Member
Posts: 1,876,323 The Mix Honorary Guru
Just interested in the above question. Still living at home at the moment but looking at moving out in the near future. Been a while since I've had to worry about rent and bills so just wondered.
How much of your monthly salary goes on rent\bills?
How much of your monthly salary goes on rent\bills?
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The 24% means I have a bit left over (after living expenses, which for me are small) each month to put in the bank and save
It's reasonably likely that some of the people who've said 20% pay similar rent to RG on 55%, it's just how you make the rest of life balance that's different.
Beware of bills though. Of my immediate living costs, only 75% is the actual rent figure, bills and council tax are another 1/3 on top of that.
It does, but there's always been a theory/idea that you spend a third of your salary on rent, a third on living/bills and a third on saving. Obviously, if you over stretch with the rent it's gonna mess it up regardless so it isn't a perfect theory tbh.
just seems a strange question. We're still living in the same house as 2 years ago and our income is double now as it was then. Are people supposed to move house every time they get a new job?
No....?
I guess you move once you've outgrown it. We've lived in the same house for 6/7 years. It's a 2 bed we got together before we got married, and we're desperate for space, but nobody is buying.
Bills is a different thing council tax is about £80 a month, mobile £30, BT (landline+broadband) £30, car stuff...variable! if you dont count running costs you theres road tax, insurance, parking permits gonna fuck work off on theirs cos its £300 per year which is just ridic., gas and leccy - tis scary! I manage to save some money every month too which I think is quite important.
I reckon you should look around at the kind of places youd like to live, get an idea of the rent and try to save that much every month until you do move out - that way you'll have your deposit and probably a bit extra for new home stuff.