So what % of net pay should go towards auto and rent?

[BrunoPuntzJones]

Seem to be the biggest costs. Just curious for those who are renting, what % of their pay goes to auto payment and how much to rent.

 

[minendo]

Car is paid off. Currently 17.66% goes into rent.

 

[Svnla]

New SUV was paid with cash so no monthy payments, about 15% for rent. I know I have a good deal from the rent, that's why I am no hurry to buy a house. I will buy a nice house within the next 3 years.

Edit: I don't have any roommates and it is a house, not an apartment.

 

[godmare]

I read once 25% for each car and rent, and the rest saved.
I don't spend close to my rent on my car, so say it balances to 50% max total.

 

[homestarmy]

Yeah my job sucks. With no overtime, about 60% goes towards mortgage...

...which is only $778.

 

[Ameesh]

Originally posted by: homestarmy
Yeah my job sucks. With no overtime, about 60% goes towards mortgage...

...which is only $778.

with a BA in cinema studies from university of central florida were you expecting much more?

 

[sniperruff]

Originally posted by: Ameesh

Originally posted by: homestarmy
Yeah my job sucks. With no overtime, about 60% goes towards mortgage...

...which is only $778.

with a BA in cinema studies from university of central florida were you expecting much more?

yeah it was funny how convient his degree is spelled out in his sig...

but 60% = $778, meaning the salary is $1296... a month?

and it is also net pay... so before taxes it should be around $2000 a month?

that sounds about right... i guess as long as you love what you're doing...

 

[NickelTitanium]

are you paying out of your ass for this rent?

 

[Ameesh]

Originally posted by: sniperruff

Originally posted by: Ameesh

Originally posted by: homestarmy
Yeah my job sucks. With no overtime, about 60% goes towards mortgage...

...which is only $778.

with a BA in cinema studies from university of central florida were you expecting much more?

yeah it was funny how convient his degree is spelled out in his sig...

but 60% = $778, meaning the salary is $1296... a month?

and it is also net pay... so before taxes it should be around $2000 a month?

that sounds about right... i guess as long as you love what you're doing...

haha obviously he doesnt, DONG!

 

[Yossarian]

18% of my gross salary goes to rent, car is paid off.

 

[johnjbruin]

15% in car, 25% rent, 25% savings - live life with whats left.

edit: my numbers were messed up - so changed them to before tax income.

 

[ultimatebob]

I spend about 25% of my income on rent, and about 15% of my income on my car.

 

[trmiv]

When I had a job, 35% of my gross went to car and rent (25% to rent alone). Now living off unemployment it's about 80% to car and rent. If I don't find a job soon it will be 0% of nothing to car and rent while I find a cardboard box to live in.

 

[Amused]

Ideally, your debts (including house and car payment or rent) should not exceed 35% of your net income.

 

[homestarmy]

Originally posted by: Ameesh

Originally posted by: sniperruff

Originally posted by: Ameesh

Originally posted by: homestarmy
Yeah my job sucks. With no overtime, about 60% goes towards mortgage...

...which is only $778.

with a BA in cinema studies from university of central florida were you expecting much more?

yeah it was funny how convient his degree is spelled out in his sig...

but 60% = $778, meaning the salary is $1296... a month?

and it is also net pay... so before taxes it should be around $2000 a month?

that sounds about right... i guess as long as you love what you're doing...

haha obviously he doesnt, DONG!

Yeah, DONG! I'm 22 and have owned my own house for a year, not too bad. My job is still my college job basically. I am starting a new one with a little better pay on the 9th, and might not even do that because an even better much better paying one is knocking at my door, working at a talent agency.

And currently with no OT, I'm only taking home $1200 if I'm lucky. But I own my own car and am not an idiot when it comes to money.

 

I spend about 20% per month each on my car and rent.

 

[KK]

About 16% of gross pay for house and car payment.

KK

 

[dionx]

here is my breakdown in terms of gross

car - 13.24%
savings - 27.89%
credit cards (includes all bills) - 11.03%
stocks - 7.35%
bonds - 1.84%
401K - 6%
charity/donations - 10.5%

 

[Yzzim]

Originally posted by: dionx
here is my breakdown in terms of gross

car - 13.24%
savings - 27.89%
credit cards (includes all bills) - 11.03%
stocks - 7.35%
bonds - 1.84%
401K - 6%
charity/donations - 10.5%

What about rent? Or is that included in the credit cards?

 

[dionx]

Originally posted by: Yzzim

Originally posted by: dionx
here is my breakdown in terms of gross

car - 13.24%
savings - 27.89%
credit cards (includes all bills) - 11.03%
stocks - 7.35%
bonds - 1.84%
401K - 6%
charity/donations - 10.5%

What about rent? Or is that included in the credit cards?

don't pay, total ownership