0
How much of your monthly income should you budget for an apartment?
Wiki User
∙ 11y ago
You will have to include utilities and rent when budgeting for an apartment as well as a possible maintenance fee. This includes water, gas, trash, electricity and, if applicable, cable or internet. The old rule of thumb was 25 percent. As salaries have stagnated and rents have risen, the new standard is closer to 50.
Wiki User
∙ 11y ago
Anonymous
1500$
Add your answer:
Earn +20 pts
What is the best way to keep to a budget?
You should make sure that all of your planned monthly expenses do not exceed your monthly income.
What percentage of my monthly income should I be spending on my home rental?
The general rule is you should spend no more than half of your income on rent. The better you are doing financially, the smaller percentage of income goes towards your house/apartment.
Connie thought she should only spend 12 percent of her budget on personal care if she earns a monthly income of 800 how much will she budget for personal care?
96.00 or 96
The sinclairs have been advised to allow 7.5 percent of their budget for federal taxes how much should they set aside per month if their monthly income is 2519?
188.93
What is the maximum you should spend on housing if your gross income is 1 800 per month?
The maximum you should spend on housing is 30% of your monthly income. If your gross monthly income is $1800, you should spend no more than $540 per month.
What is the average monthly bill for an apartment?
$900 is my average monthly bill for my apartment. Answer: If your apartment on top floor or better ventilation then you should go with solar energy products It will be very helpful to reduce you electricity cost and save your money. You can reduce your electricity bill up 9%.
What percentage of monthly income should go on household expenses?
Rent shouldn't be than one quarter of your income.
What should you do if your child support fee is over your monthly income?
Get another job.
Should the damage deposit for a vacated apartment be included in Gross Income for tax purposes?
It is not included.
How do you prepare a budget?
First figure out you total monthly net income. This is what you bring home every paycheck. Then list all of your fixed expenses Ex mortgage, water, car payment, and so on. Also, list the amount you plan on saving 10-15%. Subtract you expenses and savings from you net income. This is your "free" money. If you use a 0 based budget this should be 0.
What is a good budget?
A budget should be called a good one when it effectively strikes a balance between projected income and possible expenditure.
How much home can you afford?
The amount of home you can afford is based on your monthly or annual income. For example if you have a down payment of $10000.00 and a gross monthly income of $4000.00, your maximum home price should be $40000.00.
