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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.
In general, no. Child support is, generally, a percentage of one's income after taxes and insurance. The percentage is a function of the number of children to be supported.
It is usually calculated on a percentage basis. A total of all your monthly obligations and your income and available assets.
Rent shouldn't be than one quarter of your income.
Debt to income ratio
No, Lindsey did not spend 8 of her monthly income on personal items. To calculate the percentage of her income spent, divide the amount spent ($125) by her monthly income ($1700) and multiply by 100. In this case, 125 divided by 1700 equals approximately 0.0735, or 7.35% of her monthly income.
what is your monthly income
Your debt-to-income ratio compares the amount of your debt (excluding your mortgage or rent payment) to your income. To figure this out it is easiest to use monthly figures. Take you monthly bill amount and divide it by your monthly take home pay this will give you a decimal number which is your percentage of debt to income.
Monthly
Monthly Income!
Yes, a retirement income calculator can estimate your monthly income. If you would like to estimate your monthly income from your yearly income, you need to divide that figure by twelve.
this is your FULL monthly income before tax withdrawal.