Paying too much in rent could leave you struggling to pay your other bills or unable to save for the future.
Here’s how financial planners say you can make sure your rent is in line with your income and goals.
Experts we spoke to recommend keeping rent costs below 25% to 30% of your monthly income.
Another factor to consider is whether spending a little more on rent could help you save on other costs.
When it makes sense to spend lessIt can make sense to spend less than 30% of your net income on rent if you have other large expenses.
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