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Nairaland Forum / Nairaland / General / Career / How Many Months Salary Is Advisable To Use For House Rent? (22366 Views)
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Re: How Many Months Salary Is Advisable To Use For House Rent? by Victoronah1: 1:08pm On Dec 07, 2023 |
6ixVille:where is this? |
Re: How Many Months Salary Is Advisable To Use For House Rent? by dannykares: 1:09pm On Dec 07, 2023 |
According to labour law least anyone can rent an apartment must be 3 month's rent anyhing above that is on yr own risk |
Re: How Many Months Salary Is Advisable To Use For House Rent? by RichardRexs(m): 1:09pm On Dec 07, 2023 |
I'm earning about 70k monthly. I intend using 150-200k for an apartment. Is it ok? Currently new in Abuja |
Re: How Many Months Salary Is Advisable To Use For House Rent? by Gerrard59(m): 1:09pm On Dec 07, 2023 |
stacyadams: Your friend is an irresponsible man. Stay far away from irresponsible people. It can be contagious. 2 Likes |
Re: How Many Months Salary Is Advisable To Use For House Rent? by sammirano: 1:13pm On Dec 07, 2023 |
The rule of thumb is below 30% of your annual salary. |
Re: How Many Months Salary Is Advisable To Use For House Rent? by SPAMBOX7: 1:19pm On Dec 07, 2023 |
6ixVille:Lol. Make use of your wisdom bro. Abort that idea asap. Which kind sense be this |
Re: How Many Months Salary Is Advisable To Use For House Rent? by OgogoroFreak(m): 1:22pm On Dec 07, 2023 |
6ixVille:You should be able to earn your house rent in one week. |
Re: How Many Months Salary Is Advisable To Use For House Rent? by OgogoroFreak(m): 1:27pm On Dec 07, 2023 |
6ixVille:remember you'll also pay light bill, lawma bill, security bill etc. Plan wisely. 1 Like |
Re: How Many Months Salary Is Advisable To Use For House Rent? by kkash: 1:33pm On Dec 07, 2023 |
6ixVille:Dat networking tale is a marketing strategy, d calibre of ppl dat are legit dat u are referring to are hardly around. Business meetings, board of directors meeting, social club meetings, it's only der family dat are usually in d house.....if dats d only reason u have to spend dat amount of money.....reconsider 3 Likes |
Re: How Many Months Salary Is Advisable To Use For House Rent? by muyico(m): 1:34pm On Dec 07, 2023 |
my house rent is 5k monthly
my weekly over time is 5k 1 Like |
Re: How Many Months Salary Is Advisable To Use For House Rent? by talkwithfobi: 1:37pm On Dec 07, 2023 |
Your rent shouldn’t be more than 25% of your income. There are others expenses such as clothing, utilities, foods and transportation all there should also be cut to minimum, for you to have viable saving. |
Re: How Many Months Salary Is Advisable To Use For House Rent? by Cregon: 1:40pm On Dec 07, 2023 |
BE WISE A PORTION OF YOUR ONE MONTH SALARY IS ENOUGH! Anything above that, you are living above the reality of your current financial level. |
Re: How Many Months Salary Is Advisable To Use For House Rent? by CondemnBattery(f): 1:42pm On Dec 07, 2023 |
If you spend 2k daily for tfare, that's 44,000, assuming you only go to work 22 times a month. And 44,000 multiply by 12months will cost you 528,000 per year. Meaning you spent more on tfare than on your sanity. Makes no economical sense. I used to think this way, but I learnt that "life no too hard" Oyindamolah: |
Re: How Many Months Salary Is Advisable To Use For House Rent? by CondemnBattery(f): 1:50pm On Dec 07, 2023 |
I guess you live in the creeks. A portion of your one month salary my foot. In this Nigeria that majority earn 200k below. Be capping rubbish. Cregon: 1 Like |
Re: How Many Months Salary Is Advisable To Use For House Rent? by YoungBlackRico(m): 1:51pm On Dec 07, 2023 |
How many times una want make dem talk this thing? At most 2 months |
Re: How Many Months Salary Is Advisable To Use For House Rent? by merits(m): 1:51pm On Dec 07, 2023 |
6ixVille: 48 months is okay. |
Re: How Many Months Salary Is Advisable To Use For House Rent? by Pedrocross4568(m): 1:53pm On Dec 07, 2023 |
Oyindamolah: Option B is why better that option A and you get to enjoy your life in the process by not spending half of time in traffic going and coming from Awoyaya area. You can even have a enough time to do side runs when you work very close to your office. Many people don't know this while going for cheaper locations and in the end spends way more. |
Re: How Many Months Salary Is Advisable To Use For House Rent? by Hezzyluv: 1:58pm On Dec 07, 2023 |
EngrKemp: 15% PA 1 Like |
Re: How Many Months Salary Is Advisable To Use For House Rent? by Adlac(m): 2:01pm On Dec 07, 2023 |
Oyindamolah: With this Analysis the two location rank same in relation to transport & House rent. Choose a less stressful and beautiful environment. Irrespective of the one you chose you will be paying same. Shun those saying 1month or 2Months salary except na village you want live! Modified; If you earn a reason six figure income 1-2Months Salary will do. But with the above illustration ko le work! 2 Likes |
Re: How Many Months Salary Is Advisable To Use For House Rent? by Agbolahan94: 2:02pm On Dec 07, 2023 |
Half month or 1month at worst because others bill can take your life if there is nothing for it to take. Apparently, food takes 1/3 of the salary |
Re: How Many Months Salary Is Advisable To Use For House Rent? by Adlac(m): 2:06pm On Dec 07, 2023 |
talkwithfobi: When you talk about Income you have to be specific. Is it Annual income, Monthly or Daily hustle(Side Hustle) Income? If it tends to be an annual income 0.25% is way too high! |
Re: How Many Months Salary Is Advisable To Use For House Rent? by LARRYOBRAIN(m): 2:07pm On Dec 07, 2023 |
Max 2 months |
Re: How Many Months Salary Is Advisable To Use For House Rent? by OkoAnike(m): 2:27pm On Dec 07, 2023 |
6ixVille: Ur job doesn't require a decent apartment, hence you don't need to spend the entire month salary for a rent. What should look decent to you should be what your one month salary can take care. Don't live the life of another person. Grow your life, don't spend it before you receive it. Let live according to our status of income, else you will work for many years and remain in the same point... My penny. 2 Likes |
Re: How Many Months Salary Is Advisable To Use For House Rent? by Connected1: 2:57pm On Dec 07, 2023 |
OkoAnike:Very valid Sir. 1 Like |
Re: How Many Months Salary Is Advisable To Use For House Rent? by OCHKESTINE(m): 3:03pm On Dec 07, 2023 |
My former boss advised me to get up to 4 months salary apartment for my family. To be honest, it's the best decision. Whenever I go to my former area to visit, I see how far I have come and understand that raising my kids their would've messed their psych. But if u are just starting out, 2 months salary is okay, because u need to have rest of mind when u get home and relax well. |
Re: How Many Months Salary Is Advisable To Use For House Rent? by folake4u(f): 3:12pm On Dec 07, 2023 |
Your rent should not be more than 2-3 months worth of salary. |
Re: How Many Months Salary Is Advisable To Use For House Rent? by OvertheTop(m): 3:14pm On Dec 07, 2023 |
Oyindamolah: The 2nd one looks Better Economically. But if the Job is Lost, that Rent can Cause a Heart Attack. Take the 2nd one BUUUT create SIDE Hustle with the Time and Money you save. because you will get Home earlier, and Save more Transport Daily! and HOLD YOU JOB TIGHT!!! 1 Like |
Re: How Many Months Salary Is Advisable To Use For House Rent? by OvertheTop(m): 3:17pm On Dec 07, 2023 |
emmanuelewumi:That's too much o (25% means 3 months' salary) max should be 2 months salary or Less |
Re: How Many Months Salary Is Advisable To Use For House Rent? by Neddyogu(m): 3:22pm On Dec 07, 2023 |
If u can't save up ur rent in two months, u're in the wrong apartment.....or wrong job! 2 Likes |
Re: How Many Months Salary Is Advisable To Use For House Rent? by OvertheTop(m): 3:23pm On Dec 07, 2023 |
post=127361054: ahhhhh!, what if you lose the Job? Na heart Attack be that o. Please Strategize: i.e change the Job (get higher pay job) or Change the House (get lower rent House) |
Re: How Many Months Salary Is Advisable To Use For House Rent? by OvertheTop(m): 3:28pm On Dec 07, 2023 |
zedegit: guy change the Job or get the House in that Range (Face me Face u of Max 50k/Annum) this is Reality bro 2 Likes |
Re: How Many Months Salary Is Advisable To Use For House Rent? by OvertheTop(m): 3:37pm On Dec 07, 2023 |
Paramount01: 150k or Less bro. that's the Sad reality. or Change your Income to be Higher 1 Like |
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