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Nairaland Forum / Nairaland / General / Properties / How Much Of Your Salary Should Be Used To Pay Your Rent? (27430 Views)
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Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Rubbiish(m): 10:25pm On Jan 28, 2022 |
aikyg:This is not true! Family men who are civil servants in this country are even earning less than 100k, do u expect them to stay in a self contain with their family? This your one month salary for house rent won't work for the low income & average earners! Which are the majority. |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Rinoxy: 11:24pm On Jan 28, 2022 |
FuckDModz:That's just ur opinion. |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Foscons(m): 11:30pm On Jan 28, 2022 |
Hmm, this is it. It's a rent to own aikyg: |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by yusufdayo1: 12:18am On Jan 29, 2022 |
mattmogan88:Thank God for the gift of life. The logic is don't live above your means... All these happened from early 2018 to late 2020. I was working in a school then and I was receiving 10k but got sacked at the end of the month (we were 3 then that got sacked) on the basis of downsizing before I got the work of 13k/month. I stayed in Agbowo (Ibadan) & my place of work was about 10mins trek. I do buy all my stuff from bodija market. I buy my food stuffs in bulk and I don't normally eat outside. I don't patronize boutique and above all I don't have a girlfriend then 1 Like |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Today007: 3:32am On Jan 29, 2022 |
I do 0.03% of my annual income. This lifestyle made me financially stable over the years. When I was a single lady with a month earnings of 130k I lived in a 3k room. From there i built my 1st house. Its a matter of choice. 1 Like 1 Share |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by aikyg(m): 7:23am On Jan 29, 2022 |
Today007:My sister, God blessed you with wisdom. Thanks for sharing. |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Itsrm(m): 7:28am On Jan 29, 2022 |
Today007: That's 2.3% not 0.03. 0.03 is unrealistic |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by aikyg(m): 7:30am On Jan 29, 2022 |
siyeke2023: You need to start looking for a cheaper accommodation, a better paying job or a side hustle. Good luck with your search. |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Rinoxy: 8:57am On Jan 29, 2022 |
htdot:Still, this is just ur opinion, or better still your own reality. |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Rinoxy: 9:16am On Jan 29, 2022 |
Earning about 130k now and paying 150k for rent, thinking of changing accommodation to 120k/130k rent. |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Nobody: 10:26am On Jan 29, 2022 |
DEBUU: How's this possible ? |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Nobody: 10:27am On Jan 29, 2022 |
Rinoxy: Where's your location ? |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Rinoxy: 11:00am On Jan 29, 2022 |
chukwuma0000:Kaduna. |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by chukzyfcbb: 12:46pm On Jan 29, 2022 |
aikyg: Stop trying to be clever by half. It's rent they are talking about not mortgage |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by hofeshhomes: 7:40pm On Jan 31, 2022 |
whodeyhere: Thank you. We have a video on Instagram and Facebook @hofeshhomes |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Misternas89(m): 10:06am On Feb 01, 2022 |
BigDawsNet:Baba show love reach my side oo. Happy new month BTW |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by BigDawsNet: 10:24am On Feb 01, 2022 |
Misternas89: I love you broda I love everyone here |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Misternas89(m): 1:13pm On Feb 01, 2022 |
BigDawsNet:Chaiii see curving from my Oga. 1 Like |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by hofeshhomes: 2:44pm On Feb 02, 2022 |
Itsrm: |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Cloven22: 11:16am On Feb 03, 2022 |
Rubbiish: You are right jere. So many people already have whats taking their salary by the end of the month. Some people even have to borrow to pay their rent...its' not easy at all 1 Like |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by hofeshhomes: 8:55am On Feb 04, 2022 |
Today007: 3k, like 3000 Naira per annum? 1 Like |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by DEBUU: 9:28am On Feb 07, 2022 |
chukwuma0000:Very much possible, I have a friend that is paying such amount now |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by drmuchin: 11:38am On Feb 07, 2022 |
People are just here running mouth like kids. Have u considered other factors like transportation, security, access to good school for your children, banks etc. 1 Like |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by wealthtrak: 6:21pm On Mar 10, 2022 |
KelvinCoaster: |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Rinoxy: 10:37pm On Mar 10, 2022 |
KelvinCoaster:I think your formula is really on the high side. 33% is much. |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by KelvinCoaster(m): 11:16am On Mar 11, 2022 |
Rinoxy:That is the bench mark on personal loan monthly repayment plan for salary earners. It is standardized to guarantee that a workers take home pay must at all times not exceed a loan servicing regime of more than 33.33333% monthly. |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Rinoxy: 7:03pm On Mar 11, 2022 |
KelvinCoaster:Now I agree since it's a benchmark that borders the limit of loan servicing for salary earners. 1 Like 1 Share |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by hofeshhomes: 8:07pm On Apr 25, 2022 |
Calibrator: Thank you. We are glad you got value. |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by hofeshhomes: 10:25pm On Jun 01, 2022 |
Thank you all. |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by cori908: 4:21pm On Dec 04, 2023 |
Personally, I pay 25%. I think deciding how much of your salary to allocate for rent is a common dilemma. General advice, like the kind found in get flex reviews , suggests spending no more than 30% of your monthly income on rent. This allows for a balanced budget, ensuring you can comfortably cover other expenses. It's all about finding a balance that works for your financial situation and lifestyle needs. |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Rinoxy: 11:48pm On Dec 04, 2023 |
KelvinCoaster: |
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