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Nairaland Forum / Nairaland / General / Properties / How Much Of Your Salary Should Be Used To Pay Your Rent? (27473 Views)
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Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by lokobyforch(m): 3:14pm On Jan 28, 2022 |
Newboss: U have 30 days in a month, my broda na 650 per day be dat oooo, e no go even reach take chop one better meal. For the 8k Soap(soda)- N200(2) for 30 days= N400 Cream(aboki)- N600 for 30days= N600 Subscription- N1000 for 30days= N1000 Body spray- N1000 for 30days= N1000 Babe- N2000 for olosho for 30days= N2000 Total= 5,000 You can now pay rent with 3k....make una dey fear God abeg. |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by ajl: 3:21pm On Jan 28, 2022 |
In a normal society, it should not be more than 30% of your income. That's the standard in USA and Canada. |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Rubbiish(m): 3:27pm On Jan 28, 2022 |
Lange:I don't agree with u Many civil servants with family living in flat are earning around 100k. This one month salary to cover rent is only applicable to those with good pay, not the average earners which are majority. |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Newboss(m): 3:33pm On Jan 28, 2022 |
lokobyforch: You try small. First comot that babe own. She go chop wetin you dey chop. Also, 3k to 4k per week for food is enough. Another 5k don come out. Planning is everything. Na so some of us take pass that level |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Munzy14(m): 3:59pm On Jan 28, 2022 |
Ademola47:This purely a financial advise..But, in this case they family's net income could be way above the police man income individual...Maybe when you add that of his wife, his side hustles and family businesses...All together can take care of the rent as 30% of net income is concerned. |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by CaptainFM1: 4:05pm On Jan 28, 2022 |
Itsrm: You sure should be thinking of building your own house then. |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Yankee101: 4:07pm On Jan 28, 2022 |
30% max |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Itsrm(m): 4:23pm On Jan 28, 2022 |
CaptainFM1: Not a good financial decision. |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by ekukeku(m): 4:38pm On Jan 28, 2022 |
I'm still surprised people earning 40k per month still dey save money o Pls someone should help dis boy o B4 20 to 23 nigga don broke o |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Michcole: 4:48pm On Jan 28, 2022 |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by yusufdayo1: 4:53pm On Jan 28, 2022 |
mattmogan88: I managed 13k as salary that is not even steady and I didn't default my landlord... although I paid 24k as my rent sha o then 1 Like |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Michcole: 5:03pm On Jan 28, 2022 |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Exceed15: 5:16pm On Jan 28, 2022 |
3 months. Anything beyond that I m on my own. |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Naughtysex: 5:24pm On Jan 28, 2022 |
CodedWealth:My yearly rent is not even up to 15% of my annual income Person must apply brain, i have other bills to pay |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Uniique(m): 6:06pm On Jan 28, 2022 |
My one month salary pays my rent. Wetin i dey find two bedroom flat for when i still be bachelor. Self- container is OK for me |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Hifeylove: 6:13pm On Jan 28, 2022 |
lokobyforch: What about the urgent 2k and village people?!! 1 Like |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by mattmogan88: 6:26pm On Jan 28, 2022 |
yusufdayo1: You deserve an accolade |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Nobody: 6:30pm On Jan 28, 2022 |
I just graduated waiting for Nysc, I am just sitting scrolling this thread up and down to learn from experience nigas here. I based in Anambra (living with my prople) I just need to leave here so as to hustle like a man but my problem now is accommodation. I need una help 1 Like |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by steveodo(m): 6:36pm On Jan 28, 2022 |
20% of your annual income |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by mattmogan88: 6:38pm On Jan 28, 2022 |
yusufdayo1: Please can you brief me on how you did it |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Hiq0: 6:57pm On Jan 28, 2022 |
Oh |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by loswhite(m): 7:39pm On Jan 28, 2022 |
k2money:You are not in any position to advice...lol. |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Makanaki127: 7:44pm On Jan 28, 2022 |
NotKnown:With the way house rent done cost bro he no go fit work oh,except na bush u wan go stay |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by brainhgeek(m): 8:19pm On Jan 28, 2022 |
An average of 2months if you are married and 3 months if you are single. I am married and live in a comfortable flat. My rent is 16.7% of my annual salary. No matter how small your rent is, that thing called house-rent has a demon attached to it. Body go dey do you like say make you still hold am small but every day that passes endangers the value of the money and also your integrity. So,live within your means 1 Like |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by CaptainFM1: 8:20pm On Jan 28, 2022 |
Itsrm: It depends on how you see it. |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by k2money(m): 8:46pm On Jan 28, 2022 |
loswhite:It's a compliment |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Theophinio(m): 8:53pm On Jan 28, 2022 |
TUTU147: Sir, I really feel your pain You need a side hustle No amount of salary will ever be enough Salary is like a trap |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by DEBUU: 9:11pm On Jan 28, 2022 |
That's a nice thread. Basically the formula is salary earners. What about business men and women? |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by DEBUU: 9:14pm On Jan 28, 2022 |
chukwuma0000: It depends on the area, if you are in Onitsha good. 3-3 and Nsugbe is where you will self con 65 to 74k per year. |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Bimpe29: 9:24pm On Jan 28, 2022 |
2 months salary is ideal but not more than 3 months salary at most. |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by aikyg(m): 10:15pm On Jan 28, 2022 |
Rubbiish:If your salary is a 100k, then you should be living in a 100k per annum house, if you want to get ahead in life. The problem is that a lot of young people are too proud to know where they really belong. If you are earning 100k, get a self contained or two rooms face me i face you for 100k. If you are earning around 300k get a one bedroom flat or a two room and parlour face me i face you. Don't go and spend your life working for a landlord. Your landlord does not deserve more than your one month salary. Please, be wise!!! Also be careful. Some the people telling you that your one month salary cannot cover your rent are estate agent and greedy landlords. They are here to lie and deceive you. Be wise!! 1 Like 1 Share |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by aikyg(m): 10:20pm On Jan 28, 2022 |
chukzyfcbb: Financial expert peg it at 25-30% because they assume you are paying to own the house eventually. Understand the difference! 1 Like |
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