How Much Of Your Salary Should Be Used To Pay Your Rent? - Properties - Nairaland
Nairaland Forum › Nairaland General › Properties › How Much Of Your Salary Should Be Used To Pay Your Rent? (30794 Views)
| How Much Of Your Salary Should Be Used To Pay Your Rent? by Nobody: 5:35pm On Jan 16, 2022 |
A guide on how much of your income should be used to pay rent. 23 Likes 6 Shares
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| Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by KillIgbohoN0W: 5:55pm On Jan 16, 2022 |
Not more than 3 months' salary. Anything more and you're living beyond your means. 134 Likes 10 Shares |
| Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Nobody: 9:57am On Jan 25, 2022*. Modified: 6:24pm On Apr 04, 2023 |
Source: https://hofeshhomes.com/2022/02/02/how-much-of-your-salary-should-be-used-to-pay-your-rent/ You can bookmark our blog for real estate tips like this. Hofesh Homes Ltd. 20 Likes 6 Shares |
| Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by naijadrivablog: 9:24am On Jan 28, 2022 |
Wow! Nice. I know someone who pays his rent with his 5 months salary and it isn't easy with him. I told him to look for a cheaper house but he wants to bambam in a nice neighborhood while sapa de hold am.  cc: lalasticlala, mynd44, lawyer 125 Likes 7 Shares |
| Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Mynd44(mod): 11:26am On Jan 28, 2022 |
Your rent should not Be more than 30% of your annual income. Anything else is a waste of time except you want to be hiding from your landlord And you should always removed the 30% immediately you get paid. Save it is piggyvest, cowrywise or those banks that allows you do targeted savings 95 Likes 6 Shares |
| Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Itsrm(m): 11:37am On Jan 28, 2022 |
My rent is 5.3 percent of my annual salary and 3.1% of annual income. This has made me the darling of my landlord because I find it easy to pay and pay him promptly 84 Likes 2 Shares |
| Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by slawormiir: 11:37am On Jan 28, 2022 |
Damnnn niggarrrr Isoright jojofola:I just tire for them 18 Likes 4 Shares |
| Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by NotKnown: 11:37am On Jan 28, 2022 |
2 or 3 months salary should be the highest you should spend. 21 Likes 4 Shares |
| Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Calibrator: 11:38am On Jan 28, 2022 |
God bless whoever created this thread.... Went house hunting this week. I purposely went through the forum archives on Wednesday to search for this exact topic and read through 16 pages of insightful contributions. Getting fresh perspectives on this new thread won't hurt. 54 Likes 4 Shares |
| Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by jojofola: 11:38am On Jan 28, 2022 |
Make una leave all this kind talk abeg Let people live whichever life suits them, no be pikin dey rent house. 56 Likes 1 Share |
| Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by lokobyforch(m): 11:38am On Jan 28, 2022 |
How u go rent house when u dey earn 40k, my friend go follow person stay jare. Transportation- 8,000(20%) Feeding- 20,000(50%) Soap, cream, body spray, subscription, babe- 8,000(20%) Savings( Incase u dey sick)- 4,000(10%) Simply put; u never reach to rent hoz. Who u dey impress! 101 Likes 6 Shares |
| Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by CodedWealth(m): 11:38am On Jan 28, 2022 |
Well following the normal money rule, It is stated at 30%.. But in reality, divide your rent into 12 and save 1/12 monthly... And this should be your tradition monthly... Let's see my rent is 100k And I am doing a job of 100k per month... I'm supposed to save at least 8K monthly For rent... If your rent is above 30% of your salary monthly, then indirectly you are working for the house owner whether you aware of it or not 75 Likes 3 Shares |
| Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by costandi(m): 11:38am On Jan 28, 2022 |
10% for me o 2 Likes 1 Share |
| Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Ademola47(m): 11:39am On Jan 28, 2022 |
That's for salary earners that earn 'salary' alone. But you see those civil servants in local government, ministries, tertiary institutions, their own rent is usually like 4-6 months salary. How do you explain a police constable earning 48k monthly and paying 220k for 2-bedroom flat? Or the level 8 Civil servant earning 70k paying 300k for Room & parlour self contain I a rush area. 27 Likes |
| Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by razzydoo(m): 11:40am On Jan 28, 2022 |
0.00126543% |
| Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by YorubaKing: 11:40am On Jan 28, 2022 |
Ojuelegba underbridge be rent free na  4 Likes 2 Shares |
| Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Michelle70(m): 11:40am On Jan 28, 2022 |
Use the 50:30:20 strategy 3 Likes 3 Shares |
| Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by diplomat058(m): 11:41am On Jan 28, 2022 |
If Rent is above 40% of your income, you may be unknowingly living for your Landlord/Lady. Hmm 3 Likes |
| Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by bobbiiee: 11:41am On Jan 28, 2022 |
For me, it should not be more than 2 months for salary earners . If it's more than that, how will you plan for further studies, having your own place, taking care of your family. Some of us stay in houses cheaper than what we can afford so as to accommodate plans for other areas. 29 Likes 2 Shares |
| Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by snoopz: 11:42am On Jan 28, 2022 |
4 months salary should be enough anything more than that will need another source of income because of other miscellaneous expenses |
| Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Sucolee(m): 11:42am On Jan 28, 2022 |
Na house rent dey make Lagos boys broke 7 Likes 3 Shares |
| Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by k2money(m): 11:42am On Jan 28, 2022 |
I never rent a house before, I was from my dad house to my house but if am to advise anybody, it should not be more than 10% because you still have a lot expenses in the money. 11 Likes 1 Share |
| Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by yatix32282: 11:42am On Jan 28, 2022 |
At least 20% |
| Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Femich18(m): 11:42am On Jan 28, 2022 |
We were told you shouldn't live in a house that 2months salary can't pay it's rent. 3 months may still be ok to some people but anything above that is a disaster 6 Likes 1 Share |
| Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Decentdave(m): 11:42am On Jan 28, 2022 |
R |
| Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by AlphaStyles(m): 11:43am On Jan 28, 2022 |
I think its high time salary below 50k is abolished in this country no be work again na suffer no rest morning and night and at the end u get paid peanut seriously na slavery dy go on for this country 15 Likes |
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