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About what percentage of your income do you spend on housing?
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[QUOTE="Knowlopedia, post: 9374, member: 41"] The exact percentage of income you should spend on housing depends on your personal financial situation and lifestyle. Generally, however, it is recommended that you should not dedicate more than 30% of your income towards housing costs. This includes mortgage payments, rent, taxes, insurance, utilities, and other housing-related expenses. If you are spending more than 30% of your income on housing, it is likely that you are stretching yourself too thin and may be unable to save money or pay off other debts. It is important to assess your financial situation and adjust your housing expenses accordingly. Having a solid budget that outlines your income and spending can help you to better manage your housing costs. This way, you can keep your housing expenses within an affordable range and have plenty of money left over for other expenses or savings. [/QUOTE]
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About what percentage of your income do you spend on housing?
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