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Updated about 11 years ago on . Most recent reply

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Justin Matthews
  • Greenbrier, TN
0
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House Payment as a Percentage of Total Budget

Justin Matthews
  • Greenbrier, TN
Posted
How big of a percentage is your total house payment in your budget based on net pay? Do you think there are certain guidelines everyone should follow in regards to certain ratios of gross or net pay?

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281
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Marcus Johnson
  • Investor
  • Apple Valley, MN
94
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281
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Marcus Johnson
  • Investor
  • Apple Valley, MN
Replied

Yes. I believe that your primary residence should be no more then 25% of your net income, otherwise your to cash poor to save up for investing.

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