Renter’s Budget: How much can you really afford?

The rule of thumb is to budget 25%-35% of your gross income for rent.

Yearly Gross Income

Divide by 12

Multiply by 28

Total Rent=                                      

Estimate Your Other Monthly Costs

Gas & Electric

Other Loan Payments

Telephone

Credit Card Payments

Cable TV

Medical Expenses

Food

Insurance

Transportation

Car Loan and Maintenance

Miscellaneous

Total =                                              

Add this entire monthly expenses figure to your Target Rent above to help assess your monthly living expenses.

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