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What percent of your income do you spend on rent or mortgage?

Discussion in 'Adults Only' started by skrinkle, Dec 10, 2017.

  1. skrinkle

    skrinkle Cat Mom Staff Member Mod Squad

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    Do you follow the rule of 25%?

    For us, we definitely don't. We'd be living in a box if we did :rofl: I'd say half of our income goes to rent, if not more.
     
  2. Shank.

    Shank. Newbie

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    i spend about 40%
     
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  3. skrinkle

    skrinkle Cat Mom Staff Member Mod Squad

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    Is that because you have to, or want to? I feel like most young people have to spend more than 25% if they live in a city.
     
  4. mcpon14

    mcpon14 Addict

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    My co-worker at a fast-food restaurant used to spend all of his income for utilities and rent, except 50 dollars a month, which he uses for food. :)
     
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  5. mikeconley11

    mikeconley11 Addict Pic Mod

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    Where's that maths guy at? @MarkFL tell me if I'm right

    So I get £5700 from student finance over the course of a year. I have 10 months rent, £450 a month making that £4500. £4500 is 78.95% of 5700 since X= Y% times Z. So 78.95%, am I right?
     
  6. mcpon14

    mcpon14 Addict

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    Why don't people just live their parents? You could save so much money that way, lol. My friend makes north of 200 thousand a year and he still lives with his parents for that reason, so do many of my church friends. :)
     
  7. mikeconley11

    mikeconley11 Addict Pic Mod

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    Part of being an adult I suppose
     
  8. MarkFL

    MarkFL La Villa Strangiato Staff Member Mod Squad

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    Yes, that's correct. :)

    Out of every £19, you spend £15 on rent.
     
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  9. mcpon14

    mcpon14 Addict

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    I get that. People want to be independent but, lol. :)
     
  10. Posta

    Posta Champion

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    25% total for both places
     
  11. mcpon14

    mcpon14 Addict

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    You have two houses? :)
     
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  12. mikeconley11

    mikeconley11 Addict Pic Mod

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    That's depressing, the other £4 is probably spent on law books. Uni is such a scam lol
     
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  13. Posta

    Posta Champion

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    We have a rental in Langford and a rental here. :D
     
  14. Wrecky

    Wrecky Valkyrie Staff Member Mod Squad

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    My friends that stayed at home the longest were the first ones to buy houses, unfortunately staying with the parents isn't an option for everyone.
     
  15. mcpon14

    mcpon14 Addict

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    Tell me about it, lol. My parents kept strongly dropping hints that I should get out, lol, until I got the message and finally did, lol. :)
     
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  16. Wrecky

    Wrecky Valkyrie Staff Member Mod Squad

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    While I think it's smart to stay at home when you go to school, I think a lot of kids take advantage of their parents and stay too long.
    I would never have kids, but if I did I wouldn't let them stay at home past university. I think anyone that's 25+ and still lives at home should think about moving :P
     
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  17. mikeconley11

    mikeconley11 Addict Pic Mod

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    It should just be 18+ for everyone, nothing more unattractive than a spoiled girl still dependent on her parents
     
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  18. Wrecky

    Wrecky Valkyrie Staff Member Mod Squad

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    I'm not shaming anyone that still lives at home or would want to, that's just how I feel about it.
    I used to be friends with this girl that stayed at home until she was 25.
    She didn't go to university and had a full time job, but preferred to sponge off the 'rents so she could live a luxurious lifestyle.
    She ended up having a total melt down and ran away to Disneyland when her parents sold the house and retired to the their weekend cottage.
    But she cried about it so much her parents leased 2 (2bedroom) apartments in town, one for her and her bf and the other for her mom to stay at occasionally :confused:
    Then she complained about not having enough space so they bought her a modest house..
    If this girl didn't have her parents (or their money) she probably would have died of starvation because she was so incapable of doing anything for herself. :iik:
     
  19. mikeconley11

    mikeconley11 Addict Pic Mod

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    Exactly, I can't stand people like that. I want me some independent single ladies. Did she live in Disneyland? I'm confused

    My brother just finished uni and he's either 22 or 23 years old. I think he's 23, anyway he's living at my parent's home now. My parent's house is crazy I don't see why he would want to live there again. But I do sympathise with the money situation, it's an easier road to stay at home (maybe he should get a fooking graduate job)
     
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  20. Wrecky

    Wrecky Valkyrie Staff Member Mod Squad

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    No, she was in Disneyland for about a week, just refused to come back until they got her the apartment.. then she whined because she didn't have an extra room for all her hideous thrift store clothes, so they bought her a house.
    I tried to be patient with her because it was hard for her, but the entitlement and emotional manipulation really sickened me.
    I remember trying to talk to her about it but she just kept insisting it was her parents responsibility to support her, no matter how old she was. :err: She was seriously offended that they dared to retire and sell their house while she still wanted to live in it.
     
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