Are you getting ready to hunt for a new apartment? Do you have questions about how much you should be spending on rent? In this clip, I answer that question, as well as how you can determine how much rent you can afford.
Shot of a couple looking stressed while working through paperwork
For some, the responsibility of spending hard-earned money on bills or rent can be anxiety-producing. For others, the thought of getting that first apartment and starting a new life is exciting. But before perusing rental listings, first, you need to answer the question, “how much should I spend on rent?” By understanding the percentage of income that you need for rent, you can answer the question, “how much rent can I afford?”
