RENTING
June Homes Blog
Don't stress! Budgeting doesn't have to be hard. By looking at your income and what you spend, we'll help you find that perfect rental sweet spot.
Ever heard of the 50/30/20 rule or the 3 times the rent rule? These guides help decide your ideal rent-to-income ratio. Remember, though, they're just suggestions.
This handy rule says your rent should be no more than 3 times your gross monthly income. It's all about making sure housing doesn't swallow up your whole budget.
Here's a quick breakdown: 50% of your after-tax salary goes to needs, 30% to wants, and 20% to savings. It's all about balance, and this rule helps you strike it!
You could spend 20% of your income on rent to save more, 30% for a comfortable lifestyle, or maybe even 40% for that dream apartment. It's all about what's best for you!
Let's get practical! Say you earn $60k a year. Using the 30% rule, you could afford $1,500/month on rent. But the best way to know? Read on.
Don't forget about additional expenses like agent fees, security deposit, furniture, utilities, and more. Be sure to factor in these costs when deciding on your rent budget. Image: Cartoon image of a person looking surprised at the bills popping out from a mailbox.
Renting is more than just a monthly payment; it's finding the balance that works best for you. Click below to find your perfect rent using our calculator.