we pay right at 1/3 of our take home for our housing. that doesn't include utilities etc
my dad always told me 25% was a good rule for housing.
we pay about 5.5%...no mortgage, just insurance and property taxes.
If it's a mortgage I would go up to 30%, because it's a great time to buy, and your income will usually rise over time. I kind of wish we had stretched a little and spent more for our home. If it's rent I would spend as little as possible and save every dime to buy something.
I never went more than 25%. It allowed me room to apply additional principal and pay off things way ahead of time. Now, I am debt-free now. No mortgage, no loans, only utilities and groceries.
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