What portion of your salary should be spent on rent ?
Rent in bangalore is going out of hands
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I THINK If you are single and not living with family or gf - less than 10%
You +wife/gf - ~ 15%
You+wife+parent - ~20%
*assumed salary above 1 LPM
I spend 20k in a single room pg but its like 15 min walk from office. Am I paying alot? My salary is 1.3lpm.
25% max if above 1 l salary
Makes sense
Ideally 10% or less not more than that. Rent shouldnt burdern you.
How much rent you can pay will exactly boil down to if you get laid off can you afford the rent for atleast six months? That’s your answer. Plan for the worst case scenario always
Salary: 1.9L PM (in hand) Side income: approx 1.3L PM (sometimes higher)
Going to pay 55k EMI for my house (3BHK) starting next month (jan) Already paying 14k EMI for another house in a different city. Both home loans. Before this last diwali, I was paying 13k rent for a 3BHK.
I'm a technical lead in a service company. Tech stack(if anyone's wondering): Node.js, AWS.
Side income: SaaS (sort of my startup which I built over the past 2 years)
And yes, my side income pays for all of my expenses every month (including all EMIs).
I live with my parents (WFH).
I have q friend who earns 90k and his wife is teacher making 32k his rent with his family is 42k he gets rent from his 1 bhk 16k he is always hand to mouth and owe me 42k in last one year he say he will return but i dont think and cant say no as well as i am in livin relation with his cousin
TMI lol
I'm from Bangalore, I've lived in gurgaon as well as Mumbai for at least 3 years Rent is not any less than Bangalore here Please stop highlighting Bangalore city's name for everything..
Ok son , money is money everywhere
Thinking is thinking everywhere, some people just don’t do it
Next time, try respect. It works better than condescension
17.5% of in-hand, 35k. Hyderabad