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Rent To Income Ratio Calculators

Author: 
Blueprint Management
Publication date:
March 4, 2021
Article Summary: 

The article discusses the concept of rent to income ratio, which is the amount of a person's monthly income spent on rent. The 30% rule is the most commonly used method to calculate this ratio, which suggests that rent should not exceed 30% of the overall monthly income. The article also mentions the 50/30/20 budgeting rule, where 50% of gross earning is used for necessities, 30% for entertainment, and 20% for savings. It highlights that overspending on rent may lead to a compromise on entertainment or savings.

Keywords: 

Rent to income ratio, 30% rule, budgeting, 50/30/20 rule, monthly income, rent, expenses, savings.

Source Citation: 
Blueprint Management
Rent To Income Ratio Calculators
March 4, 2021
https://blueprintmanagement.ca/blog/rent-to-income-ratio-calculators/
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