I signed a lease a couple months ago for an apartment I'll be moving into on June 2. The monthly rent is 40% of my take home pay each month. I know the 30% rule. I've also heard that 25-33% is an acceptable range. I get a Christmas bonus every year equivalent to one paycheck (I get paid twice a month). I may also get other bonuses if the law firm I work at wins or settles cases. As of this week I've paid off all my student loans and I'm 100% debt free.
I kind of wish I had held off and gotten a cheaper apartment, maybe something with the utilities included, within walking distance of my office (there are plenty of those around). The apartment I'm getting is nicer and has great amenities, but it's more expensive and out in the suburbs, so I have to commute to work.
If anyone has been in this situation before, did you ultimately end up regretting the amount you spent on rent?
Submitted April 13, 2018 at 09:17AM by Birdmeistr https://ift.tt/2v9H0YC
