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Dave Ramsey

Dave Ramsey

Host of "The Dave Ramsey Show" on Fox Business Channel and...

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Scott Bilker

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Liz Pulliam Weston

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Q&A

If you have questions about this change, you're in the right place. Our editors, experts, and community of change optimists have answers!

bstarr

Question:What percentage of your monthly income should go toward rent?

is there a formula for this?

Asked by bstarr on 3/9/08 1 Answer»
tabby1699

Answer:

The recommendation is that no more then 1/3 of your montly income should be either your rent or your morgage payment.

Answered by: tabby1699 on 5/23/08
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