How much of a percentage do you pay in mortgage or rent?

[The Crypto Guy]

Around 65% range on rent but I intentionally work less hours and live by myself to cut myself a break during mental health issues period. I inherited 16 thousand from my grandparents a while back and have still managed to not dip below that in savings despite doing this for a few years.

65%???? I think you need to downgrade if you are spending that much.

 

[MVP of West Hollywd]

65%???? I think you need to downgrade if you are spending that much.

I like my apartment and I don't really want to put the effort into cleaning up and moving

My goal was to just tread water until dealing with my issues due to unique mental/physical circumstances in my life. Every day is a battle for me so I decided to keep my sanity I would work 4 days a week and not have a roommate anymore. I would have guessed after a few years damage would be worse but my bank account has been somewhat resilient. I think I come out a little behind but then I get get some money at christmas or my birthday from my parents and it cancels some of it out. You can call it stupid financially but ultimately I'm still sitting on like 18 thousand right now compared to the amount of people in my generation who are either in debt or living paycheque to paycheque. I got 15 thousand when my grandparents on one side died pretty close together 5-6 years ago and one thousand from the other side around 3 years ago (that side had way more grandkids) so I managed to not spend any of their money yet while I'm sure a lot of people would have blown it by now. On the other hand if I worked full time and had a roommate the last few years I reckon I would be north of 40 thousand right now.

 

[luiginb]

My rent+utilities is 70% of my income after tax. Granted, I work as a teacher and live in one of the best neighbourhoods in Barcelona. So say hello to being 34 and having 2 flatmates haha (which brings my percentage down to 27%)

 

[Mongo]

I take home 2400 a month. My father in law bought a house as a "wedding gift". Thought I was finally going to be able to save money. Little did I know I was still going to pay rent. He charges us 1400$ for rent. Its a 3 bedroom house with 2.5 baths and well worth the 1400$. Unfortunately, I cant afford this rent and if I had known before we moved that rent was going to be that high, we wouldn't of accepted the gift. My wife is disabled and gets a 450$ check monthly from disability.

So between the two of us we have 2850 take home a month.
Rent 1400
cable/internet 250$
electric 110-125$
cell phones 175$
car insurance 90$
water bill is 65$

So rent only is 50% and before food and gas is even counted against our monthly total I'm at 2100$ a month. Nearly 75% of our money.
Add in the gas prices now and I use about 100$ a week in gas. Now, add the rising costs of food and all of our Rx's we have and I'm beyond broke. I want to drop cable but when my wife is home she needs something to watch and dropping all the channels and keeping only comcast internet wasn't even saving that much money. (replace cable with netflix/disney/hulu etc..)

Its gotten so bad that I'm looking to apply for housing but having a disabled wife limits what is available and the wait is very long. Vermont housing isn't exactly cheap and it seems unless you live in the NW part of the state, you don't make shit for money either.

There are days I get my paycheck and I get an instant headache due to stress and just want to end it all. (mostly joking!).

 

[Kairi Zaide]

Food $200
Data $150
Rent $800
Candles $3,600
Utility $150

 

[TheGreenTBer]

I take home 2400 a month. My father in law bought a house as a "wedding gift". Thought I was finally going to be able to save money. Little did I know I was still going to pay rent. He charges us 1400$ for rent. Its a 3 bedroom house with 2.5 baths and well worth the 1400$. Unfortunately, I cant afford this rent and if I had known before we moved that rent was going to be that high, we wouldn't of accepted the gift. My wife is disabled and gets a 450$ check monthly from disability.

So between the two of us we have 2850 take home a month.
Rent 1400
cable/internet 250$
electric 110-125$
cell phones 175$
car insurance 90$
water bill is 65$

So rent only is 50% and before food and gas is even counted against our monthly total I'm at 2100$ a month. Nearly 75% of our money.
Add in the gas prices now and I use about 100$ a week in gas. Now, add the rising costs of food and all of our Rx's we have and I'm beyond broke. I want to drop cable but when my wife is home she needs something to watch and dropping all the channels and keeping only comcast internet wasn't even saving that much money. (replace cable with netflix/disney/hulu etc..)

Its gotten so bad that I'm looking to apply for housing but having a disabled wife limits what is available and the wait is very long. Vermont housing isn't exactly cheap and it seems unless you live in the NW part of the state, you don't make shit for money either.

There are days I get my paycheck and I get an instant headache due to stress and just want to end it all. (mostly joking!).

yeah homie you need to move out, father-in-law be damned. you can't have half your take home pay go into rent, you'll never get out of the hole.

your father-in-law is playing a power move. he's controlling your life and marriage. i know he can rent out this place for more than $1400/month, but that's his problem, not yours. take back the control.

 

[Elliman]

House is paid off

Still have taxes of course, between my wife and my salary, about 6% goes to property/school taxes. Can't WAIT to move down south in a 5 years with my juicy pension and crypto and live like a king with the cost of living being peanuts compared to NY.

baby doge?

 

[MVP of West Hollywd]

I take home 2400 a month. My father in law bought a house as a "wedding gift". Thought I was finally going to be able to save money. Little did I know I was still going to pay rent. He charges us 1400$ for rent. Its a 3 bedroom house with 2.5 baths and well worth the 1400$. Unfortunately, I cant afford this rent and if I had known before we moved that rent was going to be that high, we wouldn't of accepted the gift. My wife is disabled and gets a 450$ check monthly from disability.

So between the two of us we have 2850 take home a month.
Rent 1400
cable/internet 250$
electric 110-125$
cell phones 175$
car insurance 90$
water bill is 65$

So rent only is 50% and before food and gas is even counted against our monthly total I'm at 2100$ a month. Nearly 75% of our money.
Add in the gas prices now and I use about 100$ a week in gas. Now, add the rising costs of food and all of our Rx's we have and I'm beyond broke. I want to drop cable but when my wife is home she needs something to watch and dropping all the channels and keeping only comcast internet wasn't even saving that much money. (replace cable with netflix/disney/hulu etc..)

Its gotten so bad that I'm looking to apply for housing but having a disabled wife limits what is available and the wait is very long. Vermont housing isn't exactly cheap and it seems unless you live in the NW part of the state, you don't make shit for money either.

There are days I get my paycheck and I get an instant headache due to stress and just want to end it all. (mostly joking!).

I'd try to convince him to include the electric and water bill in that 1400 as part of the "deal", or slight increase to 1450 or 1500 compared to the +$180 a month. 1400 for a house overall seems like a decent deal especially with a disabled wife who I'm guessing can't live in every apartment out there.

Maybe look into torrenting to avoid paying for cable or netflix. With a 5 dollar a month VPN it's not that scary. They're not going to come after a small fish legally like you for downloading, they only really care about targeting the major seeders/distributers. Worst they ever do is send me an email every once in a while if I messed up and the vpn didn't block it.

Not going to speculate on your job situation of if you think you're on the verge of making more money, but if you are looking, my take is that the market inefficiency in this generation is in trades. Millennials picture themselves as a high status doctor or scientist and would be ashamed to be an air conditioning repair man/mechanic/plumber/etc., now more than ever since blue collar is now associated with Trump. If you really want to get above $50,000 a year due to having more mouths to feed than your own it's one route to consider.

 

[The Crypto Guy]

baby doge?

 

[cupcrazyman]

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35% of my monthly base pay (after taxes) goes to mortgage.

There's no reason why you & your friends or relatives can't do the same thing.