How much House or Apt can I afford?

Q:How much HOUSE or RENT can I afford?< p>
A: 25pct of your take-home pay.

Yep. After taxes for ALL expenses related to having a roof over your head:

. 1. Take home pay for the month: $2500

. 2. Multiply $2500*.25=$625

. 3.$625 is the MAX

mort+taxes+elec+water+natural gas. OR

Rent+water+elec

. OMG

I got this from listening to the Dave Ramsey show years ago and it turned my life around. It works!

http://www.daveramsey.com/article/how-much-house-can-you-afford/100362/

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