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