Agood rule is to spend no more than 25-30% of your income on housing.

A good rule is to spend no more than 25-30% of your gross income on housing.

Explanation:

The gross income is the salary a person receives before the taxes are deducted. It is said that no more than 25%-30% of the gross income should be spent on housing because this is an amount that will allow you to have enough income available to cover the rest of the expenses a person has. Over this level, it would be a high cost that will generate financial problems.

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