How Much to Spend on Living Expenses

Apartment Therapy claims your rent should be no more than 30%. To buy a house, a lender generally requires your living expenses be no more than 28% of your income, with total recurring debts (such as student loans) totaling no more than 36% of your income.  Below is a chart of what financial and real estate expert, Dave Ramsey, recommends.

From Dave Ramsey

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