A guide on how much of your salary should be used to pay rent.
If your salary or fixed income is 40,000 Naira per month, for example, you shouldn’t live in a house where the rent is 80,000 or not more than 120,000 Naira (the lower the better). In other words, 30% or less of your annual income.
This helps you not to live above your means. Your landlords and landladies deserve their rent in due time.
This post was Featured on Nairaland.com How Much Of Your Salary Should Be Used To Pay Your Rent?
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