Hello all,
I just graduated from college and will be making $50,000 next year and I would like to know if $1,200/month is too much to spend on housing.
I know 30% is the rule of thumb...what do you all think?
Also, does anyone know the figures are far as "take-home" pay? I have been using a figure of 68% of my gross income annually and monthly. Is this about correct?
3.0% fixed state tax in Illinois
I just graduated from college and will be making $50,000 next year and I would like to know if $1,200/month is too much to spend on housing.
I know 30% is the rule of thumb...what do you all think?
Also, does anyone know the figures are far as "take-home" pay? I have been using a figure of 68% of my gross income annually and monthly. Is this about correct?
3.0% fixed state tax in Illinois