Submitted by [deleted] t3_z5qpbq in personalfinance
Novax___Djocovid t1_ixxkkqq wrote
Reply to comment by micha8st in Am I able to manage this? by [deleted]
they gave us 3 weeks to return to the office. yeah I was almost 2 hours from the office. The 1391 is the place I moved to that's close to my office.
>My rule of thumb I heard way back in the dark ages was no more than 1/4 of gross salary for rent. 1/4 of 6.4k = 1.6k.
makes sense, but why gross and not net?
9pmt1ll1come t1_ixxlc24 wrote
25% tax, 25% savings/retirement, 25% housing, 25% living expenses.
ITinMN t1_ixxl03q wrote
Ah, I've done 2-hour commutes before.
Granted it was via public transportation (and something that only would have been around 40 minutes otherwise), but still, it's not like you're in Kazakhstan or something.
micha8st t1_ixxlqsv wrote
The idea of the rule-of-thumb is to use as a guide - as an upper bound. Lower, of course, is better.
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