this post was submitted on 03 Mar 2025
15 points (100.0% liked)
Personal Finance
4089 readers
28 users here now
Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!
Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The classic advice, which is still good today, says to spend no more than 1/3 of pretax income on housing.
The poor often spend a lot more than 1/3 on food, and the rich never do.