Every two weeks, not a month.
@Dinklex3 No. I know what I said.www.thebalance.com/what-percentage-of-your-income-should-go-to-rent-4688840www.cnbc.com/.../...ld-be-spending-on-housing.html
Alright. You said she was making $2,700 a month after taxes instead of $5,400 like she is so I just wanted to make sure.
@Dinklex3 Okay. My bad. I meant to say *if someone* was making $2,700 a month (as opposed to two weeks like OP is). I just didn't want to adjust the math specifically for her. So fine. I'll do all the math here.If you're making $5,400 a month after taxes, then rent should be between $1,350 and $1,800 a month. With $1,350 already being quite high for rent in a one-bedroom apartment or studio, $1,000 should be a good amount and within 25 to 33% of the monthly income.
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Maybe not a 401(k). First you need to build up some cash or other liquid assets so you aren't living paycheck to paycheck. It would be best if you can do both -- contribute to a 401(k) if there is matching, and also save some cash. Liquid savings is freedom.