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How much of your salary should you spend on rent?

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Since property prices are very high, a lot of people prefer staying in rented house rather than buying their own house. When it comes to renting a property, be it an apartment or a villa, a large number of options are available at different rates. But, it is difficult to decide how much money we should spend on rent every month. Actually, it depends upon your salary or income. Ideally, it is believed that one should not spend more than 30% of their income or salary on rent and utilities. Watch this video to know how much salary you should spend on rent and to plan your rent to salary ratio  effectively

 

 

 

 
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