What's the most I should spend on rent making $18.50/hr and working a average of about 37 hrs each week.?
I am a single mom with two dependents.
Car note $255.50
Car ins. $71
Cell phone $35
Childcare $ 340
Currently claiming 9 exemptions
- Donald BLv 73 years ago
Taking 9 exemptions will cost you money at tax time. Reduce it to 1. You only have 1600 a month to spend. You should not pay more than $500-$800 a month.
- SlickterpLv 73 years ago
No more than 35% of income.
- BLv 73 years ago
rent is generally no more than 25% of your gross pay. which would be about $736 a month (0.25*18.50*37*4.3)
- JudyLv 73 years ago
Around 800, preferably a bit less but whether that's possible depends on where you live. good luck. do you get child support in addition to your job?