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Nairaland Forum / Nairaland / General / Properties / How Much Of Your Salary Should Be Used To Pay Your Rent? (28139 Views)
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Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Rubbiish(m): 12:03pm On Jan 28, 2022 |
aikyg:This is not realistic Majority of Nigerians are earning around 100k to 300k. Saying only one month salary should cover rent is not realistic for majority 11 Likes |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by AlphaStyles(m): 12:10pm On Jan 28, 2022 |
Skyfornia:maybe that 100k earner doesnt need an assistant 1 Like |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by BigDawsNet: 12:11pm On Jan 28, 2022 |
1 week wages will cover my rent for the month The rest and extra income goes to bills+food+savings+gifts 2 Likes |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by socialmediaman: 12:12pm On Jan 28, 2022 |
Calibrator: There’s also Google with tons of advice on this topic from experienced financial experts |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Prechgold1180(m): 12:15pm On Jan 28, 2022 |
lokobyforch:back then when life they show me shege I go rent hus of 150 per year My salary nah 14800 minus tax Omo year end i pack go my mama hus I nur fit shout Thank God for life now 7 Likes |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by OgunkeelAllMod: 12:17pm On Jan 28, 2022 |
For Abuja here, most of our money goes into rent ..part why we dey vex,especially if na flat or sefcon(standard)na baba werey rent 1 Like 2 Shares |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Halo22: 12:20pm On Jan 28, 2022 |
I don't understand what people mean by 2 or 3 months salary cos what I spend on rent in Enugu is about 45% of my annual salary. If not for side hustle, person for don pack go villa. Imagine paying up to 500k for a 2---bedroom flat. 2 Likes 1 Share |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Winneygirl(f): 12:22pm On Jan 28, 2022 |
10% of your annual income. Or 2 months salary. Anything more, you will be going outside what is affordable based on your income. Remember that you will pay for PHCN and PHCN bill can be as high as your monthly rent. You might also pay for water, security, fuel for generator etc. So.... 10% max of your annual income. 2 Likes 1 Share |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Newdawn123: 12:24pm On Jan 28, 2022 |
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Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by lokobyforch(m): 12:25pm On Jan 28, 2022 |
Prechgold1180: Na d gospel truth be dat, unless u get where u wan dey thief dey balance up. |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by lokobyforch(m): 12:29pm On Jan 28, 2022 |
Skyfornia: Sorry if I sounded offensive, now u are making me understand that u don't intend living on this new business, if u are earning 100k profit u can as well pay 30-40k, mind u business increase as the day goes by, so u have nothing to worry about. |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by CocoaOla: 12:30pm On Jan 28, 2022 |
Nigerians are poor 2 Likes |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Paramount01(m): 12:33pm On Jan 28, 2022 |
Itsrm: My side hustle is more than what I realize in a month Should I still now rent house base on what I earn as salary or I add it with my side hustle and take house |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by TUTU147: 12:35pm On Jan 28, 2022 |
federal9:You are one of the luckiest nigerian.You don't know what God Almighty have done for us.some of us have served the government for 15years yet our salary is not up to 80k.We have wife and children and other relatives.This is one of the reasons some of us dey vex. 2 Likes |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Newboss(m): 12:37pm On Jan 28, 2022 |
Only dumb people follow those rules. If the rules were to be followed, most people in major cities around the world will be homeless not because they don't have money to pay rent. Those rules are for the ideal world. The world is real, not ideal 3 Likes |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Glaxxs: 12:37pm On Jan 28, 2022 |
Rubbiish:Dont mind that chap, not sure he/she pays rent. 1 Like |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by OgunkeelAllMod: 12:40pm On Jan 28, 2022 |
Rubbiish:Bruv, I don't understand what you mean by MAJORITY of Nigerians earning up to 200-300k per what? Have you forgotten minimum wage? Hmm, many Nigerians in big cities like Abuja,, Lagos, etc live in shanties, shacks, ghetto3, slums, suburbs! A helluva lot! Check out during close of the day traffic direction. Thousands of cars, okada, keke heading out of the city center (with Quarters, estates, duplexes, apartment block, condos, pent houses etc) to those destination I mentioned. That's the Actual reallty. Majority of the guys and babes you see well dressed live in most of these low budget areas where rooms are gotten for as low as 3k per month Public house, so to say, and many are struggling even to meet up with that meager amount! Some people (guys and babes) like 2 to 3 in a single room ..most Nigerians live miserably o 6 Likes |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by AgentGoat: 12:40pm On Jan 28, 2022 |
lokobyforch: This sentence ' your rent should not be more than your 3 months salary'. Is it that you won't feed and do other necessary living expenses for 3 months and just transfer the money to the landlord? Most people on salary Jobs are just working for their landlords year in year out. |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by TUTU147: 12:40pm On Jan 28, 2022 |
Na people when dey receive salary above 200k fit use one month salary pay house rent for a year.Some of us have served the government for 15years,yet our salary never reach 80k.We have wife and children and other relatives.Some of us are posted to cities where things are very expensive,and yet the government don't want to do anything about it.Na God dey see us through if not I don't know how person fit survive. 1 Like |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by itsene: 12:42pm On Jan 28, 2022 |
Government apartments: 10 to 20%. Private apartments: max 30%. Labour unions, cooperatives, local and state governments should invest in housing. 1 Like |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by TUTU147: 12:42pm On Jan 28, 2022 |
OgunkeelAllMod:That is the reality of life in nigeria. |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Jaysleeves(m): 12:42pm On Jan 28, 2022 |
TUTU147:Are you a civil servant or a member of Nigeria police force , just curious ? |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Lange: 12:44pm On Jan 28, 2022 |
If you are paying more than your monthly salary as your rent per year, you need a rethink. You are living above your means. My honest and sincere opinion. 1 Like 1 Share |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by PHIPEX(m): 12:44pm On Jan 28, 2022 |
My rent is currently 8% of my income. I don't think anyone should cross 20% otherwise, you might not be able to save anything in a year as a family person. |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by obamartins(m): 12:46pm On Jan 28, 2022 |
My rent is less than 20% of my monthly income and it is a three-bedroom flat. But e far from the main road well well . Some people will visit me and be like, "the house is far from the major road." I tell them in my mind not to visit me, I no invite una. I can't afford to be working for the Landlord every year. I live in a city where the closer the building is to a tarred road or a major road, the higher the rent. As if naa the Landlords build the road. Mtheew. 6 Likes |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by teemy(m): 12:47pm On Jan 28, 2022 |
FuckDModz: obembet: FuckDModz: One has to give way though. Truly, the one-month salary is the way to go. |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by gabpaul: 12:47pm On Jan 28, 2022 |
Halo22:It's cheap na..come to Lagos |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by Newboss(m): 12:50pm On Jan 28, 2022 |
lokobyforch: You dey earn 40k and you dey feed with 20k and spend 8k on soap, cream, body spray, subscription and babe? Makes zero sense. Cut that feeding down. Cut that 8k down too. Then pay your rent. Life is all about compromise. Shelter is very important for your esteem and confidence. Avoid squatting if you're earning. Even if na 5k a month room, take the room and maintain it. As a guy, you will get more toto if you have your own place. And you will also be more proud of yourself. 2 Likes |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by OgunkeelAllMod: 12:52pm On Jan 28, 2022 |
TUTU147:he might be one those certificateless ,ill educated quota system thing you know, there are many of his kind in various ministries ,department and agencies,trust me. especially if na abok1 ..forget it, it got NOTHING to do with God, many things is wrong with the fraudulent setup called Nigeria. If you know, you know |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by htdot: 12:52pm On Jan 28, 2022 |
Mynd44:30% is too much... your rent shouldnt be more that 23% of your annual income. |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by sammirano: 12:53pm On Jan 28, 2022 |
2 months salary max 1 Like |
Re: How Much Of Your Salary Should Be Used To Pay Your Rent? by gabpaul: 12:53pm On Jan 28, 2022 |
TUTU147:80k with family ..the Lord is your strength 1 Like |
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