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% of your take home salary on rent payments?

Welcome to the "peasant renters" thread, to run parallel to those posh home-owning lot :)

So, what part of your household take-home total income is your rent?

That's: pay, bonuses, benefits, tax credits, maintenance ... or the cash you get selling pegs door to door.

Mine's 45%
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Comments

  • treliac
    treliac Posts: 4,524 Forumite
    Welcome to the "peasant renters" thread, to run parallel to those posh home-owning lot :)

    So, what part of your household take-home total income is your rent?

    That's: pay, bonuses, benefits, tax credits, maintenance ... or the cash you get selling pegs door to door.

    Mine's 45%

    :rotfl: :rotfl: :rotfl: :rotfl: :rotfl:
  • dsab
    dsab Posts: 328 Forumite
    Part of the Furniture 100 Posts
    Ours is about 10% of our combined income, which includes rent and rates (council tax in NI).

    We save heavily to be able to buy a house outright next year, so that I can then move on to the other home-owning lot. :D
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    I pay neither rent nor mortage, being one of life's spongers.

    Oh jip, yes, we do pay rent, DH's lodgings....er, I can't work it out. I'll round up, I think we pay about but between 70-75% of income towards savings for house expenditure and rent, combined.
  • avantra
    avantra Posts: 1,331 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    18% of our combined net. Savings is about 30% and the rest is bills and fun.:beer:
    Five exclamation marks the sure sign of an insane mind!!!!!

    Terry Pratchett.
  • beingjdc
    beingjdc Posts: 1,680 Forumite
    My share of the rent, before bills, is 28% of my take-home pay. I am paying the same rent as in 2005 though, when it was a much larger percentage.
    Hurrah, now I have more thankings than postings, cheers everyone!
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    about 70% of my net income goes on rent. my partners salary makes up the rest. going to be tight when she goes on maternity this month though.
  • JoeCrystal
    JoeCrystal Posts: 3,384 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    My rent is 75% of my net pay & Working Tax Credits which are godsend. :eek: Before Council Taxes, bills, shopping and foods... Basically, it is very hard but rewarding to save so much. I want to have a nice little home, just one I can call my own one day!

    @ruggedtoast Congrats! I wish you and your partner well! :)
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    thanks joe
  • bendix
    bendix Posts: 5,499 Forumite
    Can I confirm what I'm reading here? You two are spending 70-75% of your take home pay on rent?
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    bendix wrote: »
    Can I confirm what I'm reading here? You two are spending 70-75% of your take home pay on rent?

    Yep. Thats about it.
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