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MoneySaving Poll: How much of your income do you spend on your rent/mortgage?

27 Posts
Poll started 24 June 2014
How much of your income do you spend on your rent/mortgage?
Home is where the heart is – and it’s also at the heart of many of our bills. How big a call on your income are your housing costs? (If you’re a couple/family please answer as a group.)
Please select the closest answer to how much you spend as a proportion of your HOUSEHOLD TAKE-HOME SALARY/INCOME (after tax, but include any benefits received as income).
Did you vote? Are you surprised at the results so far? Have your say below. To see the results from last time, click this.
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If your mortgage/rent is more than your income, how do you buy food, pay for gas & electric, all the basic essentials??
I just selected that.... I've been spending/living off my savings for months now.
... and savings!
All gone now. Just bought a house to stop this downward spiral of spending it.
And how can I do this please.
Our mortgage which we only took out earlier this year was just over 3x joint income (before deductions). We feel this is very affordable and plan to start overpaying our mortgage early next year once we have done a few jobs to the house. At that point we'll spend around 40% on our mortgage.
I wonder if some of that group might be people who live with parents or other relatives? Or sleeping on a friend's sofa, etc.