Paying Rent - VeggieBoards
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#1 Old 02-13-2007, 12:54 PM
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What percentage of your monthly salary goes twards rent?
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#2 Old 02-13-2007, 01:07 PM
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A little over 40%...
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#3 Old 02-13-2007, 01:10 PM
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0%
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#4 Old 02-13-2007, 01:12 PM
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How about a mortgage? 16-18%.
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#5 Old 02-13-2007, 01:14 PM
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50%. we are almost getting by...
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#6 Old 02-13-2007, 01:18 PM
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I should have mentioned that I'm in a single income household.
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#7 Old 02-13-2007, 01:23 PM
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About 16% of our gross household income goes toward rent. Currently my husband and I are saving money and planning to buy a house next summer.
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#8 Old 02-13-2007, 02:46 PM
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29% of gross income is for my rent.
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#9 Old 02-13-2007, 03:38 PM
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About 12 per cent before taxes.



We deliberately bought a house that was far below what we could afford.
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#10 Old 02-13-2007, 04:24 PM
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Right now..... on maternity leave in Canada.... 124%.....
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#11 Old 02-13-2007, 04:38 PM
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Quote:
Originally Posted by nookle View Post

Right now..... on maternity leave in Canada.... 124%.....







I'm Canadian, I completely understand.
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#12 Old 02-13-2007, 04:41 PM
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It's just that I was bartending before, so 95% of my income was tips, and that doesn't count. So I get to rake in 55% of minimum wage, AND get that taxed. SWEET DEAL!
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#13 Old 02-13-2007, 04:44 PM
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Yeah, I'm on a government project getting minimum wage, which is only 7$/h in New Brunswick, and it's ending soon. So EI benefits for me soon.



But I took the project so I would get help paying for College tuition in September. The EI will pay half of my tuition and all of my materials.
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#14 Old 02-13-2007, 04:48 PM
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Nice! I'm in Nova Scotia... my minimum wage was.... 6.90, I think. Cool. EI is poopy unless you were making a decent amount to begin with. (although I would be completely f'd without it.)
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#15 Old 02-13-2007, 04:53 PM
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It was 6.70 here in 2006, and went up .30 on Jan 1st. I really thought we had the lowest minimun wage in Canada.



And yeah I agree with EI being poopy, but it gets us out of a bind I guess. That's why I'm finally going to college. I'm absolutely fed up of depending on government help. (although I'll be getting help for tuition.. :P ) I didn't go before because I had a baby at 17...kinda put my plans on hold you might say...lol
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#16 Old 02-13-2007, 04:58 PM
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Yeah, but you get a baby.....



The minimum wage for people who make tips is lower. Yup.
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#17 Old 02-13-2007, 05:09 PM
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around 20% before taxes, I live with roommates so my bills are split 4 ways, which is nice. Right now I'm in the position to put several hundred towards oldish credit card debt monthly (which is pretty much gone now) and then after that it will go towards savings.
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#18 Old 02-13-2007, 05:22 PM
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Quote:
Originally Posted by nookle View Post




The minimum wage for people who make tips is lower. Yup.





Really? It's the same for everyone here, regardless of tip situation. I used to make tips working at Tim Horton's. I still got the same minimum as everyone else.
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#19 Old 02-13-2007, 05:31 PM
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I don't think Tim's counts, as you're not really supposed to get tips there. But if you are a waiter or a bartender, you get less. I grew up in NB, and it is the same there. Sucks. That's why waiters are unhappy when people don't tip. They make less than minimum wage, AND they get taxed on their tips. So if someone doesn't tip, the server is essentially paying the gov't to be serving them. Bah.
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#20 Old 02-13-2007, 07:43 PM
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23% of my gross income goes towards rent.

For a city like Calgary, that is downright fantastic, especially since I live alone.

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#21 Old 02-14-2007, 02:36 PM
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125%



I wish I was kidding.

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#22 Old 02-14-2007, 02:49 PM
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0% for the past six years. My last two jobs have included housing as part of the benefits package. That gravy train ends in a few short week, but my husband's military housing allowance should cover the tab on our new place.
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#23 Old 02-14-2007, 03:02 PM
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21% of my gross goes towards rent, not including parking, but that barely nudges it up another percent. I guess I'm lucky! I rent a nice one-bedroom and am the sole breadwinner. I didn't realize how much other people pay.



I actually want to find an even cheaper place.
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#24 Old 02-14-2007, 05:06 PM
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Quote:
Originally Posted by rabid_child View Post

125%



I wish I was kidding.



wow



thats not good.
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#25 Old 02-14-2007, 08:33 PM
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8% of our gross income.

13% of our net income.
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#26 Old 02-14-2007, 08:39 PM
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18% right now
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#27 Old 02-14-2007, 10:43 PM
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My partner and I used to pay 20%. I think the recommended cut off in Australia is 25% of your income so that was pretty reasonable. But now we're lucky enough to not pay any since we moved into a friend's house and she and her partner don't charge us any rent.

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#28 Old 02-15-2007, 04:16 AM
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Quote:
Originally Posted by kill_uncle View Post

wow



thats not good.



rofl. I know.



But it all depends on how you consider income.

I take in about $404/mo. My rent is $500/mo. However, I'm in grad school and I have student loan money, which covers my bills and rent and things. I don't consider student loan money income, it's a loan. You don't have to pay income back.

Rent for my bf (who pays the other equal half every month) is under 25% of his monthly, which makes more sense.

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#29 Old 02-15-2007, 04:23 AM
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Coming from the net of both of our paycheques, it's 17%.



Most of our pay goes to debt reduction.
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#30 Old 02-19-2007, 05:38 AM
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About 7% (I live in rental property I own).
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