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Am I wasting my salary?


I am 23 years old, do you think I am wasting my money or I pay too much money for my flat when my rent accounts for 30% of my gross salary? Do you think I should find myself a flat whereby I can pay less? Maybe pay 20% of my gross salary for rent? I would like to know what percentage of your gross salary do you use to pay for rent or mortgage?

Yes, you are wasting a whole lot of money. Stop renting & buy a home. There is no future in renting you are simply paying the landlords mortgage for him. 20% is reasonable .

definitely yes!you are wasting money paying too much for your flat where you can find much cheaper with that.

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