How much of my income should I be spending on rent?

Take home 3k after CPF, still have student loans to repay

Discussion (3)

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Yong Kah Hwee

21 Oct 2018

Depends on where you'd like to stay. Less than $700 a month seems like a good number to start. Can get much lower if you choose to share rooms/share apartments with a group of people.

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Yong Zheng

21 Oct 2018

Market rate now for a bedroom is around $500-$650, best is to get the lowest so you won’t be taking too much of your income to pay for rent.

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Hariz Arthur Maloy

21 Oct 2018

Independent Financial Advisor at Promiseland Independent

20% max. If you can, Co share an apartment. ...

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Am I spending too much on insurance? I am currently 24 years old with an income of 2,200 (inc CPF), I am not sure if the policies I own are 'too much'? I am easily persuaded by my agents?

Am I spending too much on insurance? I am currently 25 going on 26 with an income of around 4,200 (inc CPF), I am not sure if the policies I have are too much?

I'm 26F with 4.8k income (after cpf). Am I spending too much on health insurance and am I sufficiently covered? Currently only have 1 dependent (parent). Any advice?

I'm 25F with 3.3k income (after cpf). I have claimed prushield +extra twice (over $50k) as underwent major surgery under private clinic. I'd like to know if I am spending too much on insurance.?

How much should you spend monthly on insurance based on your income?