this post was submitted on 03 Mar 2025
13 points (100.0% liked)

Personal Finance

4089 readers
24 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 2 years ago
MODERATORS
WandererLagomorph799@lemmy.ml
nieceandtows@programming.dev
nieceandtows@lemmy.ml
13
what's the easiest way to see if I can afford to move out? (kbin.earth)
submitted 17 hours ago by strawberry@kbin.earth to c/personalfinance@lemmy.ml
15 comments fedilink hide all child comments
 

I can easily find things like rent, internet, insurance prices, but how do I find things like grocery prices? I honestly don't even know what an average grocery list might look like, are there resources to help with this? my gf and I are looking into moving out, and assuming a monthly income of ~4400 USD and rent being 500 USD, I think we should be okay, but I need to be 100% that we won't be barely scraping by or anything. thank you everyone

you are viewing a single comment's thread
view the rest of the comments
[–] HubertManne@moist.catsweat.com 3 points 16 hours ago (2 children)

in the olden days it was 1/3rd your income but that rule does not work in todays housing prices.

[–] strawberry@kbin.earth 2 points 15 hours ago (1 children)

I thought housing was supposed to be 30%

for us it would actually be close to 20%

[–] HubertManne@moist.catsweat.com 2 points 15 hours ago

holy crap 20%. I actually do a third and consider myself to have a nice housing deal for my area.

[–] deegeese@sopuli.xyz 1 points 15 hours ago

The classic advice, which is still good today, says to spend no more than 1/3 of pretax income on housing.

The poor often spend a lot more than 1/3 on food, and the rich never do.