How much should I spend on transportation?
How much should I spend on transportation? It is generally recommended that you cap transportation expenses at 10% of your monthly income.
Is the 30 rule outdated?
Your monthly income. If this number feels unrealistic in your housing market, that's because the 30% rule is actually pretty outdated—it originated in 1969, and hasn't been updated since. It also doesn't hold up at especially high or low income levels.