It's a good rule of thumb to never put more into your home than 1/4th your monthly income. If utilities are included then it's easier to spend more.
I assumed with the price range you were mentioning that there was a lot more income. Insurance, Food, Utilities, Transportation costs are usually more than 500 a month for households. And that doesn't include credit/loan debts.
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Date: 2011-08-14 03:21 am (UTC)I assumed with the price range you were mentioning that there was a lot more income. Insurance, Food, Utilities, Transportation costs are usually more than 500 a month for households. And that doesn't include credit/loan debts.