In order to calculate the percentage of net monthly income budgeted for housing, we need to know the amount budgeted for housing expenses. Once we have that information, we can use the following formula:
Percentage of net monthly income budgeted for housing = (Budgeted housing expenses / Net monthly income) * 100
Without the specific amount budgeted for housing expenses, we cannot calculate the percentage.
net monthly income is $65,000
1. What percentage of your net monthly income is budgeted for housing
1 answer
1 answer