Hello,

Join Fatuma's Voice, Sign Up to get started!

Welcome Back,

Join Fatuma's Voice, log in to continue.

Forgot Password,

Lost your password? Please enter your email address. You will receive a link to create a new password via email.

Sorry, you do not have permission to ask a question, You must login to ask a question. Please subscribe to paid membership

Please briefly explain why you feel this question should be reported.

Please briefly explain why you feel this answer should be reported.

Please briefly explain why you feel this user should be reported.

Fatumas Voice Latest Questions

  • 2
  • 2
Don 'Caleb' Nyagudi
Nyati

What percentage of your gross monthly income do you spend on your house costs (Rent)?

Don’t spend more than 1/3 of your gross monthly income on house costs( Rent). For instance, if you earn a gross of KES 30,000 in a month, spend KES 10,000 or less on your rent. The rest should be directed to consumption spending and saving.

The 30% rule was first established by the USA government in the 1960s as part of public housing regulations.

Though flawed ( doesn’t account for inflation and rising rent prices) experts upto today think that it’s a reasonable benchmark and advise people to follow it.

Related Questions

You must login to add an answer.

Best Answer

    3 Her Answers

      1 Him Answer

        1 Answer