T.J. Williams, CFS®, Regional Vice President and Financial Advisor was featured in the Bloomberg article “How to Handle Surging Rent: Budget Guide for Recent College Graduates.”
The answer varies based on where you live, but T.J. Williams, Regional Vice President at Wealth Enhancement Group, recommends spending no more than 28% of your monthly gross income on rent.
“Once you lock in that lease, you have a fixed expense, regardless what happens to your income,” he said.
Access the full article here.
