Looking at the average beginning salary for a college graduate and how that relates to what you can afford is an important step in life. Looking at a specific scenario of gross income equaling $48k and then showing what typically will reduce that income providing you with your actual take-home pay, will help you determine what you can spend. Looking at typical percentages of mortgage debt, it may be best to house hack or work to increase your income in order to hit the right percentage without having too high of a percentage going to housing.
Margin Membership Sign-up: https://millennialmargin.com/learn/
How are your finances doing? Take the quiz: https://i2tvdm52vbg.typeform.com/to/YFcT68CW
Jared created Millennial Margin out of necessity, as he has watched countless people schedule-away, mortgage-up, and max-out their lives. Margin is simply the antithesis, providing leeway in an increasingly margin-less culture.
Subscribe for daily tips and discussions about how to better manage your personal finances and, by extension, your margin.
Listen to the podcast: https://margin.simplecast.com/
Have a question? Contact Jared at jared@millennialmargin.com
Follow Millennial Margin: facebook.com/millennialmargin, instagram.com/millennialmargin1, or simply visit millennialmargin.com
Goal/Disclaimer: My goal with [Margin] is to prepare you with the knowledge but then inspire you to act on that knowledge. My goal is to be in your corner bridging the gap between your trusted CPA, attorney, and financial planner. My advice is simply from my own personal experiences and is not meant to override or replace professional advice from your trusted investment professional. The content found here is for entertainment purposes only.