
Mastering the 30% Rule for Renting in Singapore
This article originally appeared at – https://singapore.feebasedfinancialadvice.com/mastering-the-30-rule-for-renting-in-singapore/ Singapore, with its bustling city life and rich culture, can be a thrilling adventure for Australian expats. But as you’re settling into your new surroundings, it’s crucial to understand the financial nuances, especially when it comes to housing. Today, we’re going to delve into the 30% Rule of Rent, a vital budgeting tool to help you manage your finances effectively. What is the 30% Rule of Rent? The 30% Rule of Rent suggests that you should spend no more than 30% of your net income on housing costs. Why 30%? This threshold allows…