over 75% of the circle
Paula created a monthly budget. A pie graph shows a clear picture of where her money is spent. How much of the circle would be shaded for the total of housing, utilities, food, and insurance?
When you are looking for low-income housing, don't forget to ask about the cost of utilities and whether or not they are included in the monthly rent amount. Some landlords include the cost of utilities such as electric and heat in the monthly rent bill, while others require that you pay your own utility bills in addition to the cost of rent.
over 75% of the circle.
over 75% of the circle.
The ratio of monthly housing expense to monthly income is calculated by dividing the total monthly housing costs (including rent or mortgage, property taxes, and insurance) by the gross monthly income, then multiplying by 100 to express it as a percentage. A common guideline suggests that this ratio should ideally not exceed 30%, meaning that no more than 30% of your gross income should go toward housing expenses. This helps ensure that individuals have enough remaining income for other essential expenses and savings.
As of 2007 (according to the American Housing Survey), the median monthly housing cost was $755 (including rent, utilities, garbage/trash collection). $755 represented 33% of income for those renting in 2007.
To determine the percentage of the monthly budget that the Reed family spends on utilities, you'll need to divide the total amount spent on utilities by the total monthly budget and then multiply by 100. For example, if the family spends $200 on utilities and their total budget is $2,000, the calculation would be (200 / 2000) * 100, which equals 10%. Thus, 10% of their monthly budget is spent on utilities.
306
Monthly costs associated with living in a home, such as rent, utilities, and bills, are collectively known as housing expenses or living expenses. These costs encompass all necessary expenditures required to maintain a household. It's important for individuals to budget for these expenses to ensure financial stability.
$68.00
A monthly Insurance Policy is a type of insurance policy that expires Every Month, there is no grace period.
My monthly money expenses include rent, utilities, groceries, transportation, and other necessary bills.