Question: what percentage of your paycheck goes to rent?
Answer: That said, a good place to start for figuring out what you can afford is to use the 50/30/20 rule. This is a budgeting plan where you: Set aside 50% of your after-tax salary for 'needs', such as rent, food, bills and other unavoidable spending. 30% for fun spending - such as clothes, nights out or hobbies.