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That represents a 9.3% increase from just one year ago.
But, is this age-old rule still relevant?
The reality is that you may need to spend more than 30% of your income on housing.
Here are five ways for Gen Z to save money to put towards housing costs, according to Earnest.
This can include clipping your morning coffee run or to quit buying lunch at the office.
Use the 50/30/20 Budgeting Method
3.
Consider cutting back on your wants to save more money.
Cut Back on Eating Out
Dining out with friends and family can be enjoyable and fun.
However, it also comes at a high cost.
Cancel Unused Subscriptions
There are so many monthly subscriptions that we pay for these days.
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