MY RENT AND COLLEGE LOAN IS TAKING OVER 70% OF MY MONTHLY INCOME
Q. I am sharing a two bed apartment with a friend and while she is on a half decent income, I am not. I read where you said your monthly financial commitments should not exceed more than 35% of your net monthly income. My own rent accounts for 45% but I also have a college loan that takes another 25% of my income. How is one supposed to live, have some kind of life and save for a home deposit. I really don’t know what to do. I’m single aged 32, 3rd level qualified with a current salary of € 37k and dejected. Any advice ? Louise – Galway