Introduction to Financial Planning: Everything I need to know!

Introduction to Financial Planning: Everything I need to know!

ByAxcess Rent

What is Financial Planning and Why is It Important? Financial planning is a comprehensive process that involves setting clear financial goals, creating a budget, managing debt, saving for emergencies, investing for the future, and planning for retirement. It’s essentially a roadmap that guides you towards your financial objectives.    Why is it Important? Overview of Key Financial Planning…

Rent-to-Income Ratio: What it’s and why it’s important?

Rent-to-Income Ratio: What it’s and why it’s important?

ByAxcess Rent

The Rent-to-Income Ratio: A Financial Guide The rent-to-income ratio is a fundamental metric in housing finance, measuring the percentage of a person’s income allocated to rent. It serves as a crucial benchmark for both tenants and landlords. Definition: The rent-to-income ratio is calculated by dividing monthly rent by gross monthly income. For example, a $1,200 monthly rent on a $4,000…