Question

A good rule of thumb is to limit installment payments to ____________ of your net (after-tax) income.

Answer 1

A good rule of thumb is to limit installment payments to _____20%_______ of your net (after-tax) income.

Step-by-step explanation:

A rule of thumb is based on experiences and not facts and figures. So limiting installment payment to 20% of your net income is good. This will allow you save up some money.