bwaysinger- i have so many friends in financial crisis because they spend that 80% of their paycheck on rent. Then they wonder how I have a savings account and investments.
I pay around 20% of total income on rent, and yes, i could afford a nicer place in Manhattan, but I happen to like seeing my bank account grow (not to mention paying for voice/scene study/etc.).
http://preppylife.tumblr.com/