Given a monthly household income of $2,300 and an optimal monthly housing ratio of 32%, what is the client's optimal monthly housing payment?

To determine the optimal monthly housing payment based on a household income and the housing ratio, you need to calculate the amount that corresponds to the set ratio. In this case, the household income is $2,300, and the optimal housing ratio is 32%.

To find the optimal monthly housing payment, you multiply the household income by the housing ratio expressed as a decimal. This means you calculate:

• First, convert the percentage to a decimal: 32% becomes 0.32.

• Then, multiply the household income of $2,300 by 0.32.

So the calculation looks like this:

$2,300 x 0.32 = $736.

Thus, the client's optimal monthly housing payment is $736. This amount is within the recommended limits, ensuring that the client spends an appropriate portion of their income on housing without stretching their financial resources too thin. An optimal housing payment helps maintain financial wellbeing while still providing for other necessary living expenses.