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re: Are you average?

Posted on 5/15/23 at 7:16 pm to
Posted by X123F45
Member since Apr 2015
28742 posts
Posted on 5/15/23 at 7:16 pm to
quote:

Average Person (if they have these)

House payment- ~1600
Credit card debt ~6000
Car note ~700
Salary ~60,000


Double.
An amex loan for 17k (lower interest than a home improvment loan.
None.
Double.
Posted by Townedrunkard
Member since Jan 2019
12002 posts
Posted on 5/15/23 at 7:19 pm to
quote:

seriously doubt this is average. If you made only $60K, you'd never get approved for a $250K+ house and a $40K car, and if you did, it would be nearly impossible to pay for it. it's basically $3k a month for those two when you include insurance, electricity, water/sewer, phone, internet, etc.


I wasn’t making much more than that and got approved for a house that was 215k ten years ago. My note with insurance and taxes is now over 1500 a month. I’m a single parent one income household, and paying two car notes around $800 a month. I have a credit card with 16k on it. But I’ll pay it off this month so I won’t have to pay interest on it.
Posted by NewIberiaHaircut
Lafayette
Member since May 2013
12062 posts
Posted on 5/15/23 at 7:33 pm to
Below
Below
Below
Above
Posted by DVinBR
Member since Jan 2013
14619 posts
Posted on 5/15/23 at 7:39 pm to
House Payment: below
Credit card debt: none
Car Note: well below
Salary: well above

it's a pretty comfortable financial life living well within your means
This post was edited on 5/15/23 at 7:40 pm
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