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re: What percent of your Net Income goes to your mortgage?
Posted on 5/8/19 at 3:44 pm to Not Cooper
Posted on 5/8/19 at 3:44 pm to Not Cooper
I know Dave Ramsey says no more than 25% of take home pay per month. Ours is just under 20%.
2
Posted on 5/8/19 at 3:46 pm to fightin tigers
Oh,I see. What is this rent that you speak of?
Posted on 5/8/19 at 3:47 pm to Areddishfish
7%. I like to live beneath my means.
Posted on 5/8/19 at 3:49 pm to Not Cooper
I believe the rule of thumb is 28% of gross
Posted on 5/8/19 at 3:53 pm to ellunchboxo
quote:
About 25% by spitballing.
between the wife and I that's about right.
Posted on 5/8/19 at 3:57 pm to 777Tiger
quote:
Oh,I see. What is this rent that you speak of?
That's the stuff your buddy pays so you will have a couch to crash on.
I knew you pilots didn't make much, but damn.
Posted on 5/8/19 at 3:57 pm to redneck hippie
Ballpark 20-25.
Posted on 5/8/19 at 4:02 pm to Not Cooper
0%
Posted on 5/8/19 at 4:03 pm to fightin tigers
Just funnin’ with you whippersnappers. Whoever said live within or beneath your means speaks the truth. I’m older, but haven’t had a car or house note in years and it’s awesome. 
Posted on 5/8/19 at 4:04 pm to Not Cooper
14% gross, 21% net to mortgage, hoa, insurance, property taxes, and escrow.
This post was edited on 5/8/19 at 4:10 pm
Posted on 5/8/19 at 4:07 pm to LSUintheNW
quote:
Message
What percent of your Net Income goes to your mortgage? by LSUintheNW
OT Ballers pay straight cash
Not when the bank will loan you money under 4%.
Posted on 5/8/19 at 4:07 pm to 777Tiger
quote:
Just funnin’ with you whippersnappers. Whoever said live within or beneath your means speaks the truth. I’m older, but haven’t had a car or house note in years and it’s awesome
I did that for a while myself. Then realized that saving pennies and not enjoying what I have worked so hard for is a crime.
To each their own. Some people get joy from seeing how high they can get a bank account they will never spend.
Posted on 5/8/19 at 4:09 pm to Not Cooper
5.8%
Posted on 5/8/19 at 4:20 pm to Not Cooper
23%, including insurance and taxes.
Posted on 5/8/19 at 4:20 pm to fightin tigers
quote:
Then realized that saving pennies and not enjoying what I have worked so hard for is a crime.
It’s not that you don’t enjoy the fruits of your labor, it’s just how you enjoy them.
I’d much rather have a modest house with easier upkeep and maintenance and spend more of my money on travel and life experiences.
Posted on 5/8/19 at 4:20 pm to fightin tigers
Don’t know how you interpreted that from what I said. I like having it and spending it 
Posted on 5/8/19 at 4:22 pm to Not Cooper
101%, so I can go broke slowly but in style.
Posted on 5/8/19 at 4:22 pm to Not Cooper
17%
Posted on 5/8/19 at 4:24 pm to 777Tiger
quote:
Don’t know how you interpreted that from what I said. I like having it and spending it
I just assumed you were bad with money. You should be able to lock in a rate at or near inflation. No reason not to.
Posted on 5/8/19 at 4:24 pm to Not Cooper
0$
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