What is your debt/net income ratio

[pearlieq]

12.8% of our combined net--just the mortgage.

I have no regrets at all about the student loan debt I took out. College may have been possible without, but it would have taken significantly longer and would have involved staying in a home situation I really needed to leave. The lost income and investment time on those extra years would have easily negated the small amount of interest I paid on student loans.

I also don't get the moral relativism that some people have over debt. I don't know how many times I have heard "Debt is wrong/bad/stupid, except for the kind I had, of course."

[disneysteve]

Originally Posted by pearlieq

I also don't get the moral relativism that some people have over debt. I don't know how many times I have heard "Debt is wrong/bad/stupid, except for the kind I had, of course."

I agree. The "all debt is bad" comments annoy me as much as the "credit cards are evil" ones. Debt is just a financial tool. Used properly, it can help you a great deal. Same goes for credit cards.

[scfr]

Well, the easy answer is zero, but technically I guess we do have debt because:
- We use credit cards. Even tho' we pay them in full each month, the money we have charged we technically owe until it's paid off.
- We pay estimated taxes, which I guess is debt ... "accrued taxes due" or whatever the proper accounting term is.
- Same thing could be said for our electric bill. I currently owe the electric company for however many kwh I have used since I last paid.

Sorry! I'm overthinking again.
Let's just say my debt is zero, shall we?

[disneysteve]

scfr - That's like saying that when I eat in a restaurant, I have debt because I've already consumed the food but haven't paid the bill yet.

[scfr]

Originally Posted by disneysteve

scfr - That's like saying that when I eat in a restaurant, I have debt because I've already consumed the food but haven't paid the bill yet.

Good one! LOL

[disgruntable]

21% net
40% gross

stupid taxes, 401k, etc