What is your debt/net income ratio

[Ima saver]

The only debt I have is my husband's newest car and I could pay that off at any moment. The payments are probably under 10% of our monthly net income.

[skydivingchic]

21% of net
11% of gross

Only debt is the mortgage.

[LivingAlmostLarge]

22% of gross
56% of net, I think we have a lot in deductions, 401k, ESPP, and auto savings. We bring home less than 50% of our income because of taxes and savings.

[disneysteve]

13% of my net, not counting my wife's income.
8.7% of my gross.

[meatloafkend]

About 29%

[Diolla]

Mine was 8% this year including the mortgage
0% without

[Fern]

24% of net.

[sofocused978]

41 % Net/ 25% Gross

Not including rent or insurance.

[Joan.of.the.Arch]

We're almost the same as skydivingchic.

21% of net
10% of gross

[PauletteGoddard]

My debt/net income ratio:
10% of gross
14% of net

[Troyrb]

around 24% of net

[Seeker]

The only debt I have is my husband's newest car and I could pay that off at any moment. The payments are probably under 10% of our monthly net income.

Ditto this; we've finished off the education debt and the mortgage debts. All we have left is his car payments (which should be done by the beginning of next year).

[disneysteve]

The only debt I have is my husband's newest car and I could pay that off at any moment.

This is true of us, too. As I said, our only debt is our mortgage and HEL but we could pay those off from savings any time if we wanted to.

[Seeker]

Ditto this; we've finished off the education debt and the mortgage debts. All we have left is his car payments (which should be done by the beginning of next year).

We're doing this from income. Trying not to touch savings... but a root canal sorta postponed our before the end of the year plan for this.

[Joan.of.the.Arch]

Wheee! Glad you asked this question, as it made me think again.... and calculate again. I had forgotten that a raise became effective last month so I now figure 16.6% of net.