View Full Version : If you have a mortgage....


Sara Noel
01-04-2004, 02:28 PM
is it the recommended 35% of your household income?
Ours is not. Our mortgage is a bit higher, but I am hoping that changes in the near future with Gabe's possible raise come March.

guest2
01-04-2004, 02:29 PM
I'd say ours is a bit higher, but not much.

mrscornbread
01-04-2004, 02:31 PM
Now that dh is back to work we are doing good there too.

Sara Noel
01-04-2004, 02:31 PM
We just bought our house and have PMI. Once the PMI is gone and a possible raise...we should be on target.

Here are some percentage guides for food for thought.

Housing- 25-38% (this includes utilities etc)
Savings- 5-10%
Food- 10-15%
Auto- 10-15%
Insurance- 3-5%
Debts- 0-10%
Entertainment- 4-7%
Clothing- 4-7%
Medical- 4-6%
Misc- 4-8%
School/childcare- 0-15%
Investments-0-10%

I'm proud of where we are, but seeing recommendations really puts some things into perspective for me.

KKCondrey
01-04-2004, 02:40 PM
I think we are about on track with our mortgage.

Michelle
01-04-2004, 02:42 PM
Yes, ours is currently at 22%

SewCrafty
01-04-2004, 02:56 PM
Ours is 17%.

Mom23boys
01-05-2004, 12:38 AM
Ours is on track. No problem in that area.

Lori Biever-Launder
01-05-2004, 02:02 AM
Ours is below that, but I am guessing on the amount. I THINK (PMI) is about 30% of our gross.

MANDERS
01-05-2004, 03:06 AM
OUrs is 28%