What % of your take home do you use to pay debt?

nowpanicking

Just worked mine out, 42% incl mortgage but 24% excluding... doesn't seem very high compared to some, hmmmm :think:

YORKSHIRELASS

Ours is 25% excluding the Mortgage, 40% including it. We are overpaying slightly but would love to pay more. Cant realistically see where we can tighten our belts any more, especially with the cost of everything being so high at the moment.

May2013

Great thread!! Ours is 44% including mortgage, 33% excluding...sadly my 'tax free pay rise' is a way off yet

Deeperblue

About 36% without and 66% with mortgage. Love the idea of a pay rise when it's all done!

andy40

49% of my income goes to debt repayment

tbourner

Oh yeah mine jumps from 31% to 61% with mortgage payment included! This is just normal debts I was talking about. I haven't included any household bills in that either.

Nottoobadyet

Wow, just worked this out. When I was paying back debt I was paying in 40% of my take home salary, cripes! Now that I'm debt free I've not stopped and have been saving the same amount each month to build up an emergency fund, then I'll chill out a bit

Though I did use that first £750 "pay raise" to fund an amazing holiday to Asia, the best reward that I could think of! Way better than giving up the frugal ghost and letting that money disappear back into day do day spending.

secretshopper75

£1400 out of £3700 so over a 1/3

baxgttdi

Only about 20% now but when I first started repaying properly it must have been nearly 65% :O

mrsb83_2

Nottoobadyet wrote: »

Though I did use that first £750 "pay raise" to fund an amazing holiday to Asia, the best reward that I could think of! Way better than giving up the frugal ghost and letting that money disappear back into day do day spending.

We are definitely doing this - it's both our 30th birthdays 2 months after our projected DFD so we are going to use the 2 months of payments for a special holiday.

After that, we're going to start saving to move and set up our pensions.