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What is your unsecured debt as a % of income?
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220% + 410% mortgage.
wheres the rope lol0 -
This is a very good question. Me and DH trying to sort out our debts together so our debt as a percentage of our joint net salary is 37%!!! Gosh put like that its very scary. I'm with monicamj, this is going on my spreadsheet! Yet another motivator, Thanks Million Percent.*Official DFW Nerd #1368 - Proud to be dealing with my debts*
*Debts at LBM (11 Jan 2011): -£16400.62* Currently: -5948.68 (64% paid )*4 CC and 3 OD*
Current DFD: [STRIKE]Oct 2012[/STRIKE] May 2012 :eek:0 -
Well my income fluctuates, but based on last year's annual income it's about 33%!! I need a better job!0
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Mine's 19.87%Debt-free day: 8th May 2015 "Remember that sometimes not getting what you want is a wonderful stroke of luck," Dalai Llama0
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56.86%!!!
Was 66.66% in January 2011. Aiming to be at 0% in 145 months time!start = Wed 19th Nov 2008 £21,225
end = Mon 28th Sept 2015 DEBT FREE!
I love a good plan - it may not work.... but I love a good plan!0 -
Car - 11.5k
Furniture - 1500
Camera - 300
Student loans - 14k
Total with student loan:27,300k = 47%
Without student loan: 13,300k = 23%
This is either a ridiculous measure of debt or has scared the hell out of me......just cant decide which.
We manage to save about £1500 a month so the 47% does not appear to be reflective of our financial circumstances.
The % question the OP asked is floored as it does not take into consideration interest rates and other variables. e.g. Student loan is 1.5% interest, furniture and camera is 0%. Therfore I am better off keeping this money in my savings rather than hitting the debt.
Secondly the car is £202 per month, OH step dad works for citroen so we got a 15.5k car for 11.5k. When we sell in 3 years its worth say 6k which means actual debt is only 5.5k. Take into consideration no breakdown expenses as its new also reduces this further.
For me the % question is floored as it does not take into account many different variables. Not sire if I have explained my point well enough but i hope you catch my drift. However.....debt is debt!Mortgage overpayment01/05/11 - 31/12/2011£5000/£7000End of 2012 target£84000 -
58.6% :eek::eek: (couldn't face rounding it up to 59%)
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At worst mine was about 200%. Huge! That was in 2005. It went below 100% in September last year - that was a significant day for me. Debt free day is 2016.DMP mutual support thread member 3730
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i'm 25 and my unsecured debt takes 50% of my monthly wage.0
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