Debt V Salary - what's yours?

mookybargirl · 1 November 2007 at 2:26PM

I've(We've) got a few debts over the last year aftering buying our 1st house. The numbers always look a little scary to me, but I worked out that our debt is equal to 39% of our annual income.

I wondered what everyone else's is. What's your debt as a %age of your annual income?

immoral_angeluk · 1 November 2007 at 2:28PM

Well considering my personal income is 0 except for tax credits and that kind of malarky....... :rotfl:

supersavershal · 1 November 2007 at 2:29PM

ours is a shocking 75%.

Chaddee · 1 November 2007 at 2:31PM

At its worst mine was 22% but now it's only 2%, woohoo! So nearly there...

nicola1982_2 · 1 November 2007 at 2:32PM

Collectively I think ours is 65%

As an individual mine is 87%!

southernscouser · 1 November 2007 at 2:33PM

When I first joined here mine was 163%. :eek:

Now it's about 55%.

izzybusy23 · 1 November 2007 at 2:40PM

As joint salaries go our debt to annual income is approx 25%.

If I was to do it on my own salary, then my debit is approx 12.5%... so overall not too bad.

I am hoping to have my small bit of debt finished by June 2008.

mookybargirl · 1 November 2007 at 2:46PM

immoral_angeluk wrote: »

Well considering my personal income is 0 except for tax credits and that kind of malarky....... :rotfl:

Put your benefits etc together. Money is money after all..

Dr_Hook · 1 November 2007 at 2:51PM

Eep! Mine's 95% It was 104% back in April :shocked:

It's a bit better at 57% if based on total household income.

Shineyhappy · 1 November 2007 at 2:52PM

My debts come to about 64% of my salary but if I included my rent money its 49% that includes my mortgage as most of the debt is there but not my living expenses which leaves me about 350 a month to play with, er I mean pay off debts!