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Debt V Salary - what's yours?

24567…11

Comments

  • laurajayne
    laurajayne Posts: 629 Forumite
    Mine, with the car is about 35% :eek: (Long story about why it's seperate - short bit is I'm buying it off my dad monthly, I'm in no 'debt' for it IYSWIM...probably not lol)

    Without the car 11%. Much nicer lol.
    :cool: Proud DFW Nerd 135 :cool:
    Sealed Pot Challenge - 019
  • Bobbino
    Bobbino Posts: 39 Forumite
    43.5%...so not bad, and payrise in december too (hopefully a large one as it marks the end of my probation period!)
    Debt at Highest: £9,370.34 || Current: 9,370.34
    Vodafone: £182.66 || Mint: £8.50 || GE Money: £4170.18 || 3: £59.00 || Orange: £200 || Parents: £4,750
    'Proud To Be Dealing With My Debts'
    DFW Nerds Member Number: 756
  • Snaggles
    Snaggles Posts: 19,503 Forumite
    Ours is about 15% of our joint income.

    Just thought I would quickly add as well - I work as an underwriter, and in general my employers would class 50-60% of your annual salary as a 'reasonable/affordable level of borrowing' (obviously a large number of other factors are taken into account too). Not saying I agree or disagree with this, but just thought it might be of interest .
    "I wasn't wrong, I just wasn't right enough."
    :smileyhea
    9780007258925
  • mcmanlyn
    mcmanlyn Posts: 422 Forumite
    Wow mine's only 43% (not that tha'e particularly good but I really thought it's be much worse!!)

    Lx
    Wondering how to have a life & not rack up more debts...
  • Snaggles
    Snaggles Posts: 19,503 Forumite
    Newlywed - debt divided by salary x 100. I think... :o

    Edit - sorry, I though you asked for the formula......I think I'm imagining posts now!! :eek:
    "I wasn't wrong, I just wasn't right enough."
    :smileyhea
    9780007258925
  • mcardinalblue
    mcardinalblue Posts: 85 Forumite
    Currently around 73% but when I first started it was a tad over 100% :eek:

    Cheers

    MCB
    LBM July 2006 debt 1st August 2006
  • southernscouser
    southernscouser Posts: 33,745 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Snaggles wrote: »
    just thought it might be of interest .

    Not really. :undecided

    Only kidding hun! :p

    It is interesting actually. Makes you wonder why they then allow people to borrow upwards of 150% of your income! :confused:
  • MinniMe_2
    MinniMe_2 Posts: 1,611 Forumite
    WOW this was a really good idea! mine is 20% (not including my mortgage!)
    New surname New start!
    Total Debt - [STRIKE]£9999.09 [/STRIKE]now 7633.16 23.66% paid off
  • dearbarbie
    dearbarbie Posts: 566 Forumite
    About 8% at a guess on my basic...
    :A
  • newlywed
    newlywed Posts: 8,255 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Snaggles wrote: »
    Newlywed - debt divided by salary x 100. I think... :o

    Edit - sorry, I though you asked for the formula......I think I'm imagining posts now!! :eek:

    Yeah I did ask, but then I found a brain cell lurking in there somewhere ;)

    Cheers. :D
    working on clearing the clutterDo I want the stuff or the space?
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