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Percentage of debt v wages query
Sassers
Posts: 1,303 Forumite
Hello everyone :wave: Please can you help me with some advice if poss?
...I have decided to get back in the swing of DFW again for 2008 and have been catching up with threads and posts over the last couple of days....
At the bottom of a lot of peeps signatures there's a calculation saying how much percentage they've paid off their debt.. and another one saying how much percentage debt v wages...
I've looked in the snowball calculator and can't see a thing to do these calculations (unless I'm having another stoopid moment - they occur quite often
).
Really gratefull if anyone can help :T
Take care everyone....
love Sassers xx
:A
...I have decided to get back in the swing of DFW again for 2008 and have been catching up with threads and posts over the last couple of days....
At the bottom of a lot of peeps signatures there's a calculation saying how much percentage they've paid off their debt.. and another one saying how much percentage debt v wages...
I've looked in the snowball calculator and can't see a thing to do these calculations (unless I'm having another stoopid moment - they occur quite often
).Really gratefull if anyone can help :T
Take care everyone....
love Sassers xx
:A
Current debt and mortgage: £25, 820.35 Debt/Mortgage at start: £92,598 (27/09/2010)
DEBT FREE!
DEBT FREE!
0
Comments
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Hi Sassers,
The way I worked my % paid out in excel was:
%paid = 100 - (current debt/original debt *100)
For debt v wages you could do (current debt/annual net wages)*100
maybe folks use their gross wage though - I'm not sure.Mortgage OP 2026 £640/2000Mortgage balance: £32,222
Make £50 a month Jan £20, Feb £0, March £31, Apr
Boiler fund £1981/30000 -
theres a calculation for working it out - anyone know! Am rubbish at maths...Nerd no 109 Long haulers supporters DFW #1! Even in the darkest moments, love and hope are always possible.0
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