Wait. So include total debt w/ mortg but only divide by monthly income? Sure that’s what you want? Maybe on payments?

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Jan 30, 2023
3:48:19pm

Soupie Grandma Sycamore

Wait. So include total debt w/ mortg but only divide by monthly income? Sure that’s what you want? Maybe on payments?

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Soupie

Bio page: Soupie
Joined: Dec 29, 2015
Last login: Apr 30, 2024
Total posts: 96,134 (31,139 FO)

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Messages

Author

Time

POLL: How much consumer debt have ye currently?

Skeptical Optimist

1/30/23 3:45pm

If you can pay off your mortgage but choose not to, is it really debt?

Baron

1/30/23 3:47pm

Wait. So include total debt w/ mortg but only divide by monthly income? Sure that’s what you want? Maybe on payments?

Soupie

1/30/23 3:48pm

Edited to be more clear. Monthly debt payments as % of total monthly income.

Skeptical Optimist

1/30/23 3:51pm

That makes more sense. Probably a big function of age/stage in life at play.

Soupie

1/30/23 3:54pm

This won't work either. Most people simply don't consider mortgages to be consumer debt.

kccougar

1/30/23 3:48pm

Percentage of monthly gross? If you are including mortgage, the percentages you have as options don't really make sense

1/30/23 3:50pm

RE: Percentage of monthly gross? If you are including mortgage, the percentages

Skeptical Optimist

1/30/23 3:52pm

What about rentals that cash flow positively

kotacoug

1/30/23 4:02pm

I just used the positive cash flow as the income number and did not include the

Superman21

1/30/23 4:10pm

I would consider that business debt rather than consumer debt.

kccougar

1/30/23 4:39pm

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