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Josh-D. S. Davis

Xaminmo / Omnimax / Max Omni / Mad Scientist / Midnight Shadow / Radiation Master

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Money stuff
Josh 201604 KWP
joshdavis
Without searching the web first, just give me your gut reactions.
I'm not asking for what you *have* done or what your levels *are*, just what you think is ideal.
DO NOT provide your actual financial status. This is a public post, and comments are not screened.

This was prompted by seeing the national debt as compared to GDP, and just got me wondering what people think, when they're not reading Google.

What income percentage do you feel is acceptable to put towards housing (excluding utilities, repairs, decorating, home goods, etc)?
What income percentage do you feel is acceptable to put towards transportation (public transport costs, car payment, car rental, insurance, fuel costs)?
What income percentage do you feel is acceptable to put towards education loans?

What do you feel is an acceptable total monthly debt repayment to monthly income ratio?
What do you feel is an acceptable total debt to yearly income ratio?

What's an ok repayment term for car loans (you can say zero)?
What's an ok repayment term for student loans?
What's an ok repayment term for general loans and/or revolving debt?

How many months worth of income is an appropriate amount to have saved up, excluding retirement?
How far into debt is OK to make up for having no reserves?

At what point in reserve depletion or debt accumulation should someone consider cutting expenses?
At what point in reserve depletion or debt accumulation should someone consider finding cheaper housing?
At what point in reserve depletion or debt accumulation should someone consider finding cheaper transportation?

What is an percentage of national debt as compared to yearly GDP?

*END*

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I'm pleased and amused with "all variations of '0'"

And yah, I'm along the same views.
3958 semimonthly
2436 net

39% goes to tax, retirement, medical, and medical savings.
39% goes to housing (mort, tax, ins, hoa) and that's a little high.
2% to cars (insurance, repairs) but I haven't worked out gas. Depends on who drives what car.

This is still a little tight. I'd like housing to be under 30%, but my earnings are lower since 2008.


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