% of Take Home for PIMI

[Deleted]

We are around 30%ish. Our take home is net of all of our retirement saving and health care.

[flygirl22]

About 25%.

[Deleted]

Ours is 15-20% (income varies from month to month). It is perfectly comfortable. It will be a lower percentage once I start getting paychecks from my new job (I haven't calculated what my take-home will be after maxing my 403(b)--whoop whoop!)

It was 28% when we first bought the house. We were a little stretched, but we knew that with both of us in training, our income would only go up.

[HoneySpider]

Ours is about 25%....we're comfortable with that, and we've been paying extra on it every month pretty much from the start

[fbf2006]

Aug 7, 2012 10:59:23 GMT -5 yellowbrkrd said:

Aug 7, 2012 10:28:39 GMT -5 noodleoo said:

ETA: for those who are 20% or less, what do you do with all the extra money? I wish we had that available...

We make payments on our student loans....

Same here. Ours is 16%, going up to 21% soon (we rent in a HCOL area). Our student loan payment is 18%, 36% with the extra payments we make monthly.

[hbear]

35% in a HCOL.

We have no other debt. I wish it were lower, but it's comfortable for us.

[lanyac]

Our PITI is about 35%, but when we rented, we were at 40%. I get paid shit, lol.

[Deleted]

21% and that is making 2 extra principal payments each year. I'd be comfortable moving up to 25% but not much more because we'd be giving up other things/goals.

[Rachael070707]

We are just about at 21%. The majority of the rest goes to SL debt, infertility treatments and renovations. Well, to be honest, since April we've stopped IF treatments for now so we've been really bad and have been blowing through it living life (if I try to justify the mindless spending). With us planning to sell in a year, we'll be putting all that money into the house I'm sure.

[birdmom]

27%. I'm comfortable with this, but would like for it to be a little lower.

[BNL2]

18%

Our extra money goes toward debt and paying tuition for DH so we can avoid more debt.

[M]

5% for rent. 7.5% if you include the vacation home that we just added. When we eventually buy, it will probably stay around the same. Ours is low only because we don't really need/want a bigger house. We have to live conservatively anyways since our income is volatile. Left over money after all bills are paid goes into investments to grow more.

[WOT?*]

We're about 25% but that's paying above minimum and averaging out paychecks.

[jewel]

We're at 26%, which feels very comfortable. It will go down a bit next year when we can get rid of the PMI.

No other debt, no kids yet. We have 25% going into savings for a downpayment on our next house. The rest is spent on home remodeling, vacations, hobbies, etc.

[Deleted]

16.8% for a typical month (our income fluctuates)

It is very comfortable for us, and when our cars are paid off, we can roll those payments into our mortgage. If we are able to do this successfully, we'll have our house paid off in 2020. Holy crap!