What I'm Doing...

Income to Debt Payments

How much of your income is dedicated to debt payments?

Moneywinks noted tonight that the average American 35 and under spends 20% of their income on debt payments, and thinks it’s too much. Know what I have to say to that? It’s not enough!

If I were to only make minimum payments, and ignore all of my debts that don’t have regular payments, 49% of my income would be going to debt right. However, because I choose to tackle my debt head-on, I devote almost 75% of my income to paying off debt!

So, how about you?

Popularity: 16%

3 comments to Income to Debt Payments

Leave a Reply

 

 

 

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>