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Reply to "What percentage of your take home do you spend on your mortgage & tax every month? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][b]I post in net because I only budget off of the money I can actually use to pay bills. We don't see the money we pay toward health insurance or into a couple of our retirement funds in our band account. [/b] Our mortgage is about 30% of our monthly take home. It is tighter than I would like, but we manage. We had to cut some of our savings last year when I was cut back in hours last summer because of a dry spell for my company, but we were able to make our mortgage on just my DH's salary.[/quote] +1 to this. You are smart PP.[/quote] But it makes it impossible to compare what you're paying to others, so what's the point of this post? Someone can pat themselves on the back for being at 15% of net, but if they aren't netting out any retirement, any health insurance, etc. then I would say they are financially unsound.[/quote] I think the point of PP's post was that s/he is funding health insurance and retirement funds, as am I, and was basing her mortgage amount on what was comfortably left in her budget. Pretty sure we are both financially sound in that respect. [/quote]
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