Anonymous wrote:40% of net. I thought the rule was for gross. We are 25% of gross.

Yeah, but that rule is what gets people in trouble. 40% of net is a lot. What would happen if one or both of you lost your jobs?

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.

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.

Anonymous wrote:50% gross

whoa

25% of net

50% net.
30% gross.

About 35% net.

~17% of gross, which comes out to 30% of net.

50% gross

10% of gross.

21% of gross. About 45% of net. Including condo fee.

Anonymous wrote:eh, it's hard to use any guidelines off of net. Most guidelines you see are something like 28-33% of gross for mortgage and no more than 36% max for all debts. Net changes dramatically for individuals depending on tax witholdings, health care costs, retirement contributions, etc etc etc.

+1. Not sure why people are posting in net.

We are at 21% of gross.

20% of net.

eh, it's hard to use any guidelines off of net. Most guidelines you see are something like 28-33% of gross for mortgage and no more than 36% max for all debts. Net changes dramatically for individuals depending on tax witholdings, health care costs, retirement contributions, etc etc etc.

20%