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Asked by Erica_Smerica at 9:55 AM on Aug. 26, 2010 in Money & Work

Level 28 (34,798 Credits)
• LOL...I totally got my percent a completely different way. I know 10% of my income is \$123.86 and that 3x's is 371.58, so, I knew \$350.00 is almost 30%. The whole divide then multiply by 100 would have been easier.

• 20% maybe?

Answer by Scuba at 9:58 AM on Aug. 26, 2010

• with one income, easily 40%.

Answer by Zoeyis at 9:59 AM on Aug. 26, 2010

Answer by BambiF at 10:06 AM on Aug. 26, 2010

• At the moment well over all of it. Neither of us is working, so every penny we get is going for rent and utilities.

Answer by SabrinaMBowen at 9:57 AM on Aug. 26, 2010

• Uh...I pay \$200.00 for my house and \$150.00 for lot rent. So...\$350.00. I bring home \$1238.62/month. So, almost 30%. Right?

• 16% goes to the mortgage; If I included the \$200 for the escrow (taxes and homeowners insurance) we pay every month then our monthly bill for the house: mortgage, taxes, and homeowner insurance is at 25% of our income.

And BrandenIsMySon, yes that is almost 30%. It's actually 28.3 percent if you want the exact. :)

Answer by SAHMinIL2 at 10:18 AM on Aug. 26, 2010

• With our house payment, escrow, insurance, and our condo association fees, it is just a little over 20%, however, my income fluctuates from month to month, so some months it could be as little as 15% or as much as 30%.

Answer by JeremysMom at 10:18 AM on Aug. 26, 2010

• Rent/Mortgage divided by income will give you the percentage.

Right now its 47% for us.

Answer by Ginger0104 at 10:22 AM on Aug. 26, 2010

• Oops... forgot to put the most important part.

Rent/Mortgage x 100, THEN divided by income.

Answer by Ginger0104 at 10:23 AM on Aug. 26, 2010