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What should my debt to income ratio be per month?

I know my debt should be zero, but since I do have to get things with credit, what is an acceptable amount of debt?
In that debt, do I include my mortgage payment?

Answer Question

Asked by bellasrose71008 at 4:30 PM on Dec. 10, 2008 in Money & Work

Level 1 (3 Credits)
Answers (2)
  • I was always told to never charge (on cards) more than one percent of your annual income. There is a book by Suze Orman called The Money Book for the Young Fabulous and Broke. I would strongly suggest that you buy it. It is packed full of great info. And i'm sure it has the answer to your question in there.

    Answer by KlousMomi at 4:38 PM on Dec. 10, 2008

  • 29/41 including your house payment

    Answer by mamakirs at 4:46 PM on Dec. 10, 2008

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