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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
 
bellasrose71008

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.
    KlousMomi

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

  • 29/41 including your house payment
    mamakirs

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

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