commitments & percentage of your income

[brenx]

Originally Posted by vctxr6ute

thank you so far fellas,just so you know its a less personal form to list your commitments as percentages of your wage.and it give a easier average.

The reason i asked this ,is we are 3/4 way building our new home and now doing the extras/furniture/accessories/air con ,
pergola, shed, gardens, fences, landscaping and find the $$$$$$ go very quickly these days.
But I dont know if Im alone in the big financial rollercoaster

You aint alone.

I've never added it up but I'd say my mrs and I would be in the 80-90% mark. We've got a personal loan due to be paid out next year I think. Then that'll drop by around 10%. Then the next loan will be due out 3 years later and that'll drop us by another 10-15%.

External debt and children (not mortage) is what kills your $.

I spend $150-200 per fortnight on fuel. I don't go visiting if possible. My biggest killer is we do heaps of k's for work. We kill cars quickly by clocking up heaps of k's. We usually replace a car every 5 years. Which means we always have a car loan of some form. The reason we keep replacing them as it's generally cheaper than taking time off work to have them fixed. Trade them when there are starting to have mechanical failures etc.