Forum Discussion

ugh's avatar
ugh
Explorer
Apr 19, 2015

What % of income for monthly payment consider okay

We want to go camping again. Since the accident, we are now ready to go shopping again, but this time we are thinking about Class A instead of TT. That means it will have larger payment and longer ter...
wing_zealot's avatar
wing_zealot
Explorer
Apr 20, 2015
I think that the old adage about 25 years ago was that you should have more than 33% of your total income in monthly debt payments. For those of you that think cash is king, I think you don't know what you are talking about. I pay 4.4% in interest for my RV, my investments made over 11% last year. I could have paid cash 30 times over, but why would I?

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