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Posts tagged with: judgemental

Mortgage Ratios…

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I was listening to Dave Ramsey last night while taking Hutch for a run and was flabbergasted as a man told Dave he couldn’t survive on what he was making. The man was pulling in just over $6,000 net each month and was carrying a $2,400 mortgage.

Dave said it was a tight budget but he should be able to survive on it.

‘Are you absolutely kidding me?!?!?’ I shouted as I ran.

I can’t imagine these kinds of outbursts make me popular with the neighbors – nor does it give them any sort of confidence in my sanity… but what else is new?

Without giving away too much about our income or mortgage amount, I’ll just put it this way, my husband and I make less than $6,000 net a month and our payment on the first mortgage alone is more than $2,400 a month. Not only do we survive on this, we reduce debt – and we’ve been doing it for two years.

Forgive me for being callus, but if you can’t survive on $3,600 a month after paying a mortgage, there’s a bigger problem than the mortgage.

BUT, I’m trying to change my paradigm and reduce the judgmental side of my personality. Do you need more than $3,600 to survive after your mortgage is paid? If so, why? (Not counting any medical problems or child care. The guy didn’t have medical problems and didn’t pay for child care)