amylevan
DIS Veteran
- Joined
- Aug 31, 2005
20% right now, but we’ve been paying a mortgage for 20 years so that number has changed between houses (went up with our current house) and has gone down as our pay increased.
That said, we’ve also increased our 401k contribution to max out over the years, which affects our take home, which changes that percentage of take home since you’re saving first.
All that to say, I’m not a fan of percentage of take home as an affordable calculation. Figure out your take home, your expenses, your savings and what you’re left with is what you can afford.
That said, we’ve also increased our 401k contribution to max out over the years, which affects our take home, which changes that percentage of take home since you’re saving first.
All that to say, I’m not a fan of percentage of take home as an affordable calculation. Figure out your take home, your expenses, your savings and what you’re left with is what you can afford.