Quote:
Originally Posted by rubecube
Jesus, how do you manage to rack up debt that's 163% of your net income? On the one hand, reading stuff like that makes me feel less terrible about my own finances. On the other hand, holy ####.
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How did you calculate your debt to income ratio. I've googled it and it looks like you take your total entire debt (mortgage and car) and divide it by your annual gross income. But it seems disingenuous to compare something that typically lasts 25-30 years (ie mortgage) to an annual amount (annual salary).
Is there a better way to calculate this amount? If not, I got me some serious problems.
