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When using the calculator on- How much can I afford ?

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Icon Mini Profile dpmorris1974



Joined: 09 Apr 2008

Posts: 1



1.26 Dollars($)

PostPosted: Wed Apr 09, 2008 6:49 pm    Post subject: When using the calculator on- How much can I afford ?

Is the required monthly income my gross ( before taxes ) or my net pay ( after taxes ) ? Thank you .
 
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Icon Mini Profile adonis
adonis


Joined: 22 Oct 2005



Posts: 1488
Location: ALASKA


143.84 Dollars($)

PostPosted: Wed Apr 09, 2008 9:03 pm    Post subject:

Welcome Dpmorris,

When you use the calculator on "How much you can afford", the "monthly income" will be the gross monthly income and not your net pay after taxes.

I've used this calculator, so i can say that it's easy to use Cool

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Procrastination is the enemy of your financial sucess
 
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Icon Mini Profile larry



Joined: 27 Jun 2007

Posts: 3328



473.51 Dollars($)

PostPosted: Thu Apr 10, 2008 12:09 am    Post subject:

Hi Dpmorris,

Welcome to the forum.

I agree with Adonis that your gross monthly income will be considered here for using the calculator on- "How much can I afford".

Feel free to ask if you have any further questions.

Best of luck,
Larry
 
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