By This is something that is one that is a serious issue for a lot of people and that is when it comes to debt. Let’s say that you have a student loan that you owe the same amount for for the next two years. If you have an income of $51,000 a year and you make $15,000. Your monthly payment is $1075. If you’re on a $50,000 salary, that’s a $250 monthly payment.
So lets say you have a $5,000 payment that you owe.
The answer is probably to pay off your debt first and then look at your monthly income for the next two years. Because the amount that you owe will be bigger than what you make in the month.
This is where the math and reality often line up. If you have an income of 51,000 a year and you make 50,000, your monthly payment is 1075. The amount you owe is probably bigger than 5,000.
I’ve often wondered if someone with an income of 10,000 a year would be interested in paying for the debt they owe. I’m sure that some of you probably don’t think of that equation. If you’re earning between 10,000 and 50,000, as the average American, you probably have a much higher income than you would if you had an income of 50,000. So if you have 10,000 in the previous year, your income is actually pretty much the same.
So, even if you have a higher income, you might not be as interested in paying a higher debt. Many people don’t make any money unless they sell something. Most people don’t have an income like that.
My income is a bit over 7,000 dollars a month, my debt is around 20,000 dollars, but I dont feel really bad about that. I could be making more money without selling anything (I have a few things I sell on the side) or without paying the debt. I dont feel like paying the debt is a bad thing. I could go on and on about this, but I think this is one of the most important questions that people ask about their current financial situation.
I want to make sure that I am buying this new and new product, so I can continue to make as many purchases as I can to pay for it. I don’t think that I have a lot of time left to spend, so I think that I have to do some shopping. I think that I will make up a lot of my expenses and go to the movies when I can. I hope that I can do something to make it happen.
I can think of a couple of things that I think would be good to do. One would be to sell my house and then buy a new one. I would then be able to pay off my debt and not have to worry about buying that new house. Another would be to make a few hundred thousand dollars.
