Credit card spends vs annual income

[santhanv]

How much of annual income is everybody spending on credit cards. Just general discussion folks.

 

[HumorSimpson]

10-20% .

 

[santhanv]

10-20% .

Mine is around the same range as well

 

[Swastik]

My total monthly expenses are about 40% of my monthly income ,
around 35%(including rent) i put on my card ,
i try to pay cash as little as possible

 

[HumorSimpson]

My total monthly expenses are about 40% of my monthly income ,
around 35%(including rent) i put on my card ,
i try to pay cash as little as possible

rent thru what ? redgiraffe ?

 

[Swastik]

rent thru what ? redgiraffe ?

Untill last month on Mobikwik ,not sure what I'll do now ,haven't paid this months rent till now

 

[santhanv]

My total monthly expenses are about 40% of my monthly income ,
around 35%(including rent) i put on my card ,
i try to pay cash as little as possible

Just curious. Remaining 60% towards investments?

 

[Swastik]

Just curious. Remaining 60% towards investments?

Savings and Investments, yes

 

[Swastik]

Some months I've to travel for personal reasons
,some months there are extra expenses like Insurance premium ,Annual gym Membership fee ,Major purcheses(Phone or microwave or something) ,then my total expenses go upto 60%

 

[santhanv]

Some months I've to travel for personal reasons
,some months there are extra expenses like Insurance premium ,Annual gym Membership fee ,Major purcheses(Phone or microwave or something) ,then my total expenses go upto 60%

40% investments is still good in my opinion. I do all the major expenses like insurance (health, term and vehicle insurance) and big purchases with annual variable pay so that my monthly expenses and investments remain consistent every month

 

[Swastik]

40% investments is still good in my opinion.

I divide it between Savings and Investments

I do all the major expenses like insurance (health, term and vehicle insurance) and big purchases with annual variable pay so that my monthly expenses and investments remain consistent every month

I don't get any bonuses from my employer ,so my monthly income is fixed ,expenses are variable

 

[akshayhs]

40-50% of monthly income. Varies every month but never crosses the upper bound of 50%.

 

[dealminer]

How much of annual income is everybody spending on credit cards. Just general discussion folks.

My annual income is reported as 20cr. It is currently not viable to calculate the percentage of it. 🤣 🤣

 

[Swastik]

My annual income is reported as 20cr. It is currently not viable to calculate the percentage of it. 🤣 🤣

What do you do for a living ?

 

[its_karan]

How much of annual income is everybody spending on credit cards. Just general discussion folks.

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