Question

Miyoshi has a monthly net income of $1,625. Her fixed monthly expenses include

$68 for the furniture she bought last month and a car payment of $167. Are
Miyoshi's expenses within a safe debt load

Answer 1

Miyoshi has a monthly net income of $1,625. Her fixed monthly expenses include $68 for

the furniture she bought last month, and a car payment of $167. Are Miyoshi’s expenses

within a safe debt load?

No.

$1,625 x 10% = $162.50

$162.50 - 235 = - $72.50

Right now Miyoshi is over committed and is not within a safe debt load, and she should not commit to

further debt.