Your monthly credit card spend / income = X%?

[Credit_hawk]

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@longtimelurker wrote:

Depends on what games you play.  2 years ago I was about 500% of net income

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I think I know what you mean. There are months where I spend 200% of my income because I have large savings.

[Anonymous]

I have a couple of answers to this based on personal and business.

Personal Income Last Year (Net) - $92,500 (rounded to the nearest hundred)

Personal Spend on CC - $30,175 (32.6%) but this includes all reacurring bills as well except mortgage and car payment

Business Income - $2,500,000 (rounded to the nearest $100k)

Business Spend on CC - $330,000 (13.2%)

[Anonymous]

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@Credit_hawk wrote:

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@longtimelurker wrote:

Depends on what games you play.  2 years ago I was about 500% of net income

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I think I know what you mean. There are months where I spend 200% of my income because I have large savings.

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I was a bit curious about what that post was getting at myself.  I'm all about hearing about credit "games"

Looks like most people so far fall into the 15-30% range, +/- a little bit.  Seems that those that are putting their monthly bills through credit cards rather than just using them for general spending are hitting the higher percentage of the range.  All good info.

[longtimelurker]

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@Anonymous wrote:

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@Credit_hawk wrote:

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@longtimelurker wrote:

Depends on what games you play.  2 years ago I was about 500% of net income

---

I think I know what you mean. There are months where I spend 200% of my income because I have large savings.

---

I was a bit curious about what that post was getting at myself.  I'm all about hearing about credit "games"

Looks like most people so far fall into the 15-30% range, +/- a little bit.  Seems that those that are putting their monthly bills through credit cards rather than just using them for general spending are hitting the higher percentage of the range.  All good info.

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The "game" was MS, and we can't give details on this forum.   But you can reach multiples somewhat more legitimately, if you have people reimburse for expenses, e.g. employer paying travel expenses or those people here who buy stuff on behlaf of friends and relatives and get paid back  

[Credit_hawk]

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@longtimelurker wrote:

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@Anonymous wrote:

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@Credit_hawk wrote:

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@longtimelurker wrote:

Depends on what games you play.  2 years ago I was about 500% of net income

---

I think I know what you mean. There are months where I spend 200% of my income because I have large savings.

---

I was a bit curious about what that post was getting at myself.  I'm all about hearing about credit "games"

Looks like most people so far fall into the 15-30% range, +/- a little bit.  Seems that those that are putting their monthly bills through credit cards rather than just using them for general spending are hitting the higher percentage of the range.  All good info.

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The "game" was MS, and we can't give details on this forum.   But you can reach multiples somewhat more legitimately, if you have people reimburse for expenses, e.g. employer paying travel expenses or those people here who buy stuff on behlaf of friends and relatives and get paid back  

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That's what Flyertalk is for lol

[vwgrrc]

I think this ratio may vary quite a bit considering married vs single. We're on about 20%, everything other than rent. If I was not married, this should be higher

[Anonymous]

I'm surprised no one is reporting higher percentages. Then again maybe those with higher % just aren't posting!

[Anonymous]

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@longtimelurker wrote:

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The "game" was MS, and we can't give details on this forum.   But you can reach multiples somewhat more legitimately, if you have people reimburse for expenses, e.g. employer paying travel expenses or those people here who buy stuff on behlaf of friends and relatives and get paid back  

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Gotcha.  Employer expenses through personal credit cards can certainly help spends.  We have a petty cash fund at my job that I used to take cash from when I needed to buy something work releated.  I now just use one of my CC's, take the cash, and immediately deposit it into my bank account.  Sure it adds a step or two, but it helps my monthly spend and as a result rewards.  Some months this may only be a couple hundred bucks, but at times can be around $1000 per month.

[Anonymous]

^ That's a lot of petty cash! Absolutely at $1000 that helps with your rewards!

[Anonymous]

It also helps with online orders, which as we all know are huge these days.  You can't use "petty cash" to order online, and there are PLENTY of products and vendors that we use online for my job that I can't grab a handful of cash and go see.  Using my CC's I just order from them, print the invoice and pay myself back with petty cash.  My owner doesn't seem to mind, at least not yet, so I see no need to change my actions at this point