If you are one of the NFL players whose career lasted long enough to qualify for NFL pension benefits you will need to decide when to begin drawing your pension. Although the NFL retirement plan defines normal retirement age as 55 years old, many players begin drawing their pensions early.
The standard industry recommendation for mortgage payments is that no more than 28 percent of your gross income should go to your monthly payments. To calculate this, simply multiply your annual, gross income by .28 and divide by 12.
Though mortgage lenders typically set clear guidelines for the percentage of income you can spend on your mortgage, no such guidelines exist for car loans. To determine how much of your income you should spend on a car, you must consider your total debt and personal circumstance.You might also consider how much of your income will go to car maintenance, fuel and insurance.o determine how much of your income you should spend on a car, you must consider your total debt and personal circumstance. You might also consider how much of your income will go to car maintenance, fuel and insurance.