How Much Debt Can You Handle?


Fill in the blanks to get a rough idea of you debt- to-income ratio. Find out whether your ratio is higher than what is considered manageable for your income.
Minimum monthly credit card payments
Monthly car loan payments
Other loan obligations
Monthly Debt Payments
Take home pay
Other income
Monthly Income
Debt To Income =
Single – If you are single you can push the limits of your consumer debt to 20%. But if you are on commission it is better to lower the ceiling to 15%.Married – If your take home pay is more than $50,000 you can probably carry 20% in consumer debt. It is recommended to drop to 15% if you have children.Fixed Income/Retired – Stay within 10%.
If your debt-to-income ratio is 20% or more, you need HELP!

Click here to start the budget process.