0 commentsby Tricia
Alot of the time, even I think debt is all bad and it should be avoided at all costs. But, there are some types of good debt out there. A few examples of good debt are: Mortgage – the debt incurrered when purchasing a home is usually paid back over may years. You also have […]
2 commentsby Tricia
When you look at my monthly payments towards debt compared to my income (debt-to-income ratio), you will see why my debt is very bad. I found his handy calculator to use: Debt to Income Calculator My monthly debt payments eat up 54% of my monthly gross income (pre-tax). A “healthy” ratio is under 36%. If […]
