Need a debt-to-income ratio calculator? Watch this video.
Debt Doesn’t Have to Be a Nightmare: Here’s How to Tame It
Debt can feel like a monster under your bed, but trust us, it’s manageable! Understanding your debt-to-income ratio is key. Use online calculators—no math wiz needed! Just plug in your numbers and see where you stand. The rule of thumb? If your ratio's above 36%, it’s time to make some moves. This will help you figure out if you're drowning or just splashing around.
Tackling Debt? Explore Different Strategies That Fit Your Style
Paying off debt isn’t one-size-fits-all. Whether you go for the avalanche or snowball method, find what clicks for you! Online tools simplify this process, making it easy to set up a plan that fits your vibe. Feeling stuck? Consider lifestyle tweaks, like whether both partners should work, as it might save more than you'd think!
Good Debt vs. Bad Debt: Know the Difference to Level Up Your Finances
Not all debt is created equal! Student loans and mortgages are often seen as “good,” while high-interest credit cards are the real villains. NerdWallet's got your back with a calculator that highlights your bad debt so you can focus on tackling what really counts.
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