Explore great resources for managing money like a monthly budget template and how to break back money habits. Topics like retirement planning and avoiding financial stress in your relationships are also addressed.

How to Find Your Debt to Income Ratio

How to Find Your Debt to Income Ratio (The Easy Way!)

How do you find your debt to income ratio? It’s a simple calculation. It’s also an important number. In addition to your credit score, lenders use it and you should, too. If your debt to income ratio is low, under 36 percent according to experts, that’s good. If you pay your bills on time, you should receive the most favorable credit terms. It tells lenders that you are using credit responsibly and that you will be able to pay them back.

Financial Advisor

Considering Hiring a Financial Advisor to Help Manage Your Money? Here’s What You Need to Know

If your reasons for seeking professional financial help have to do more with overwhelming debt and less with investment advice, an LIT may be a better fit for you. Licensed Insolvency Trustees (LITs) are federally licensed and regulated professionals who provide financial advice and services to individuals and businesses with debt problems.