Use the debt-to-income ratio calculator below as a barometer of your current financial situation. It's a quick way to learn if you earn enough each month to confidently cover the bills. Later, use the Build a Budget tool to see how you can maximize your current earnings. Instructions: enter the monthly payments for your debts below. Click "Calculate Total." Then enter your monthly take-home pay and click "Calculate Total."
Under 15%-Relax. Continue repaying your debt and recalculate your debt-to-income ratio periodically.
15% - 20%-Caution. Get a free credit counseling session now before debt becomes a problem. We'll give you long-term solutions to budgeting and managing your finances.
Over 20%-Danger! Meet with a credit counselor soon. We'll help you work out a repayment plan that could save you hundreds of dollars every month and offer you peace of mind.