Finance / July 19, 2018 / Emmalynn Leach
We all have a sense that more income and less debt are both good things. But what’s the ideal ratio between income and debt? If your debt-to-income ratio is too high, any shock to your income could leave you with unsustainable levels of debt. Avoiding debt altogether has drawbacks, too (consider no-fee credit cards and secured credit cards if you are scared of digging yourself in debt). Let us break it down for you with our guide to the debt-to-income ratio.
Because every bond and bond fund has a duration, those numbers can be a useful tool that you and your financial professional can use to compare bonds and bond funds as you construct and adjust your investment portfolio.
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