This calculator provides a debt ratio calculation and helps you determine what percentage of your income you are currently spending on each of your various expense categories (food, clothing, etc.)--your debt to income ratio for each of your household accounts.
Enter the income for the period you will be entering expenses for (enter monthly income if you are entering monthly expense amounts, annual income for annual expense amounts, and so on), enter the name of each expense category and their corresponding periodic amounts -- pressing the "Tab" key after each entry. The debt ratio calculation expressed as a percentage amount should automatically fill-in.
|