What Should Your Debt Service Ratio Be? | DFI30

What Should Your Debt Service Ratio Be? | DFI30 | Ep. 444. A debt service ratio basically the amount of your monthly income that’s used to service your monthly debt payments. But why does this ratio matter and what’s a good debt service ratio to have? On today’s podcast, Doug Hoyes and Ted Michalos break down how a debt service ratio is calculated, what it means for your financial health and practical advice for how to avoid a high ratio and debt problems. Tune in to this episode, which also serves as a great introduction to financial literacy.

#debtserviceratio #debtservicecoverageratio #dsr #dscr

Links:

What’s the Wealth Effect (And Why It Matters To You):    • What’s The Wealth Effect? (And Why It...  
4 Personal Finance Ratios That Measure Debt Risk: https://www.hoyes.com/blog/4-personal...


#debt #debtserviceratio #debttoincomeratios #debttoincome #debtfree #debtfreein30 #DFI30 #debtfreejourney #personalfinance #personalfinancepodcast #podcast