Many people are owing a lot of debt some pays back their debt but some don’t making their debt to go higher and higher everyday but how much could be considered as too much debt
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Many people are owing a lot of debt some pays back their debt but some don’t making their debt to go higher and higher everyday but how much could be considered as too much debt
Determining what is considered "too much" debt depends on various factors, such as income, expenses, and financial goals. A common guideline is to keep total debt payments, including mortgages, loans, and credit cards, below 36-43% of your gross monthly income. However, individual circumstances andRead more
Determining what is considered “too much” debt depends on various factors, such as income, expenses, and financial goals. A common guideline is to keep total debt payments, including mortgages, loans, and credit cards, below 36-43% of your gross monthly income. However, individual circumstances and risk tolerance can vary. It is important to assess debt levels in relation to one’s ability to make payments comfortably and achieve long-term financial stability.😊
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