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Debt Reduction Planner

A tool you use in Money to create a plan to reduce or completely eliminate debt. Money incorporates the plan into your budget (assuming you set one up), tracks all your spending and savings, and reminds you when you are not sticking to your plan.



debt-to-income ratio

The percentage of your debt compared to your income. Standard, acceptable debt is 36 to 42 percent. Anything beyond that is headed for trouble. You can figure your monthly debt-to-income by multiplying your monthly income by .38 (standard percentage of debt).




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