Balancing Credit and Debt by Corinne Dixon https://padlet.com/corinne_dixon/oik4xw6fcspr en-us 2017-06-22 18:13:43 UTC 2017-06-22 18:40:51 UTC hello@padlet.com Debt to Income Ratio corinne_dixon https://padlet.com/corinne_dixon/oik4xw6fcspr/wish/177232199 The monthly debt payment divided by the monthly gross income.  Monthly debt payments include mortgages, auto loans, credit card payments, etc.  This number should be below 36. (Personal Finance, 12)]]> 2017-06-22 18:16:42 UTC https://padlet.com/corinne_dixon/oik4xw6fcspr/wish/177232199 Future Income in Planned Career corinne_dixon https://padlet.com/corinne_dixon/oik4xw6fcspr/wish/177232354 I want to be a computer engineer. Their salary typically starts around $70,000 a year. This would mean that I would get about $5,833 monthly.]]> 2017-06-22 18:19:00 UTC https://padlet.com/corinne_dixon/oik4xw6fcspr/wish/177232354 Monthly Debt Payments corinne_dixon https://padlet.com/corinne_dixon/oik4xw6fcspr/wish/177232549 I would estimate a starter home would cost about $150,000 so my monthly payment would be about $600.  I do not plan to have significant student loans so I will budget in about $100 for that.  The average car payment is about $550.  Taxes would probably add another $250 per month.]]> 2017-06-22 18:21:55 UTC https://padlet.com/corinne_dixon/oik4xw6fcspr/wish/177232549 My DTI Ratio corinne_dixon https://padlet.com/corinne_dixon/oik4xw6fcspr/wish/177233000 Monthly Debt Payments = $1500
Monthly Income = $5833
DTI Ratio = 25.7]]> 2017-06-22 18:28:41 UTC https://padlet.com/corinne_dixon/oik4xw6fcspr/wish/177233000 High Credit Score corinne_dixon https://padlet.com/corinne_dixon/oik4xw6fcspr/wish/177233413 Right now I am not doing anything to influence my credit score.  In the future, however, I would like to maintain the highest credit score possible.  I will do so by paying bills on time and not getting close to my credit limit (Personal Finance, 13).]]> 2017-06-22 18:35:32 UTC https://padlet.com/corinne_dixon/oik4xw6fcspr/wish/177233413 What To Avoid To Keep Credit Score High corinne_dixon https://padlet.com/corinne_dixon/oik4xw6fcspr/wish/177233621 To keep a good credit score, you cannot pay bills late or apply for a lot of credit in a short period of time (Personal Finance, 13).]]> 2017-06-22 18:38:00 UTC https://padlet.com/corinne_dixon/oik4xw6fcspr/wish/177233621