Sentences with phrase «debt general rule of thumb»

For your basic living expenses — cable, internet, electricity, water, utilities, etc. — you should follow the secured debt general rule of thumb.

Not exact matches

While there is no one - size - fits - all answer to how debt consolidation will affect a person's credit, there are some general rules of thumb you can use to get an idea of how your credit score will be affected.

A general rule of thumb says it's safe to stop saving and start spending once you are debt - free and your retirement income from Social Security, pension, retirement accounts, etc. can cover your expenses and inflation.

As a general rule of thumb, your debt payments should be no more than 40 percent of your monthly income.

The general rule of thumb, says Marr, is to get enough insurance to cover 10 times your income if you have kids under 10 years old (five times your income for singles with kids over 10), plus the amount needed to pay your debt.

As a general rule of thumb, consistently paying double the minimum payment each month will make you whole with the credit card company in two years, regardless of how much debt you have.

As a general rule of thumb, everything that has to do with your income, assets and debts must be provided.

A general rule of thumb is to keep your credit card debt to at least 30 % of your limit.

The general rule of thumb for getting out of debt is to spend less money than you earn.

So, a general rule of thumb is that if the nominal rate of the card is significantly higher than your other debts, pay it off first even if there is a 0 % introductory period.

The general rule of thumb is to go through an estate process with legal representation, carefully identifying any debts that must be paid and figuring out how much, if anything, will be left in the estate after all debts are satisfied.

As a general rule of thumb you will need to get ten times your annual income or, for a stay at home spouse, enough to pay off all the debt your family has including the house and pay for any college educations.

The lower that ratio, the better, but general rule of thumb says keep debt to at least 30 % of your total credit limits.

The general rule of thumb is that the mortgage borrower's total monthly debt payments (including mortgage payments) should not exceed 36 % of household income.