An income to debt ratio calculator is a tool that helps you determine how much of your income is going towards debt payments. To use the calculator, you simply enter your monthly income and your total monthly debt payments. The calculator will then generate a ratio that shows you how much of your income is being used to pay off debt.
Your income to debt ratio is an important measure of your financial health. A high ratio means that you are spending a large portion of your income on debt payments, which can make it difficult to save money and reach your financial goals. A low ratio, on the other hand, means that you have more money left over after paying your debts, which gives you more flexibility in your budget.