Remove Construction Remove Credit Card Debt Remove Student Loans
article thumbnail

5 Best Budgeting Methods for Short and Long-Term Goals

Credit Corp

Proportional Budgets for Would-Be Homeowners If you plan to buy a home, your monthly debt payments should not exceed 43% of gross (pretax) monthly income. In calculating this debt-to-income ratio, you include car loans, student loans, credit card debt, and the anticipated monthly mortgage payment in debt.