Are You Financially Resilient?
Money Talk
OCTOBER 13, 2021
Financial resiliency is enhanced with financial resources, such as savings, health insurance, and a good-paying job. Below are five examples: ¨ Maintain a Low Debt-to-Income Ratio- Keep monthly consumer debt payments (all debts except a mortgage) at 15% or less of monthly take-home pay. A ratio of 20% or more is a danger zone.
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