Fixing Your Debt Situation

Posted December 29, 2009 – 7:20 am in: Personal Finance

You need to differentiate between adverse financial problems. For example, a financial emergency is when you experience a situation that can leave you penniless, homeless or without any significant possessions. You should separate these types of emergency from a threatening phone call or a letter from a bill collector.

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What is a good percentage of debt to total assets in personal finance?

Posted December 8, 2009 – 3:19 am in: Personal Finance

I think that I would feel comfortable to have 30% of my assets in debt, but I never had debt before, so I am not sure about that. For instance, if my total assets are $100,000, then I would feel confident in getting $30,000 in debt.

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