Debt-to-income ratio: What is it and why does it matter?

When it comes to personal finance, there are many terms and ideas that can significantly impact our finances and our day-to-day lives. Being financially healthy is just as critical to our futures as maintaining our physical health. Still, while it’s usually pretty straightforward to tell if you’re physically fit, financial health can be a bit murkier.

Debt is a fact of life for most people, whether it’s in the form of credit card debt, a car loan, or a mortgage.

Read the full article in the Finances FYI section of The Seattle Times, sponsored by 1st Security Bank.