The simple measure about how much comfortable you are in paying off the debt can be arrived at by looking at how much debt you owe and how much is your monthly salary.
As a first step add up all your previous months’ bills including all the utility bills and car payments.
Secondly add up all your minimum payment amounts due on a monthly basis.
Thirdly calculate your net salary for the month (Gross salary – taxes)
Then divide the monthly fixed expenses by your monthly net take home pay.
As an example if your salary after taxes in month is $3000 and your monthly expenses are $1800 then divided $1800 with $3000 to arrive at the debt to income ratio. In this case it will be .60. That is 60%
Is this ratio good or bad? As a general rule the debt to income ratio of 25% is considered just abut OK. The ideal situation is to have no debt but it is considered good if you do not have more than 10% as debt to income ratio. If it is more than 25% then it is time to take some action and start looking at various options including Debt Consolidation, Debt Settlement or Credit Counseling.