Tag: Personal finance tips

According to a 2023 BLS survey, the average American household spends nearly $4,000 annually on restaurant meals, illustrating how quickly the expense adds up. This article breaks down exactly how much would it cost to eat out every day, from budget-friendly options to more expensive dining experiences.

According to the Consumer Financial Protection Bureau, a lower debt-to-income (DTI) ratio signifies a healthier financial profile to lenders. So, what does the abbreviation DTI stand for, and why is this metric a major factor in lending decisions, from mortgages to credit cards?