Cool Money Tools at Money Central

I found a very easy to use money tool at MoneyCentral today. It’s the Debt Evaluation Calculator. It asks about your income, your house payments, other payments. Using the information you provide, it then displays the results and provides a summary. For example, here’s what it tells me:

You pay $1456 in debt payments and have a total income of $5450 each month, resulting in a debt ratio of 27%.
You have a relatively low debt ratio that puts you in good stead to make all of your payments.