Exercise

Kelly has the following expense and income figures:

Expenses $($monthly$)$

Mortgage $$1,500$

Minimum credit card payments $300$

Car loan $279$

Car insurance $125$

Electric bill $150$

Cell phone $200$

Home equity line of credit loan $193$

Groceries $400$

Health insurance $350$

Student loan $110$

Income

Weekly gross income from job $$1,300$

Estimated annual bonus $3,500$

Interest on investments $($monthly$)75$

Alimony $($biweekly$)200$

Calculate Kelly's DTI ratio and comment on Kelly's financial health.