Who We Are
Am I Broke? was built for people who want a straight answer. No sugarcoating, no financial jargon, no upsell. Just the brutal truth about where you stand financially.
Why We Built This
Most financial tools are either too complicated or too vague. We wanted something simple: enter five numbers, get an honest verdict. No account needed, no data stored, no ads.
How It Works
Enter five numbers (your annual salary, monthly housing cost, car payment, other debt payments, and ZIP code) and we run two well-established financial tests:
- The 30/36 Rule. Renters should spend no more than 30% of gross monthly income on rent; mortgage holders should keep housing costs under 36%. The extra room accounts for the equity you're building.
- The 43% Total Debt Rule. Your combined monthly debt (housing + car + other payments) shouldn't exceed 43% of gross income. This is the same threshold lenders use when evaluating mortgage applications.
Fail neither test and you're killing it. Fail one and you're okay but should pay attention. Fail both and it's time for a hard look at your finances.
For renters who exceed the 30% threshold, we also pull federal rent data (HUD Fair Market Rents) and Zillow market trends for your ZIP code to show how your rent compares to your area, and whether the local market is moving in your favour.
Your data never leaves your browser. We don't store, sell, or share anything you enter.
Disclaimer
Am I Broke? is for entertainment and general awareness purposes only. It does not constitute professional financial advice. Always consult a qualified financial advisor before making major financial decisions.