Financial health doesn't require living debt free. According to the Consumer Financial Protection Bureau, there is nothing wrong with having debt as long as you manage your debt responsibly and are not overwhelmed by the amount of debt you've accrued. 

The tipping point varies when it comes to managing debt and having debt manage you. Generally speaking, however, it's best to have a low debt to income ratio, or DTI. DTI refers to the percentage of debt – your total monthly loan payment – to your monthly income before taxes.  You should aim to keep your DTI at 40 percent or less, particularly if you want to qualify for a loan with low interest rates.  

Feel as if you've past your personal debt tipping point? KeyBank has some suggestions to help you regain your balance:

1. Scrutinize your spending habits, focusing on what you buy because you want it, and not because you need it. Consider how often you use credit to buy those extras, and whether you should reserve credit cards for major, significant purchases you can pay off promptly. 
2. Create a budget, and stick to it. Consider tapping online and mobile banking  tools that make it easy to check account balances and transactions.   
3. Regain control of credit card debt with a debt elimination plan so you make steady progress toward reducing card debt. Tackle your high interest cards or your low balance cards and pay as much as you can on those cards while making minimum payments on other, lower interest or higher balance cards. 
4. Consider debt consolidation and talk to your banker about your specific situation; consolidation might increase the amount of time and money spent to eliminate debt. Once you're comfortable with your credit card account balances, pick one card to cover unexpected necessary expenses and pay cash or use your debit card for the rest. 
5. Build an emergency fund so you can choose between tapping credit or your emergency fund for unexpected major expenses. Allocate extra income – a bonus or pay increase – toward eliminating debt or boosting your emergency fund. 
6. Be patient.  Regaining control over debt takes time. But the wait is worth it.