How much are you in debt?

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  • Vince
    Bow for Bau
    • Aug 2002
    • 26017

    #1

    How much are you in debt?

    Me with both credit cards, roughly 900 bucks.

    Not too bad.

    Only have 1000 dollars in outstanding fees for University which will be paid in a few weeks. Thank god for Quebec tuition.
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  • McLite
    MVP
    • Feb 2003
    • 2113

    #2
    Re: How much are you in debt?

    About $220,000 counting my house and truck. My truck will be paid off next year though.

    Bad debt like credit cards = nothing.
    - The true measure of a man is how he treats someone who can do him absolutely no good.

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    • sportznut02
      The buzz is palpable now!
      • Dec 2004
      • 8064

      #3
      Re: How much are you in debt?

      we have no credit card debt and i think we have about 15,000 left to pay on my wifes student loans. i don`t think that is to bad for having her masters. i won`t have any school debt because they Army is paying for school. not to bad for our age, at least i don`t think so i have friends with a lot more credit card debt and school loans.
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      • Beantown
        #DoYourJob
        • Feb 2005
        • 31523

        #4
        Re: How much are you in debt?

        No debt with any credit cards, or banks or anything...

        But I probably owe my parents a good....20,000 in things that I have promised to "pay them back for".

        At least.

        And that doesn't count my dad paying for school, for me.
        Last edited by Beantown; 03-30-2008, 05:32 PM.

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        • Herbsinator
          All Star
          • Sep 2003
          • 4573

          #5
          Re: How much are you in debt?

          $0

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          • Mercilezs
            Rookie
            • Jan 2008
            • 56

            #6
            Re: How much are you in debt?

            credit card debt is probably around 90,000, but with that being said, I'm solid!

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            • Rainey
              MVP
              • Jul 2002
              • 4507

              #7
              Re: How much are you in debt?

              $0.00 as well. I've always lived within my means.
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              • Brandon13
                All Star
                • Oct 2005
                • 8915

                #8
                Re: How much are you in debt?

                Nothing.

                Comment

                • themush
                  Rookie
                  • Mar 2008
                  • 247

                  #9
                  Re: How much are you in debt?

                  As a lender myself I can tell you the people who don't owe any major debt are well ahead in life right now. I could tell you guys horror stories but hey this is a happy place.
                  There are 3 types of people in the world those who understand math and those who don't.

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                  • countryboy
                    Growing pains
                    • Sep 2003
                    • 52708

                    #10
                    Re: How much are you in debt?

                    paid off my truck in January and will hopefully be able to pay off my house before the end of the year.

                    And I don't have credit card debt, since I only have one credit card that I use for emergencies only and thankfully I've not encountered any as of late.

                    All I can say to the youngin's on this site, invest as early as possible, it will most definitely pay off in the end.
                    I can't shave with my eyes closed, meaning each day I have to look at myself in the mirror and respect who I see.

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                    • youvalss
                      ******
                      • Feb 2007
                      • 16599

                      #11
                      Re: How much are you in debt?

                      Nothing. As for credit cards, I have one and only use it for big expenses. 95% of my expenses are payed with cash. Credit card is just for big ones or emergency. BTW I don't even use my credit card for getting cash at the ATM, I have another card especially for that. This way if my card doesn't come out I can cancel it with no harm because it's not a credit card.
                      It's so stupid, there are so many people here that pay every $5 with credit cards and they don't even know how much they are in debt. Then, a few weeks later they get the bill and ask: "What?! No way I bought all this! Must be a mistake"!, or another dialogue that is very common here:
                      Cashier: "Sorry, u can't pay with this credit card because you've excedeed your credit limit".
                      Buyer: "What?! Try again, it's impossible! I've been usuing it the entire week!"

                      Got it?
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                      • NoleFan
                        Hall Of Fame
                        • Aug 2002
                        • 12855

                        #12
                        Re: How much are you in debt?

                        Got about 600 bucks in CC debt that will be paid off in the next few weeks. Got my student loan which is under 9k (I know folks with several times that) and my Suburban to pay off. Not too bad I'd say. Don't have a house payment b/c I'm just really starting my career and am not gonna jump out there on a house just yet. My situation is interesting though so...
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                        • Brandon 2006
                          MVP
                          • Jan 2007
                          • 1659

                          #13
                          Re: How much are you in debt?

                          I have no debts. I use to owe my parents $1100 and $700 at different times for things I bought that I was paying off monthly and needed a credit card for, but those were paid off long ago.
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                          • themush
                            Rookie
                            • Mar 2008
                            • 247

                            #14
                            Re: How much are you in debt?

                            Originally posted by countryboy
                            paid off my truck in January and will hopefully be able to pay off my house before the end of the year.

                            And I don't have credit card debt, since I only have one credit card that I use for emergencies only and thankfully I've not encountered any as of late.

                            All I can say to the youngin's on this site, invest as early as possible, it will most definitely pay off in the end.
                            Equitable debt is much different then non secured debt. Car, Mortgages etc.. isn't bad but, a $5,000 CC debt sucks.

                            And I would add to the youngin's on this site be careful with CC's they prey on you guys.
                            There are 3 types of people in the world those who understand math and those who don't.

                            Comment

                            • countryboy
                              Growing pains
                              • Sep 2003
                              • 52708

                              #15
                              Re: How much are you in debt?

                              Originally posted by themush
                              Equitable debt is much different then non secured debt. Car, Mortgages etc.. isn't bad but, a $5,000 CC debt sucks.

                              And I would add to the youngin's on this site be careful with CC's they prey on you guys.
                              I agree with both points. And if you get a credit card, only use it for what you need and if at all possible, use it in amounts that you can pay off the following month. If you do have to use it for something big, like an emergency, pay more than the minimum due, because if not, you'll never get the card paid off and you quickly fall into the cycle.
                              I can't shave with my eyes closed, meaning each day I have to look at myself in the mirror and respect who I see.

                              I miss the old days of Operation Sports :(


                              Louisville Cardinals/St.Louis Cardinals

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