How deep in debt are you!? - Page 3

Dave · 11-30-2009, 02:32 PM

all i have is my home mortgage. We pay cash for damn near everything

fasternyou929 · 11-30-2009, 02:33 PM

Funny this came up today, I just put everything down last night during a riveting "prepare for death" weekend of making wills and documenting assets and accounts.

Including all our debts and assets, we're comfortably in the black. Which is comforting news since I will be unemployed in the near future...

Speedracer42 · 11-30-2009, 02:35 PM

Quote:

Originally Posted by shmike

That last section is debatable.

Between my wife and I, we (I) owe approx. $9k on my truck.

Seriously. My house is at LEAST $70k backwards of where I bought it 3 years ago.

tommymac · 11-30-2009, 02:43 PM

Aside from the mortgage were not too bad.

I owe about5k in student loans (will prolly pay that off in a year)

I have around 6k on the buell (hopefully the same on paying that off)

then on my regular cc and 2 store cards I have around 1300 but thats with a few zero interest deals with sears and lowed and will have them knocked out soon. Most of that is just from needing stuff for the new house so I can justify it at least.

HokieDNA01 · 11-30-2009, 02:44 PM

I have $0 dept except for my mortgage. All vehicles were bought used and paid off quickly.

Thank God my parents paid for my college education (my grad degree I paid for but it was CHEAP since I worked at Vandy at the time). They started me out dept free in 2001 and I have been thanking them every chance I get since.

dReWpY · 11-30-2009, 02:55 PM

im planning on signing up with the navy or coast guard when i graduate from my masters program, that should shore up any left over undergradute debate...

unknownroad · 11-30-2009, 03:07 PM

Just paid off my truck and my wife's student loans last month

2 years of payments left on the Mazda, 11.5 years left on the house. Oh, and I owe about a grand on my riding mower, I keep forgetting about that. Been keeping things pretty tight the past couple of years.

All told, our current debt is roughly equal to our current gross household income for 1.5 years. I'd sleep easier if our savings were a bit fatter, but at least it's diversified (stocks, bonds, cash, silver, canned food, ammunition, etc.)

pauldun170 · 11-30-2009, 03:28 PM

Quote:

Originally Posted by pdog

I have no debt at all beyond a 15 yr mortgage.

My wife decided to get a Ph.D in a field that makes $50k/yr. She has shedloads of debt. Thankfully most of it is Sallie Mae loans at <3% interest. Everything else I've paid off for her since getting married.

So in other words you have shedloads of debt.

pauldun170 · 11-30-2009, 03:32 PM

Gotta mortgage and some money on the line of credit
No credit card debt
All vehicles are paid for..

Based on current conditions in the housing market, we're in good shape with all those funky ratios. Would like to stop writing tuition checks as that is my biggest drain right now.

sherri_chickie · 11-30-2009, 03:36 PM

We owe a bit on my jeep but I have paid it off in 3 years I could pay it off bur we are stockpiling for when I go on maternity and family leave. By the time baby comes we will have no debt. Also we are putting extra on the mortgage.

View Poll Results: How much?
0-5k	20	27.03%
5k-10k	10	13.51%
10k-20k	11	14.86%
20k-30k	11	14.86%
30k-50k	12	16.22%
50k-75k	5	6.76%
75k-100k	1	1.35%
100k-150k	3	4.05%
150k+	1	1.35%
Voters: 74. You may not vote on this poll

11-30-2009, 02:44 PM	#25
HokieDNA01 WERA White Plate Join Date: Nov 2008 Location: Nashville, TN Moto: 2007 Suzuki GSX-r 750 Posts: 1,404	I have $0 dept except for my mortgage. All vehicles were bought used and paid off quickly. Thank God my parents paid for my college education (my grad degree I paid for but it was CHEAP since I worked at Vandy at the time). They started me out dept free in 2001 and I have been thanking them every chance I get since. __________________ XX>XY 2014 Honda NC700X 2007 Suzuki GSX-r 750 2000 Yamaha XT225 2004 Kawasaki EX250 (sold)

11-30-2009, 03:07 PM	#27
unknownroad Guys... where are we? Join Date: Nov 2008 Location: South Carolina Moto: SV650 Interstate, CX500 rat-bobber, whatever else runs. Posts: 784	Just paid off my truck and my wife's student loans last month 2 years of payments left on the Mazda, 11.5 years left on the house. Oh, and I owe about a grand on my riding mower, I keep forgetting about that. Been keeping things pretty tight the past couple of years. All told, our current debt is roughly equal to our current gross household income for 1.5 years. I'd sleep easier if our savings were a bit fatter, but at least it's diversified (stocks, bonds, cash, silver, canned food, ammunition, etc.) __________________ Considering Verizon Business service? Perhaps you'd like to consider a nice drain cleaner enema instead?

11-30-2009, 02:32 PM	#21
Dave Chaotic Neutral Join Date: Feb 2008 Location: Cherry Hill NJ Moto: GV1200 Madura, Hawk gt Posts: 13,992	all i have is my home mortgage. We pay cash for damn near everything

11-30-2009, 02:33 PM	#22
fasternyou929 SFL Expatriate #2 Join Date: Nov 2008 Location: Raleigh, NC Moto: CBR1000 Posts: 2,043	Funny this came up today, I just put everything down last night during a riveting "prepare for death" weekend of making wills and documenting assets and accounts. Including all our debts and assets, we're comfortably in the black. Which is comforting news since I will be unemployed in the near future...

11-30-2009, 02:43 PM	#24
tommymac Moto GP Star Join Date: Nov 2008 Posts: 11,022	Aside from the mortgage were not too bad. I owe about5k in student loans (will prolly pay that off in a year) I have around 6k on the buell (hopefully the same on paying that off) then on my regular cc and 2 store cards I have around 1300 but thats with a few zero interest deals with sears and lowed and will have them knocked out soon. Most of that is just from needing stuff for the new house so I can justify it at least.

11-30-2009, 03:36 PM	#30
sherri_chickie WERA Yellow Plate Join Date: Nov 2009 Location: Calgary Moto: Gs500F Posts: 683	We owe a bit on my jeep but I have paid it off in 3 years I could pay it off bur we are stockpiling for when I go on maternity and family leave. By the time baby comes we will have no debt. Also we are putting extra on the mortgage.