- About $300 in credit card debt (I pay it off every month) - Car is paid off - No mortgage - $2,300 on an old student loan (I pay $100 a month but might pay this off in a lump sum soon) So I'm currently in repayment for only about $2,600 and I have quite a bit more than that in the bank so that helps me not worry about it much. But, I'm going back to school at the moment and I think that's going to be like $12,500 in loans when it's all said and done. I'm OK with that though, because I should be making roughly double what I am now.
Everything is paid off except for my mortgage. Still have about $97K on it. Good news is my mortgage is a 15 year loan at 4.5%. I'm sittin' pretty at the moment....
$47.14 on my credit card right now. It is my first card though. Only have a $500 limit. My parents have scared me into never using my CC more than I can afford to pay off each month. I doubt I'd ever buy a car less than 3 years old. I think if I had a lot of debt I'd drive myself crazy with anxiety. That's just how I am, owing money worries me.
Basically, my parents paid for college tuition, but didn't pay for anything else, so I put everything on my card. It's like they were my student loans, only they have a deplorable interest rate.
you could say that about a lot of things, though. Why do people buy new ipods when last year's model (whether new or used very little/refurb'd) is a lot cheaper? Why buy a new guitar when there are plenty of good used ones out there? Why new furniture (couches, beds, whatever) when there are plenty of people moving that are getting rid of good stuff for cheaper? A lot of stuff can be found at better prices.. people like to have things new/"clean".. sometimes to know that no one else has messed with it.. sometimes to get the absolute latest technology. And on the thread.. I don't know, I just paid off both my CC's recently so probably super low at $200 or something in cc debt
Cars - 2 - $0 House - paid for personal loans - 18K CC - 25K We took custody and raised our grandkids for a couple of years until their parents could get their act together. We are still paying that off.
$104,524.72 remaining on the house (7.5 years remaining) $12k or so on my wife's car (2.3 years remaining) pay off the ccs every month 2016 is looking pretty sweet.
I'm not sure. Roughly $200k between school, mortgage, business, and personal debts. That's a big number when you sum them all up. But, like my father says, "It's not what you have [that makes you rich], it's what you owe."
BTW, I use Mint.com for a quick view of my finances. It's an aggregator to view all your credit card accounts, loans, bank accounts, etc in one place. Some institutions aren't available, and you have to trust (to a certain extent, they explain how it works) entering your info there, but it's pretty slick. It won the TechCrunch award (if anyone is aware of what that is), so it's not some fly by night thing no one has heard of. And best of all it's free.
i'm subscribed and have my stuff in there, but haven't been using it much. i agree, it is cool to view everything at once
