Zero debt. No credit card debt. No car note. No house note (I rent) No school note (paid it off) It wasn't always the case. But there's nothing quite like being unemployed with $50,000 in debt staring you in the face to get you motivated which is was me about 10-12 years ago. So.....I got serious about saving and paying off debt. Took a long time and had to sacrifice a lot but I did it and for about the past 6 years or so have been debt free. You can't imagine how great a feeling it is. Now when I want something, I simply buy it. If I can't afford it, I don't. If I could offer one piece of advice to any young person that I knew they would listen to it would be to stay out of debt...any debt. That and to start saving early. You will be so happy you did when you hit your forties.
Damn I am so lucky my girl does NOT want to have a large ceremony and she wants to try to save as much money as possible, to purchase property and travel the world.
How anyone feels the need to spend 20,30 or 40K on their wedding is beyond me....wedding and honeymoon for my wife and I cost about 10-11k total...and we saved enough money in the nine months leading up to it to pay most of it off w/o having to dip into our savings. I honestly don't consider the mortgage and car loans to be debt...I know technically they are, but I'm gonna be paying off the mortgage for 30 years and we'll always probably be paying off a car at some point. So it's just another part of our budget. But as for cc debt...none...we have one card and pay it off every month. We don't buy furniture, electronics or other big ticket items (almost always on store credit, interest free) unless we have more than enough in savings to cover it.
I'm with you 100% on the mortgage, but I will only be buying 2-year old cars with cash from here on out. No more financing new cars for me. Anyway, I'm glad to see so many people here are being so smart about credit cards. I don't advocate cutting them up like some do, but paying them off every month is a must IMO.
no east of the freeway in draper, just north of the point. i have been out the last few days and i gotta tell ya... sandy/draper ut is the POON capitol of the world. @ss per square inch is insanely high lol tho nobody would guess it
i'll be attending a wedding in November that so far is costing $22,000 according to the bride. i don't know. maybe the air in the reception hall is brought in from the arctic. i don't care much for weddings, but it's going to be open bar. that's good enough for me.
A lot of people in this thread seem to be feeling superior for their debt-management skillz (including me).
I'm selling a NES with 42 games for $50,000. I am down on my luck need to pay bills living pay check to pay check. this is my price possession the only thing I can say I own 100%. to some a nes system could mean nothing but to me its priceless. I hate to part with it but i need the money. You might say what a ridiculous price but thats how hard it is for me to part with it. I have 100% feedback. whoever buys it can verify that I really need the money. I can show you my bills and credit report to verify it and I will give proof that the bills got paid. I would like to personally hand over the nes bundle system over to the winner and personally thank him/her if possible. God bless.
No judging going on in this thread. At least not from me. Hell, I'm in no place to judge anyone anyway. Believe me.
Besides my student loans - which my firm and the government are paying off substantially as a career incentive, I have zero debt. Like Azadre, I pay off the credit card in full every month. I refuse to buy/mortgage a house and settle down with somebody until my early 30s. Paid for my car in cash and I plan to keep it at least 8 years. I save 40% of my disposable income and invest it. I buy very nice (high quality) things which I keep and maintain for many years. Eat out only once or twice a week (drink plenty of water to stave off hunger) with friends. It's all about perspective and delayed gratification.
Zero, never had any. I am 24 years old. I pay for my car outright and I currently work full time and go to school full time. So, I am paying for school in cash. When I transfer I expect to take on some debt.
Absolutely no debt at all... no credit cards no car note no student loans my motto is if you can't afford to pay cash for it then you can't afford it :grin:
