How much debt do you have?

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Gravity

Diamond Member
Mar 21, 2003
5,685
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Just wondering what kind of financial burdens are represented here. At 40, I can say that it took years to get a handle on the finances.

BTW, let's calculate your debt minus car and house. That leaves student loans, credit cards and other cards.
 
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Yax

Platinum Member
Feb 11, 2003
2,866
0
0
Originally posted by: Gravity
Just wondering what kind of financial burdens are represented here. At 40, I can say that it took years to get a handle on the finances.

BTW, let's calculate your debt minus car and house. That leaves student loans, credit cards and other cards.
Click to expand...

The only thing I have to pay off is my house. I've got 95% left to pay. 300K home. can't sell it either, since the Agent fees would mean I'd lose like 18K then there's taxes.
 
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JHoNNy1OoO

Golden Member
Oct 18, 2003
1,496
0
0
About $8k in student loan debt. It will get paid off in the next 4 months though. Car is paid for and no house yet.
 
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Thegonagle

Diamond Member
Jun 8, 2000
9,773
0
71
Lotta student debt so far--like 10K and climbing.

No CC debt though. The balance is $877 because I just charged my car insurance, but I'll pay that off next month, so that doesn't count. ;)

I do owe $7800 on my car, and yes, I feel that counts as consumer debt, and it weighs far more heavily in my mind than the student debt. I'm way ahead on the car payments though. Should be paid off within 2 years, I think.

EDIT: Aw, crap! I just checked my CU accounts online and noticed that my touch-tone payment to the phone company hadn't been subrtacted from my available checking balance. Turns out I charged my payment with the wrong card (the credit card instead of the Visa-debit card--they're from the same CU and they look very similar). The balance is now a tad over $900. Oh well, I'll pay that off too.
 
BurnItDwn

BurnItDwn

Lifer
Oct 10, 1999
26,353
1,862
126
without the car zero after I pay my CC bill.
The car is is down to about 9500 though.
 
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Gyrene

Banned
Jun 6, 2002
2,841
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No debt. I actually have a decent networth for someone my age. College students are usually poor.
 
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Gyrene

Banned
Jun 6, 2002
2,841
0
0
Originally posted by: RossMAN
How high can you count?

It's higher than that :(
Click to expand...

Give me 11 days and I'll count to 1 million. That's quite a bit of debt. :(

Have a :beer: on me.
 
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gistech1978

Diamond Member
Aug 30, 2002
5,047
0
0
the only debt i have is my car.
i still owe 5500-6000 on it.
but im also only 25, so i have plenty of time to rack up more.
 
Dissipate

Dissipate

Diamond Member
Jan 17, 2004
6,815
0
0
Originally posted by: cheapbidder01
Originally posted by: Gravity
Just wondering what kind of financial burdens are represented here. At 40, I can say that it took years to get a handle on the finances.

BTW, let's calculate your debt minus car and house. That leaves student loans, credit cards and other cards.
Click to expand...

The only thing I have to pay off is my house. I've got 95% left to pay. 300K home. can't sell it either, since the Agent fees would mean I'd lose like 18K then there's taxes.
Click to expand...

If you keep the home for I think about 2 years you won't pay any tax on the sale. At least I believe that is how it is here in CA.
 
RossMAN

RossMAN

Grand Nagus
Feb 24, 2000
79,041
444
136
Originally posted by: dtyn
Originally posted by: TranceNation
student loans don't really count....
Click to expand...

Why, it's borrowed money that you have to pay back, with interest.
Click to expand...

My wife would be seriously po'd if I owed $1,000,000 or more :eek:
 
2

2cool4u

Senior member
Sep 19, 2001
478
0
0
240k in student loans (my fiance and myself) half of which get deferred, plus 5400 in CC :( and NO JOB!!!!!!!!! :D
 
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