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How much debt do you have?

G

Gravity

Diamond Member
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.
 
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.
 
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.
 
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.
 
240k in student loans (my fiance and myself) half of which get deferred, plus 5400 in CC 🙁 and NO JOB!!!!!!!!! 😀
 
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