I wouldn't necessarily call buying a house as 'getting in debt' ..
After all, it's an investment also, isn't it? Anyways.. to early to start thinking of buying ahouse. Right now, I have a double digit sum in my 'home-buying fund'. Need to get it up to five digits.. on left side of the decimal place
I cant wait until I'm out of debt!! I'm currently at just under 30k but will have almost half of it paid off by April next year... at the same time I will be buying a house, car and new motorcycle... yay more debt!!
Originally posted by: allisolm
Now, except for @ $3k I owe my sister, everything else is paid off. I can actually start saving now
There may be mitigating circumstances that I know nothing about, but, unless your sister is independently wealthy, you might want to pay her off THEN start saving. Just a thought.
Congratulations on getting rid of the rest of your debt. I'm sure it feels good.
HAHAH He won't pay her back he's probally some scumbag who thinks its family so I don't have to pay her back. If he didn't feel that way he would have NEVER posted this until he paid he off. PAY your sister back man, You should have paid her back a little bit while paying the creditors and don't give me this crap about your credit report. WHAT ABOUT MORALS? Flame me if you want but I have a brother like you and he's into me for about $2,000 But when he gets his check does he pay me a little something NOOOOOO!!!! he buys video games, sh1t for his girlfriend, etc etc. Its like he forgets or thinks I owed it to him for being the older brother fuVK that money does not grow on trees.
/rant
/flamesuit on
No offence taken here, mate, but the thing is that out of the original 20, 700 debt, I owed my sister @ 7 K, which is now down to 3 k. Have I been paying off her loan? You dont think so? I thought as much. Just because you were unfortunate enough to have a financially unresponsible brother doesnt mean every other sibling is like that. As far as the credit report part is concerned, I dont necessarily think it's crap: lets face it: based on the cr. report, I dont owe anybody a dime.
Yeah Rights notwithstanding, I KNOW I would be paying off the rest of the debt, so I am not perturbed by any sarcasm. And teh reason for 'insista that I pay her off over the next year' is so that I can start saving for buying a house.
p.s: Looks like you havent been in deep financial sh!t before...Else you are simply extrapolating things based on one bad data point.
I don't see why we need a class to tell people to not spend money they don't have.
Just because your brother is a worthless piece of sh!t that doesn't mean the OP is.Originally posted by: Epoman
Originally posted by: allisolm
Now, except for @ $3k I owe my sister, everything else is paid off. I can actually start saving now
There may be mitigating circumstances that I know nothing about, but, unless your sister is independently wealthy, you might want to pay her off THEN start saving. Just a thought.
Congratulations on getting rid of the rest of your debt. I'm sure it feels good.
HAHAH He won't pay her back he's probally some scumbag who thinks its family so I don't have to pay her back. If he didn't feel that way he would have NEVER posted this until he paid he off. PAY your sister back man, You should have paid her back a little bit while paying the creditors and don't give me this crap about your credit report. WHAT ABOUT MORALS? Flame me if you want but I have a brother like you and he's into me for about $2,000 But when he gets his check does he pay me a little something NOOOOOO!!!! he buys video games, sh1t for his girlfriend, etc etc. Its like he forgets or thinks I owed it to him for being the older brother fuVK that money does not grow on trees.
/rant
/flamesuit on
Originally posted by: SampSon
I don't see why we need a class to tell people to not spend money they don't have.
Just because your brother is a worthless piece of sh!t that doesn't mean the OP is.Originally posted by: Epoman
Originally posted by: allisolm
Now, except for @ $3k I owe my sister, everything else is paid off. I can actually start saving now
There may be mitigating circumstances that I know nothing about, but, unless your sister is independently wealthy, you might want to pay her off THEN start saving. Just a thought.
Congratulations on getting rid of the rest of your debt. I'm sure it feels good.
HAHAH He won't pay her back he's probally some scumbag who thinks its family so I don't have to pay her back. If he didn't feel that way he would have NEVER posted this until he paid he off. PAY your sister back man, You should have paid her back a little bit while paying the creditors and don't give me this crap about your credit report. WHAT ABOUT MORALS? Flame me if you want but I have a brother like you and he's into me for about $2,000 But when he gets his check does he pay me a little something NOOOOOO!!!! he buys video games, sh1t for his girlfriend, etc etc. Its like he forgets or thinks I owed it to him for being the older brother fuVK that money does not grow on trees.
/rant
/flamesuit on
So true! :beer:
alkemyst
No Lifer
- Feb 13, 2001
- 83,769
- 19
- 81
Epoman read the freaking post before replying :roll:
I have knocked my $40k in CC type debt down to the last $6800 as of this month...I am paying about $1500 monthly so by the year's end that will be gone.
Then I will have about $7500 left on my car I just bought (only 7% interest), and will knock that out...I had paid cash for it, but got to thinking paying off college CC's at 20% versus a 7% loan is a lot better for my $9k.
My school loans are about $30k....something like 4% interest though, I will gear those up to triple payments of $750 once the rest is gone and bigger chunks here and there. Those are pretty reasonable and I don't feel so bad paying ($220/month).
My credit scores have been creeping up pretty regularly as well, which is an added plus as I will soon qualify for the best mortgage rates when I buy soon.
Once my bills are gone (not counting the extra I am paying and now used to paying) that will free up about $1000 per month...
I have knocked my $40k in CC type debt down to the last $6800 as of this month...I am paying about $1500 monthly so by the year's end that will be gone.
Then I will have about $7500 left on my car I just bought (only 7% interest), and will knock that out...I had paid cash for it, but got to thinking paying off college CC's at 20% versus a 7% loan is a lot better for my $9k.
My school loans are about $30k....something like 4% interest though, I will gear those up to triple payments of $750 once the rest is gone and bigger chunks here and there. Those are pretty reasonable and I don't feel so bad paying ($220/month).
My credit scores have been creeping up pretty regularly as well, which is an added plus as I will soon qualify for the best mortgage rates when I buy soon.
Once my bills are gone (not counting the extra I am paying and now used to paying) that will free up about $1000 per month...
:beer:
Good for you I'm glad your a responsible person. I just have REALLY messed up family members :disgust: Its great you paid your sister back most of it atleast. I just get pissed when family don't think they have to pay back. Out of my whole family I am the most financially responsible and they always used to come to me until I cut them off.
I've owed big amounts before to creditors in fact I've gotten out of debt a few times
So I'm sorry I've just been burned too many times.Epoman read the freaking post before replying
huh? I wasn't even talking too or about you. I was talking about paying his sister back not about the value of paying off creditors.
yup same situation here got out of college wasn't able to get a real job and went from all my cards payed off too about 5000 in debt in about a years time. Now I've got a better job still not big money I've got it too 3500 but I'm going to pick up a second job and get that taken care of then my attention will turn to get my 7k of student loans and my 30k of debt to my dad for college and my car gonna be a while on that but I'm sure my dad figured that
Anubis
No Lifer
great i just consiladated mine sweet 2.77% intrest rate, buy i have 17086.00$ to pay back
im im gonna get more soon
im im gonna get more soon
things happen but i have gone over a year without touching my cards at least although I've only got apart payed off
I agree. I WAS financially irresponsible once upon a time myself.
Hehe.. did the CC companies reduce your credit limits?
Congrats!
I only have about ~$3000 in school loans myself which should be paid off by end of this year
I only have about ~$3000 in school loans myself which should be paid off by end of this year
one did (which is the one I paid off??) oh well worse comes to worse between my 3 cards I can go over 10k in debt oh that sounds like fun!
Svnla
Lifer
- Nov 10, 2003
- 17,986
- 1,388
- 126
Congrats on paid off the debt. You will feel better when you are done with the debt to your sister.
I don't have any debt, no CC, no car payment, nothing. I guess I need to get marry, have a couple kids, a mortgate for 15 to 30 years..LOL.
BTW, I agree that we need to teach kids in school about personal finance/taxes/investment along with the 3Rs.
I don't have any debt, no CC, no car payment, nothing. I guess I need to get marry, have a couple kids, a mortgate for 15 to 30 years..LOL.
BTW, I agree that we need to teach kids in school about personal finance/taxes/investment along with the 3Rs.
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