How much in debt are you?

Jason · #1 (**permalink**) 12-17-2005, 10:34 PM

So, how much in debt are you? You can use this thread as a way to come clean and to monitor your debt reduction-to see how far you've come over time.

Car Loans-$4,450
Mortgage- $60,125
School Loan-$8,785
Credit Cards-$6,410
Personal loan-$725

Grand total of ONLY $80,495

Yes it looks overwelming...but not impossible.

Next step is to make a plan...a legal plan!

Bluezy · #2 (**permalink**) 12-18-2005, 12:10 AM

I have debt totaling $233.46 due to the Christmas season and gifts. I will pay this balance off in January.

BAGAGT1 · #3 (**permalink**) 12-18-2005, 08:22 AM

Car Loan: $3800
Furniture Loan: $2200

Mortgage: $211,000

The first two simple enough. The last, it's a long term project.

PRICEPLUS · #4 (**permalink**) 12-18-2005, 11:57 AM

More than I care to be!

lrjohnson · #5 (**permalink**) 12-18-2005, 01:44 PM

Debt: zero.
-(one credit card with a $1,000 limit, nothing on it, just went from an unsecured card in October.)
-(2000 Saturn bought for cash in 6/03).

I have a real thing about debt, had bad credit die to medical, legal, and consumer debts, about $5k, in early nineties. $5k seems small now, but at the time it was crushing, really crushing. Paying evertyhing off on a small income (min wage part time, then $6-7 "full time"-37.5 hours) was hard but it felt so good. Debt scares me so much now.

However, I have no real assets. No house/mortgage. Part is being in California-the prices are just crazy. Part is fear. Fear of the debt, even though a mortgage can be good debt, and fear of the process. I have a County Employee pension, and a deferred comp plan, and a baby IRA, but really don't know much about any of them. Fear, again. I have too much cash (I think) in a regular low interest savings.

I though no debt would be the final goal, but I am ready to go the the next stage and it's almost comical how long it's been since I've had no debt that I haven't taken more pro-active steps regarding retirement, investment, and purchasing a house.

Snoopy2645 · #6 (**permalink**) 12-18-2005, 07:23 PM

Well mortgage is at about $17k & cc debt is about 3k due to alot happening the last 3 months but that is all at 0-2% interest so not too bad & just got a bill for my dd's surgery it is close to $1000 but I am on a payment plan with no interest so I guess in my whole life right now I owe $21k not too bad but I would prefer too owe NOTHING!!

PrincessPerky · #7 (**permalink**) 12-19-2005, 05:35 AM

Mortgage- a billion (thats what it feels like)
Car - a ton (feels like)
CC - 3000 (pretty close to accurate) -edit down, looked at last statement, better than I thought

.

I only feel confidant about getting rid of the CC, once that is done I will look at the other stuff, might even learn the real numbers

.

kashi · #8 (**permalink**) 12-19-2005, 07:04 AM

College Loan 1: $1,528
College Loan 2: $12,619
Credit cards: variable but paid off every month

I guess I shouldn't be too hard on myself, since I started out with $23,170 in loans four years ago. Interest has sucked up a healthy portion of my repayment amounts, unfortunately. Making progress, though!

PennyPincher · #9 (**permalink**) 12-19-2005, 07:29 AM

Ugh. It's just mortgages, but still...

$388,000!!!

This is for a condo and a townhouse - one is a rental, so it pays for itself on a monthly basis.

I pay all my CC balances monthly, and paid off my car this past February.

jmjj215 · #10 (**permalink**) 12-19-2005, 09:42 AM

No debt. But we're looking to get into a house w/in a year, so there'll be some (hopefully as little as possible) there.

flash · #11 (**permalink**) 12-19-2005, 01:02 PM

Zero debt. Since hubby and I both retired at 40, I'm looking to keep it that way.

Fern · #12 (**permalink**) 12-20-2005, 08:50 AM

Mortgage: About $87K
Car: 0
Other loans: 0
Credit cards: 0

FrugalTexan75 · #13 (**permalink**) 12-20-2005, 07:02 PM

Mortage: Don't own a house
Car: Paid off 97 Honda
CC: ~$900 -- could pay it off with money in savings, but with my job situation not stable yet, am paying the min X 2 each month + anything I put on it new.

Laura

Tree0164 · #14 (**permalink**) 12-21-2005, 04:25 AM

Car Loan 7,859
Mortgage 122,000

No credit card debt

german0955 · #15 (**permalink**) 12-21-2005, 03:35 PM

mortgage 142 K
Vehicle 21.4 K

jodi · #16 (**permalink**) 12-21-2005, 04:18 PM

Car #1: Owe $7k
Car #2: paid cash
Student loan #1: $6k
Student loan #2 (in deferment): $7k
Student loan #3 (in deferment): $4k
DH went back to school this year, hence the new debt.
cc: About $1k, but most of this is for our vacation next month. It will be paid off before the grace period is over.

StevenM · #17 (**permalink**) 12-23-2005, 09:19 AM

Mort - 152K
Cars - 12K
CC - 14K
Medical - 5K

Bluezy · #18 (**permalink**) 12-26-2005, 09:36 PM

Debt update:

An early payment was required for my initial application for my health insurance, plus an initial deposit for our HSA. My debt now totals $633.00, including Christmas expenses. This entire amount will be paid in full in January.

robex · #19 (**permalink**) 12-28-2005, 07:10 AM

Mortage: $90,000
Car 1: 0
Car 2: 0
Credit cards: 0
Other Loans: 0
DARN MORTGAGE!

Ima saver · #20 (**permalink**) 12-28-2005, 02:33 PM

car 1: 26K
car 2: 0
car 3: 0
car 4: 0
mortgage: 0
credit cards: 0
land: 38k

Can you tell my husband likes cars? Two are vettes, one old and one new, one is a 1933 ford victoria (restored) Our house is completely paid for. The land is an investment cause mountain view property is at a premium around here.