How much in debt are you?

[Jason]

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]

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

[BAGAGT1]

Car Loan: $3800
Furniture Loan: $2200

Mortgage: $211,000

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

[PRICEPLUS]

More than I care to be!

[lrjohnson]

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]

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]

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]

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]

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]

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]

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

[Fern]

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

[FrugalTexan75]

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]

Car Loan 7,859
Mortgage 122,000

No credit card debt

[german0955]

mortgage 142 K
Vehicle 21.4 K

[jodi]

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]

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

[Bluezy]

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]

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

[Ima saver]

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.