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How much debt?

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  • #31
    The most I had was 14,000 in 2005, and that was when I just bought my car, ran up both of my credit cards, and my student loan payments just started kicking in.

    3 years later, and I'm cut in down to half, give or take a few dollars. One of my CC's are paid off, and the other CC will be paid off in about 4 - 5 months. My car will be completely mine in Oct, , and my student loan will be paid off hopefully in about another year. I know it sounds like I'm delaying paying them off, but all that debt fits into my savings plan that I've started in November.

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    • #32
      hmmm...I think the most debt I carried at one time (non-mortgage) was around 18K:

      student loan: 11K
      credit cards: 7K

      This was right after college. Except for the occasional car now and then (both are currently paid off), I try not to keep any debt other than mortgage and / or real-estate, etc (potentially appreciating assets).

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      • #33
        We've never carried any debt except for car loans...i think when we first got married we each had a new car and loans were around 18k for both (1991). Paid 'em off ran em into the ground and have only had one car loan at a time since. I just finished paying off my current car so no more loans except our house

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        • #34
          Dh and I both had about $15k in student loans after graduating...mine are currently under $5k, but DH went back to school for his Master's and he's back to $13k.
          I had a car loan for about $12k right out of school (bad idea). DH bought his last car with a loan of $8k. Both were paid off several years early. I hope to never finance a car again! We've never had any significant cc debt except for $5000 at 0% (DH's education, one semester) which we paid off before the promotional period ended.

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          • #35
            currently about 115K in credit card muck.

            I've been in credit card debt since the day I turned 18.

            on track now and paying it all back, one dollar at a time.

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            • #36
              $1200 in student loans as an undergrad... but now those loans are growing ($30k and growing) as I do my doctoral work.

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