Question for all of the "Honest Abe" types out there...
How many of you are carrying debt? Some, a lot?
Bonus points if you are ballsy enough to attach a number...anonymous comments welcome.
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I think for some reason it is a taboo subject and that spills over onto the net.
Truth: No debt. We only spend what we can afford, actually we spend less than we can afford. Does this make me a bad person?
Posted by: Melissa | Tuesday, July 18, 2006 at 06:31 PM
About 5k - 4 and change on the car, and slowly working up to a grand on the credit card since I've been debit-card less for over a week now.
Posted by: Kate the Peon | Tuesday, July 18, 2006 at 07:14 PM
My husband lost his job last october and was unemployed for 7 months. The job he got a few months ago SUCKS! and is just getting us by. So glad he got that masters degree.... We take money each month to pay bills, from our savings which is scary. We were in wonderful shape before all this happened. Even after all this we have our house which I dont really consider bad debt. No CC debt, but we owe about $45,000 in student loans. I really wish those would go away.
Is there a reason you ask or just curious like the rest of us?!
Posted by: Abby (ctmommie) | Tuesday, July 18, 2006 at 09:06 PM
at least $3000 possibly as much as $10
Posted by: anonymous | Tuesday, July 18, 2006 at 11:33 PM
We only spend what we earn...so that is good, and the only debts we have are the mortgage and my frickin $56K college loans, so very glad I went for the masters degree since I now hang out with a one year old all day.
Posted by: Kirsten | Wednesday, July 19, 2006 at 12:23 PM
Gee, so many people out there like me that are enjoying the fruits of their expensive education by spending their days with their kids!
As for debt, $4000 left on the truck and $47000 left on the house...no CC debt though...
Posted by: Shann | Wednesday, July 19, 2006 at 02:07 PM
We have our house~$150k, a car that will probably die before it is paid off~$15k, my student loan ~$13k, cc debt ~$3k and home equity loan of ~$40k - that is the one that is killing us.
We are in over our heads at the moment but husband gets a nice raise in a couple of months and has taken on a part time job to help us get back above water. I am looking for something PT that I can do from home to help out as well.
I hate this because we worked so hard to get everything cleaned up and paid off before we bought our house and now we are back to square 1 but we are determined to make it better so hopefully it will.
Posted by: hanging my head | Wednesday, July 19, 2006 at 02:20 PM
$1.7 million
Posted by: Peeved Michelle | Wednesday, July 19, 2006 at 04:09 PM
We owe about $15k on our car, $175k on our house, probably around $30k in student loans, and close to $10k in credit card debt. We hate owing this much, but we're gradually chipping away at it all and doing the best we can to get out from under all this debt.
Posted by: Amy | Wednesday, July 19, 2006 at 08:08 PM
gah!
38k - house
7.5k- truck
10k - restaurant
15k- student loans
1.5k- credit cards
boohoo
Posted by: Pamalamadingdong | Wednesday, July 19, 2006 at 11:42 PM
P.M.: I hope you're joking because I'm laughing pretty hard. If you're not, so sorry...
Hope we all hit the lottery , and SOON.
Posted by: Mom | Thursday, July 20, 2006 at 07:42 AM
I am not joking, but it is all mortgages. My husband and I own several income properties.
Posted by: Peeved Michelle | Thursday, July 20, 2006 at 04:28 PM
Does that include your house? We have as of right noe about $6500 on a credit card and one car payment. We did good though because the credit card was actually about 13,000 and we paid half of it this year.
Posted by: Amanda | Thursday, July 20, 2006 at 07:13 PM
Lots thanks to school loans, mortgage and car payments.
Posted by: Jazzy | Friday, July 21, 2006 at 09:36 PM
I spent about 8 months right after I moved here underemployed and living off the credit card. You can imagine the current balance is not a good thing. I'm working on getting out of it but it is slow going.
Posted by: jo | Saturday, July 22, 2006 at 01:41 AM
Debt? We are buried in it, up past our heads, with no chance of ever getting out barring a winning lottery ticket. It's awful. And, we can't afford any lottery tickets.
Posted by: Mamacita | Monday, July 24, 2006 at 02:02 AM