(Closed) Are you trying to be a debt free bee in 2013?

posted 6 years ago in Money
  • poll: Are you trying to be debt free in 2013?
    Yes, I have a plan and I am sticking to it! : (35 votes)
    28 %
    No, I am avoiding looking at my bills/debts at all costs (for the time being) : (5 votes)
    4 %
    Slow and steady wins the race right? I pay what I can, when I can.... : (37 votes)
    30 %
    I will never be out of debt....and I have come to accept it :( : (11 votes)
    9 %
    Debt?? I do not owe a penny to anyone.....other than my mortgage ;) : (24 votes)
    19 %
    No debt whatsover. I own my house, my car, my lawn and my dog. :) : (12 votes)
    10 %
  • Post # 3
    Member
    3175 posts
    Sugar bee
    • Wedding: May 2012

    We are trying, but our student loans are around 60k plus, so I don’t see it happening this year. We don’t maintain cc debt & wont take on a mortgage until our loans are paid. We are living in free housing right now (doing work on an old house in Exchange for rent) & are very budget conscious so we can put all our extra towards loans. Congrats on your soon to be non existent debt!

    Post # 4
    Member
    529 posts
    Busy bee
    • Wedding: January 2013

    My wedding is in 9 days and after that, I plan on paying off my debt. I’m going to pull my credit report and start paying. Paying on this wedding made we think about my debt and how I can pay it down. So, starting 1 Feb I’m going to be paying bills….LOL.

    Post # 5
    Member
    2622 posts
    Sugar bee
    • Wedding: November 1999

    I am somewhere in the middle.

    I have debt and I have no plan to pay it off early because it doesnt make sense based on our plans.

    IE student loans are so low that I can invest the money and make more money. I would lose money by paying them off considering time value of money etc

    We have a small amount on a car, but again its low interest and I rather pay that money towards a down payment or vacation etc. 

    Post # 6
    Member
    2295 posts
    Buzzing bee
    • Wedding: April 2013

    Congratulations – what an awesome plan! That will be a great way to start out married life.

    Fiance and I are both debt free, with lots of hard work. I started following Dave Ramsey’s teachings 8 years ago and haven’t had debt besides my mortgage since early 2008. Fiance took his class with me this summer and got motivated as well.

    I actually just sold my condo, so no mortgage any more. We are renting for a couple of years until we figure out what area of the country we are going to put down roots in. Fiance paid off his car loan out of savings in early summer, and he has been re-building his emergency fund.

    So, while I’m not paying down debt, I am DEFINITELY all about financial goals and wanted to encourage you! It is such an awesome, peaceful way to live. And you’re right, when there are no debt payments, you have a lot of money free to make choices with.

    Our next big goal is saving towards a house. We will be living off of his income and banking mine. Depending on how long it takes for us to figure out where we want to live, if it’s 3 or 4 years, it’s very likely we will pay cash for a house. THAT is cool stuff to me! Imagine not having debt OR a mortgage/rent. Then the snowball on building wealth/giving really gets going. So I kind of look at it as paying off a mortgage in advance as the goal we’re working on now.

    Or, we might just have a big down payment. I’ll be happy either way!

    Post # 8
    Member
    2457 posts
    Buzzing bee
    • Wedding: September 2012

    I’m going to be in debt with student loans until my mid-thirties.

    As for personal debt… we hope to have it paid off by the end of next year! πŸ™‚

    Post # 9
    Member
    2065 posts
    Buzzing bee
    • Wedding: December 2011

    Good luck, you’re so close!

    No chance of the mortgage or our student loans being paid off, but we’re ok with that. Our goal is to have the $7K of credit debt paid off by the end of the year. It used to be 15K, so we’ve paid down half of it, which is super exciting. Pro tip: never financially support a deadbeat family member for 6 months who refuses to get a job and spends all the money they can get on pot (welcome to my father in law!).

    Post # 10
    Member
    2286 posts
    Buzzing bee
    • Wedding: Central Park

    FH and I are working on paying off all CC debt and medical debts. I’m not including my car loan as part of our debt since that will take years, just the little unnecessary things.

    Post # 13
    Member
    6512 posts
    Bee Keeper
    • Wedding: September 2012

    Haaaaaaaaaaaaaaaa!

    I don’t have any personal (CC and the like) debt outstanding, but my student loans will tie me up for some years still.  Though I AM aiming to pay one off in full this year!

    Post # 14
    Member
    2295 posts
    Buzzing bee
    • Wedding: April 2013

    @bmo88:  Oh yeah, the religious stuff can definitely be strong. I’m not religious at all (and neither is FI), so we just have to let that stuff roll off our backs.

    I listen to his shows daily on iHeartRadio! Perfect for when I’m working on wedding stuff in the evenings, haha.

    Post # 15
    Member
    13251 posts
    Honey Beekeeper
    • Wedding: November 1999

    Fiance has law school loans, so nope, there’s no way we’ll pay all that off in 2013.

    Post # 16
    Member
    615 posts
    Busy bee
    • Wedding: April 2012

    Definitely planning on being 100% debt free by the end of 2013. I am down to the last several k in my student loans, and it’s very do-able to have it all paid off by the end of this year. I have absolutely no credit card debt and my car was paid off years ago. My husband has no student loans, nor has he ever had credit card debt, either.

    I am VERY excited about the prospect of paying off the last of my student loans, because that is when we’ll start TTC. =]

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