(Closed) Average Credit Card Debt

posted 12 years ago in Money
  • poll: How much credit card debt do you have?








  • Post # 17
    40 posts
    • Wedding: June 2010

    Right now I have around $5,500 in credit card debt, left over from my grad school days when I was broke and not so smart about spending.  My balance was MUCH higher 3 years ago and I haven’t put anything new on a credit card since then, unless I have the cash to pay it off immediately.  I learned the hard way that carrying cc debt is a financial and emotional drain, and have since resolved that if I don’t have the money to buy something, I won’t buy it.  Period.  I paid cash for my car.  Mortagage is the exception.  I have student loans but I feel that type of debt is in a different category.

    Fortunately, Fiance is frugal and smart about money, and he’s been a great influence on me in this department.  He has no debt at all.

    Post # 18
    282 posts
    Helper bee
    • Wedding: September 2007

    I’m proud to say that we pay off our CCs every month. Both of us have student loans, but I also look at that as good debt. It was an investment in our future!

    Post # 19
    943 posts
    Busy bee
    • Wedding: June 2008 - Winery in the Gold Country

    I racked up $8K wedding planning, but got it down to $0 in 6 months. Have paid my balance in full every month since!  It’s good to be on the other side of wedding planning… I spend much less money!

    Post # 20
    113 posts
    Blushing bee
    • Wedding: August 2009

    I have about $3K in credit card debts, but I’m in school and have managed to pay for all of my tuition in books in cash.  The debt comes from having to unexpectedly having to move and not having the cash to pay for moving expenses as well as a little bit of car repairs.  

    Post # 21
    1237 posts
    Bumble bee
    • Wedding: September 2009

    Not much but still too much! The student loans are a different story!

    Post # 22
    264 posts
    Helper bee
    • Wedding: July 2010

    As of today, I have $3,558 in credit card debt. That’s down from $8,100 on January 1. I plan to have it paid off on November 1. I racked it up living beyond my means (read: living alone) during grad school.

    Boyfriend is excellent with his money; he never carries a balance. I actually "came out" to him last week, when I sat him down with my budget spreadsheets. We are talking about buying a house together, and I wanted him to know where I am at financially. It was a little intimidating to tell all of this to someone who handles his finances as well as Boyfriend does, but he took it well, and I think it was really good for our relationship.

    I also paid off my car last week!!! Wohoo!

    And after November I’ll have about $19,000 in grad school loans to pay down.


    Post # 23
    59 posts
    Worker bee
    • Wedding: May 2021 - St. Charles Borromeo Church/Jefferson-Orleans North

    Zero…DH has no credit cards and mine are paid in full every month. 😀

    Post # 24
    21 posts

    Zero CC debt, over 6 figures of med school loans at a low rate (likely less than inflation).  Fiance has no debt– paid off master’s loans within a year after he got out. (And he’s been working for 7 more years than I have!) 

    Kitten, [email protected] "a Ferrari’s worth" of grad school debt.  Sometimes I joke that I’d love to use my degree as part of a down payment for a house.  We’re in the SF area and it’s NOT cheap here at all.

    Post # 25
    124 posts
    Blushing bee
    • Wedding: August 2009 - Eastside Catholic Chapel and Lake Union Cafe

    $0.  We use our card all the time but we pay it off every month.  I have no student loans (I paid them off 2 years ago!!!!!) but Mr. Joey has at least an new "prius" worth of student loans. 

    Post # 26
    517 posts
    Busy bee
    • Wedding: May 2009

    I’m with you ladies on the student loan "Ferrari", I call it my ‘educational mortgage’ and try not to feel too bad about it. 🙂

    Post # 27
    182 posts
    Blushing bee
    • Wedding: July 2010

    $0 for both of us…we both use our cards to buy everything only to get the rewards back…we pay our cards off each month.  He was really lucky that he had money for his undergrand and masters.  The only "debt" we have is we each owe on our cars but we live in Southern California and we’re probably always going to have a car payment! 

    Post # 28
    3605 posts
    Sugar bee
    • Wedding: May 2010

    i have access $150K credit limit in cards and at my very very worst i owed $28K to the banks… all those holidays and shoes i guess

    it was just STUPID that i owed anyone that much money at high interest rates so i rolled them over into one low interest bank loan and in Feb this year i happily paid off the loan and the sense of relief was amazing. 

    i really wanted to be as debt free as possible when i got married to my Fiance as he is very responsible with money (even our home is mortgage free as he bought this before we met) and although he said it wasnt a deal breaker with us he was very supportive and i reached my goal 3 months before the wedding

    Post # 30
    299 posts
    Helper bee
    • Wedding: September 2011

    Student debt: A SCARY AMOUNT.

    CC: 0


    Post # 31
    1835 posts
    Buzzing bee
    • Wedding: February 2013

    We don’t have any credit card debt, and neither of us has any school debt yet, either. The way it’s looking, by the time we finish up, my fiance won’t have any (his parents have an RESP for him) and I might have a bit (I’m relying entirely on my own savings, BUT I’m set for the next year for sure, and I’ll be looking at scholarships right away this year (to apply for year 3 and 4) so that I can save me some cash). Hopefully our wedding won’t set us back so much; we’re budgeting $5000. I want to save on our honeymoon, but my fiance wants to go on a traditional (aka, EXPENSIVE) one — and if I’m honest, so do I…I just don’t want to spend money on it.

    We will be buying a house/condo in a couple years, so we’re saving up for that, big time! 

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