(Closed) How much debt are you in?

posted 8 years ago in Money
  • poll: Whats the amount of your debt?
    Debt Free : (94 votes)
    27 %
    $1000-$10,000 : (78 votes)
    22 %
    $10,000-$20,000 : (34 votes)
    10 %
    $20,000-$30,000 : (39 votes)
    11 %
    $30,000-$50,000 : (24 votes)
    7 %
    $50,000+ : (79 votes)
    23 %
  • Post # 107
    Member
    808 posts
    Busy bee

    I only have a little less than 3,000 dollars in school loans left to pay off but I have more money than that in savings so technically I’m debt-free. Once I completely pay them off I’ll really be debt free but I’m planning to go back to school after I pay them off so I’ll most likely end up with more loans.

    Post # 109
    Member
    811 posts
    Busy bee

    We’ve not got proper debt – SO has a mortgage and I have my student loan

    Post # 110
    Member
    1829 posts
    Buzzing bee
    • Wedding: July 2011

    I’ve got $8000 left in student loans and could easily have paid them off many times over but with the interest rate on them so low, it doesn’t make sense to spend that money right now.    The interest rate on the loan is about 2% and our savings account is currently getting 6.5% (gotta love Australia’s booming economy!) so I’d rather keep the money in my savings and just throw a few hundred dollars at my loans each month.   Darling Husband doesn’t have any debt so it’s not a huge deal to have my student loan… especially knowing we could pay it off in full at any time without any stress.  

    Everything else we pay off in full straightaway – credit cards, cars, major purchases etc.

    Post # 111
    Member
    403 posts
    Helper bee
    • Wedding: June 2010

    We have a fairly small mortgage on our home and school loans for both of our professional degrees.  So, a lot.

    Post # 112
    Member
    540 posts
    Busy bee
    • Wedding: May 2012

    Just under 40k… all of which is from student loans… we graduated five years ago Cry.

    Post # 113
    Member
    2559 posts
    Sugar bee
    • Wedding: September 2010

    5k in student loans. 10K or so on my car (we own his, mine broke down so we had to replace). And a whopping $300.00 on my credit card. I consider student/car/house loans to be typical debt and part of life, but we are VERY wary of credit debt so while I try to use them to build up credit, we pay them off quickly.

    Post # 114
    Member
    2892 posts
    Sugar bee

    200K. But that’s a mortgage, which I don’t really look at as bad debt.

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