- 2 years ago
- Wedding: May 2020
No option for less than 1k
No option for less than 1k
My husband is completely debt free. I have just shy of $40k in student loans and just over $5k credit card debt.
I just got a fairly substantial raise and my plan is to absolutely shovel all of it toward the debt, once a $4-5k house repair is complete (MUST be done before winter). If I stay as aggressive as I intend to be and nothing unexpected comes up, I should be debt free in about 5 years or so. I’m thrilled to even be able to see the light at the end of the tunnel.
I do have a car loan, but I owe far less than the car is worth so I don’t really think of it as debt. I could sell the car tomorrow and pay off the loan and have enough left to buy something reliable outright.
indyJEEP : i do, i am really enjoying driving it. it drives like a car and has really nice pickup. with #2 on the way and traveling with our dog, there is so much room. we wanted to get the 2nd model but they were out of stock. so we got the 3rd model for the 2nd model price. it has some really nice features.
At the current moment, I have zero debt. I have credit cards, which I pay off the amount I charge each month, so I never pay the interest rates, just gaining points for my credit score.
My SO simply has $5500 in student loans. He shares the same philosophy with credit cards too!
My car is 19 years old, with 250k miles and wonderful Midwest rust slowly eating it away, like a cancer. So, I am prepared to buy my great aunts car if she decides to sell it next October, which she has talked about. I have all cash saved for that.
Since we’re both in college yet, with two years to go, and are likely having a wedding within a year of graduating, we will have more debt coming our way. Based off of my calculations, my SO will have around 8k in student loans, and I will have about 5k. This depends on if I buy a new car, and whether we stop at the courthouse and get legally married (financial aid will go up along wtith tax returns if we go this route).
Either way, we’ll have 15k or less after graduating and our wedding. Since my SO will be an engineer, and I will be something in the lines of media, we plan to have our honeymoon, save for a down payment, and pay off our debt in two to three years. Which won’t be too bad for 26yos!
I’m finishing my last year of graduate school this year so after 6 years total of education, I’ll average around $75k. It’s unfortnuate, but nothing I can really do at this point. I chose education and I did budget the best that I could. I only took out what I absolutely needed, but grad school really squashed me.
My Boyfriend or Best Friend has none. He graduated with around $25k because he went to community college the first 2 years and was able to pay that out of pocket. He transferred to a university, found a job right after graduation from undergrad, and paid his loans off in 1.5 years. It is relieving that at least one of us has paid off student loans.
Not mortgage yet and no credit card debts. He bought his car used and cheap in cash a few years ago, and my car was passed down to me. So no car debt for right now at least.
We just have our cars if you aren’t talking mortgage. We don’t have any credit cards and neither one of us went to college so that gave us a head start on no debt.
I voted 25-50k. But MOST of that is our two cars (his car, really, since he went brand new). I have ~10k in student loans left, no cc debt. I could never go into cc debt. The stress would kill me.
We were lucky to have paid off all $45k of student loans last fall. Other than our mortgage we have:
I think I have between 10-25k in student loan debt, honestly I don’t know though. Pretty sure it’s closer to the 10k end than the 25k. It’s interest free, so I really don’t care.
Other than that it’s just our mortgage, which sits a little below 400k.
indyJEEP : Re: your question about adoption – if you are not going through the foster system (which we want to, but not the best option for us b/c it is super hard to find an infant to adopt), we are considering private domestic adoption – total costs range from $25,000-$45,000. Costs are even higher for international adoption. We never thought we would necessarily be on this road, but it may be a little more manageable with the tax credit, low interest loan, and potential grants.