(Closed) NWR: How in DEBT are you?

posted 9 years ago in Money
  • poll: How in DEBT are you?
    0$ - $1,000 : (65 votes)
    24 %
    $1,000 - $5,000 : (35 votes)
    13 %
    $5,000 - $10,000 : (32 votes)
    12 %
    $10, 000 - $15,000 : (20 votes)
    7 %
    $15,000 - $20,000 : (17 votes)
    6 %
    $20,000 - $25,000 : (12 votes)
    4 %
    $25,000 - $30,000 : (10 votes)
    4 %
    $30,000 - $35,000 : (7 votes)
    3 %
    $35,000 - $40,000 : (11 votes)
    4 %
  • Post # 32
    Member
    5493 posts
    Bee Keeper
    • Wedding: August 2011

    We just have my law school loans which are WAY over the highest category on the poll.  However, that sort of debt is an investment in my future and something I don’t regret for a second.  I’m comfortable with knowing that it will be just another bill to pay every months for the next 20 years or so.  Luckily those loans enabled me to have a career that makes paying that bill not a huge burden. 

    Post # 33
    Member
    100 posts
    Blushing bee
    • Wedding: September 2011

    The only debt left with Fiance and I are my school loans (39k left). We’re going to focus on paying it down after the wedding Laughing

    Post # 34
    Member
    5889 posts
    Bee Keeper
    • Wedding: May 2012

    @One2-Three4: thank you so much for starting this thread.  i constantly think that i am drowning in debt, and i really stress my guy out about it, but it is nice to know that we are actually in much better shape than i realized.

    Post # 35
    Member
    347 posts
    Helper bee
    • Wedding: June 2010

    The only debt my husband and I currently have are our student loans, which we’ve been paying off aggressively. In the next few years, we’ll have to replace both our cars, so that will add more debt. We pay off our credit cards every month, so at least we don’t have to worry about those.

    Post # 36
    Member
    2090 posts
    Buzzing bee
    • Wedding: August 2010

    Student loans are over 40k, but outside of that I have less than 10k in debt – just my car loan, and my car is worth substantially more than what I owe on it, so that’s good. No credit card debt.

    @JuneBride_26June2010: My good friend lives in Indiana – needless to say, I HATE talking about home prices with her!!!! Tongue out

    Post # 37
    Member
    988 posts
    Busy bee
    • Wedding: August 2010

    Just got married a little over a month ago and I am proud to say both of us are debt free! Our College tuition was paid in full by the time we graduated and our wedding was also all paid in “cash” meaning we didn’t put any of it on our credit cards or on loans. I did take a cosmetology course last year that cost me around 15k which I also thought I paid in full until two months ago I got a collections letter for almost 2k!!! I am pretty upset about it because I was under the impression that it was all paid and done so I guess I lied I still have THAT to pay for.

    Post # 38
    Member
    4384 posts
    Honey bee
    • Wedding: May 2011

    We have about $7500 in school debt left, and about 5K left on our car loan! We’re lucky we both have good jobs, and worked our way through university using co-op terms 🙂 Came out relatively debt free!

    Post # 39
    Member
    4506 posts
    Honey bee
    • Wedding: September 2010

    Ugh, 2 expensive degrees put me *well* over 40k in debt. :S No other debt of any kind, though, thankfully–not even any student debt on his side!

    Post # 40
    Member
    1254 posts
    Bumble bee

    @Birdie Love: Same here… paying student loans until death. It went from $5k to $80k with a graduate degree…Cry 

    My home is my only other debt and since the real estate market took a turn for the worse several years ago, it is more of a liability now than an asset.  Double cry!!

    Post # 41
    Member
    1667 posts
    Bumble bee
    • Wedding: May 2011

    ha,hahhaa,HAHAHAHA, I can even begin to describe it to you, I payed for two years of private school out of state on student loans, payed for a study abroad on a credit card (even though i had two jobs in college to pay for my daily expenses), and am now paying for our wedding almost entirely by myself. . .hahaha, I do this crazy nervous laugh when i start thinking about it *cue nervous eye twitch*

    Post # 42
    Member
    931 posts
    Busy bee
    • Wedding: March 2011

    Law school. Nuff said. Ooof

    Post # 43
    Member
    351 posts
    Helper bee
    • Wedding: September 2010

    Well, the only debt i have is my house and a little left on my car loan (5k). Thankfully, undergrad was paid by my parents, and employer paid my grad! Fiance on the other hand has about 15k total in credit cards and student loans, and 13k for his car. So…i am adjusting to the fact that it’s now MY debt and aggressively working to help pay it off. I’m not used to that kind of debt so i’m sloooowly starting to adjust and come up with a successful payoff plan. The car loans don’t bother me – we will always have those payments (i tend to like newer cars lol), but the credit card debt does. Sigh…

    Post # 44
    Member
    1508 posts
    Bumble bee
    • Wedding: October 2009

    $12,500 on a car is all we have besides the mortgage and we could pay it off in cash tomorrow if we wanted.  Hubby didn’t have students loans thanks to the In-laws and a company paid Master’s degree. I finally paid my Student loans off two years ago but I’m 37.  Wedding paid for in cash by us, with maybe a third of the cost from parents.

    Post # 45
    Member
    750 posts
    Busy bee
    • Wedding: June 2010

    We owe about $37K on our combined student loans, but that’s our only debt. I’m guessing most people with a mortgage will be well over $40K in debt.

    Post # 46
    Member
    593 posts
    Busy bee
    • Wedding: May 2010

    A friend of mine posted on FB that he’ll be paying $40,000 in interest alone on his school loans…is that even possible/legal?

    And why would he post something like that on FB? So many questions! For now I’m thinking he did his math wrong.

    I am thankful I did not need any school loans but I understand they are “good” debt rather than the “bad” CC debt that I actually do have 🙁

    The topic ‘NWR: How in DEBT are you?’ is closed to new replies.

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