[Old Pa]

Since a principle attribute of this forum seems to be getting people to buy expensive kit they had never heard of before coming here, debt seems an obvious point of discussion. 'Fess up; how deep are you? Is it just headphones? My profile details my most obvious weaknesses . . .

This is the kind of thing you have to think about if you want to have a future. BTW, the last category is supposed to be more debt than any of the preceeding, not the early abandonment of hope.

EDIT: BTW, I'm in category #2.

 

[nickknutson]

My wife and I have $20K, total. It's all my wife's student loans, and they'll be gone in the next year...I hate owing people money!

I like your quote in your sig by the way...extremely true.

You should add student loans to the poll.

 

[NacMacFeegle]

4.5 years left on our mortgage then all will be ours...However 2 sons approaching college age??? Maybe I should have voted for the last option

 

[LFC_SL]

First year uni... £10k p/a overall... will be £30k at the end of my course

 

[KYTGuy]

While there IS a Mortgage Balance of around $200K, and a $110K second (due to recent metal roof and fire-resistant siding install), and a small balance remaining (months) on one of the three cars, what is in my retirement account from cashing out of my Union Job of over 30 years covers those sums many times over...But for the money transfers to end the paperwork, We are free and clear. Would be nice if the gov't would allow me to get it over with, but until I reach 62 1/2, it must be thus.

 

[ken36]

Free at last, free at last. I was taught as a child to pay as you go, except for your house. I did that. There were a few exceptions, which I don't want to mention here.

 

[Old Pa]

Quote:

Originally Posted by KYTGuy /img/forum/go_quote.gif Would be nice if the gov't would allow me to get it over with, but until I reach 62 1/2, it must be thus.

Those rotten pig-dogs.

Quote:

Free at last, free at last. I was taught as a child to pay as you go, except for your house.

House, education, necessary medicals; the list is best kept short.
Quote:

You should add student loans to the poll.

You know, I thought about that, as student loans have a definitely different taste than consumer credit. But this is a general poll, and in the end I just wound up raising the limits and assuming good comments like yours would be made.

 

[Rock&Roll Ninja]

The wife has a backlog of almost $30k in medical debt
I owe maybe $5k, but thats tied-up in litigation (was hit by car)

 

[Homeless]

My wife and I have about $25,000 CDN of student loans combined. We also have $78,000 and change left on the mortgage...but I don't feel too pressured about that debt. I would like to clear the student loans asap...

 

[snejk]

What if you're between $50k and $1000k? The poll only has options for below 50k and above 1000k? Heck, either way I'm owned by the banks!

 

[ericlikeseatin]

im renting right now so the only debt i have is my freaking car. 15 more payments left!

 

[GlorytheWiz825]

Oops, meant to select "No Debt" but instead selected "Megabucks, free and clear" -_-;

Anyway, I think it's good to be a student and in a situation where I don't have debt. Well, so far anyway...

 

[zotjen]

Other than my mortgage, I have no debt.

 

[Socratez]

I used to be married to the Devil's daughter so she put me in the low 20's behind my back.

Now I've found Head-Fi...

 

[guzziguy]

Almost everybody has some debt. It's not a good indicator of what I think you are looking for here. Rather than asking about debt, maybe it would be better to do a poll on net worth. You could change the entries to something like this:

1. greater than + $10M
2. + $1M to + $10M
3. + $100K to + 1M
4. $0 to + $100K
5. -$100K to $0
6. owes everything but soul
7. soul too!

To answer the poll as written, I'm in the missing range of >$50K and <$1M in debt. The mortgage makes up virtually all of this. The house is worth more than 2X the mortgage. This is why debt is not a useful indicator of someone's financial state.