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November 15, 2019, 12:15:09 AM
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Debt loads... what's NOT in your wallet?

 
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Aske
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Debt loads... what's NOT in your wallet?
« on: December 19, 2006, 04:16:48 PM »

since we don't own a house / condo yet,  ours is mostly in car/cc's (and a big ass attorney bill being monthlied off)

total outstanding debt is around  20% of one year of our combined income.    Cry   

working hard to get rid of it.

getting started in life suxass
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
--  Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka
twoiron
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Re: Debt loads... what's NOT in your wallet?
« Reply #1 on: December 19, 2006, 04:22:58 PM »

since we don't own a house / condo yet,  ours is mostly in car/cc's (and a big ass attorney bill being monthlied off)

total outstanding debt is around  20% of one year of our combined income.    Cry   

working hard to get rid of it.

getting started in life suxass


LMAO
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"Nothing says sorry like a warm plate of bacon... or so I'm told"
Aske
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Re: Debt loads... what's NOT in your wallet?
« Reply #2 on: December 19, 2006, 04:23:43 PM »

since we don't own a house / condo yet,  ours is mostly in car/cc's (and a big ass attorney bill being monthlied off)

total outstanding debt is around  20% of one year of our combined income.    Cry   

working hard to get rid of it.

getting started in life suxass


LMAO

 Cry  i know it's pathetic.
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Quote
Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
--  Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka
stegerman
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Re: Debt loads... what's NOT in your wallet?
« Reply #3 on: December 19, 2006, 04:37:41 PM »

'suxass' 'success'

'tomato' 'tomato'
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Think globally, act like you are the only one on the entire planet..
Aske
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Re: Debt loads... what's NOT in your wallet?
« Reply #4 on: December 19, 2006, 04:41:06 PM »

'suxass' 'success'

'tomato' 'tomato'
Cool
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Quote
Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century.
--  Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka
Torpedo
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Re: Debt loads... what's NOT in your wallet?
« Reply #5 on: December 19, 2006, 07:50:14 PM »


what's NOT in your wallet?

Money. Wink
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spacey
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Re: Debt loads... what's NOT in your wallet?
« Reply #6 on: December 19, 2006, 08:26:37 PM »

'suxass' 'success'

'tomato' 'tomato'

Profound.  Cheers
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stroh
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Re: Debt loads... what's NOT in your wallet?
« Reply #7 on: December 19, 2006, 08:29:30 PM »

'suxass' 'success'

'tomato' 'tomato'

Profound.  Cheers

 BS  If he knew his Macaca, he would have said catsup.
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spacey
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Re: Debt loads... what's NOT in your wallet?
« Reply #8 on: December 19, 2006, 08:30:22 PM »

We have next to no consumer debt. Her car is paid off, mine will be in August. Never carry a balance of more than a couple hundred dollars on the credit card.

Laura wants a new car but I think we'll wait to buy it until mine is paid off. Pretty sizable mortgage, but our equity is also pretty decent. A fair amount of student loan debt, but I don't really consider that to count.

We have a few years on you guys, and it sucked getting here, and we made some really stupid decisions along the way, but life is good now. Hang in there.  Buddies
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E-A-G-L-E!
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Re: Debt loads... what's NOT in your wallet?
« Reply #9 on: December 19, 2006, 08:59:20 PM »

Quote
what's NOT in your wallet?

Credit cards.  Grin
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He is no fool who gives what he cannot keep to gain that which he cannot lose.  - Jim Elliot

stroh
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Re: Debt loads... what's NOT in your wallet?
« Reply #10 on: December 20, 2006, 07:04:29 AM »

I didn't have the time to respond yesterday.  And last night, it's to hard to type these with one eye closed.

We are pretty much the same, as mentioned before, I guess.  We have dug ourselves out, thorugh 11 years together, had plenty of ups, and downs.  We really need to dedicate more to savings, and it seems like evry week is paycheck to paycheck, but we actually got ourselves into decent shape. 

The biggest thing is the house.  I wouldn't say over-extended, but I definitely work just to be able to say I live there.

We decided a couple of months ago, it's not worth it, and listed the house for sale.

1. House.

2. Both vehicles. 2005 with 4 years left on each.

3. 1 credit card w/ $1450.00 cap.  (this card goes up, and down throughout the year.  It's our Hotel/Vacation/slush/emergency utility.


That's it for consumer debt.  We have(do) paid cash for everything else.  Visa Checkcard = Best idea yet.

We are getting a 10% bonus this year,  my plan is to prepay as much of the recurring BS for the year, as I can.

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TFT
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Re: Debt loads... what's NOT in your wallet?
« Reply #11 on: December 20, 2006, 06:47:55 PM »

No credit cards.

Mortgage, we work in the mortgage field so rate is pretty good.

Car loan taken out in July for car, no payment on others.

Not been paycheck to paycheck for years, however, I don't have fond memories of what that was like.

Keep grinding Aske, the light comes later.

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twoiron
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Re: Debt loads... what's NOT in your wallet?
« Reply #12 on: December 20, 2006, 07:06:56 PM »



Keep grinding Aske, the light comes later.



Especially when you pay the electricity bill.....
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Fuzzy
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Re: Debt loads... what's NOT in your wallet?
« Reply #13 on: December 20, 2006, 07:07:45 PM »

Similar to TFT.

Mortgage, which is very manageable. When we built 9 years ago we put as much down as possible. Well worth it now. Plus, we refinanced 5 years into a 30 year loan and opted for a 20 year loan. Knocked 5 years of payments off and actually lowered the monthly bill by $40.

Wife's car loan.

One credit card, paid off every month.

We're in a favorable position today. But I remember when I lost my job in '91, 9 months after buying my first house. I can't get the smell of sh!tting my pants out of my mind Grin

Needless to say it was a very motivating life experience.

Keep plugging away. You'll be fine.
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"You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose."
From Oh the Places You'll Go, by Dr. Seuss (Theodor Geisel)
twoiron
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Re: Debt loads... what's NOT in your wallet?
« Reply #14 on: December 20, 2006, 07:19:22 PM »

.....I can't get the smell of sh!tting my pants out of my mind Grin


Don't worry... I'm sure when your kids put you in a nursing home later in life that smell will be all too familiar.... Shocked
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"Nothing says sorry like a warm plate of bacon... or so I'm told"
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