No credit cards may help? I do not really know. We are in our mid and late 20s and have had no credit cards yet, try to spend little. I was scared away from credit cards pretty early as I seen my parents struggle with debt on them. Later, I seen plenty of warnings to parents and to young people my age about cards and I was like, duh! And then others came to me and said that I should not demonize credit cards. "Get one", they tried saying in almost seductive voices, "It is good to build up good credit". I consider sometimes, maybe when I have a better job. But we really are doing well without them, we even own a house! But let us see how well we do when we have a car payment...
How Much Debt Do You Have? (Private Poll)
09/09/2010
Don't have a house and no credit cards, and that is exactly how we like it. No debt and if we don't have the cash to pay for it, we do without.
12/20/2010
I have student loans and a couple of credit cards with not much on them. I also have a car loan, though since I can easily afford to pay it every month, I don't think I'd consider it debt. I know I will be suffering when I graduate college
12/20/2010
Student loans says it all.
01/12/2011
Less than $5,000 for me.
01/12/2011
As an individual, I have no debt (the last of my student loans was paid off during December), but my wife's car loan and residual student loans probably are in the 50K range, so essentially I have 50K in debt.
01/12/2011
Just the house. and that will be paid off as soon as work picks back up
01/13/2011
Quote:
Same here! If I could get rid of them my debt would be significantly smaller. I'd have my car and some small amounts here and there are credit cards at times.
Originally posted by
Darling Jen
Damn the student loans! I wish I could wish them away!
01/13/2011
Quote:
Same here :/
Originally posted by
Annemarie
Student loans and a couple of credit cards. It sucks being unemployed.
01/16/2011
I've got nothing owing to anyone. It took some hard work but got everything paid off!!!! It is great to live debt free!!!!
02/08/2011
I have two credit cards. Only about 1500 dollars in total debt. Shouldn't take too long to pay off.
I own my own home and it is fully paid for, though this was not my doing. It was inherited. My parents had accidental death on their house, so my sister and were lucky not have that burden upon their passing.
I am looking to go back to school either this summer or fall and will be getting loans, so I will have more debt eventually, unfortunately.
I own my own home and it is fully paid for, though this was not my doing. It was inherited. My parents had accidental death on their house, so my sister and were lucky not have that burden upon their passing.
I am looking to go back to school either this summer or fall and will be getting loans, so I will have more debt eventually, unfortunately.
02/09/2011
Hmm... I'm just estimating. I've got about 15K in medical bills (emergency appendectomies are expensive) and another lump in student loans...
02/09/2011
I have no debt
02/09/2011
I don't own a house yet but I am debt free! I am a university student and I have been doing well with the help of my partner, I have money of my own but money just keeps pouring in from all over the place!
02/09/2011
Student loans are such a bitch.
02/09/2011
Praise scholarships! I have no debt!
02/09/2011
I have quite a bit of debt, but will have even more in 2 years when I graduate. I don't have any balance on my only credit card and other than the student debt, I'm good.
02/10/2011
I've never taken out credit yet, but someday I'll have to. Also, I now work at a collection agency, which makes me more and more cautious about it.
02/19/2011
Student loan for me...and a few small credit cards that ruined my credit...but thats an entirely different subject
02/19/2011
Dept is a man killer
I avoid it because I will not enjoy the life with it
I avoid it because I will not enjoy the life with it
02/19/2011
No student loans, thank you mom and dad, but two car payments. One of them is done in a year, so that will be nice. No credit card debt, but we need to start saving up for a house.
02/19/2011
About 10G in student loans, but that's it.
02/19/2011
Just the house. Pay the credit card bills off every month and no car loans. We've been operating this way for 25 years.
02/19/2011
No debt yet, but that's gonna change next year. Gonna need to take out some loans in order to finish up school, sadly.
02/19/2011
Oh grad school, how you have deprived me of even the most trivial ambitions.
02/19/2011
School loans which come due next month! Fortunately by late next month I should be finally making money to start paying those off. The drawn-out job search had me worried that I wouldn't have a job when they came due.
02/19/2011
Just student loans... as of now
02/19/2011
Student loans and a medical bill
02/19/2011
I don't have any loans... although the house is soon to come!
02/20/2011
I'm only 21 and thankfully, I'm a cheapie and extremely good with managing money. I really have no debt, but I am a college student for another 3 months and then I'll be going into hynotherapy. I've pay my schooling monthly. No grants, scholarships, etc. Just out of my own money and my partner's. Lol. It's tough, but I'm on a good payment plan and since it's a specific school only for writers & that you have to pass tests just to be considered years in advance, it's made it very cheap. I pay a small amount monthly and honestly being a college student, writer and work in nail design it's not easy to come up with it. But I still owe 400 something dollars. Which probably to most isn't even enough to consider debt at all. I'm very lucky and will have to be super careful as I get older not to get into debt. I won't take out loans or anything I'll ever have to pay back. I did have a hospital bill since I don't have insurance and had to have surgery, but that is the last thing I worry about when I have school. Hynotherapy which I'll start into this year will be different, I'll probably think about getting a little bit of financial help for that one.
07/20/2011