The Straight Dope

Go Back   Straight Dope Message Board > Main > In My Humble Opinion (IMHO)

View Poll Results: How much debt to you have?
Nothing! 59 29.65%
$1-$1,000 12 6.03%
$1,000-$3,000 7 3.52%
$3,000-$5,000 5 2.51%
$5,000-$10,000 7 3.52%
$10,000-$15,000 5 2.51%
$15,000-$20,000 5 2.51%
$20,000-$25,000 3 1.51%
$25,000-$30,000 3 1.51%
$30,000-$35,000 4 2.01%
$35,000-$40,000 3 1.51%
$40,000-$45,000 1 0.50%
$45,000-$50,000 5 2.51%
$50,000-$60,000 5 2.51%
$60,000-$70,000 5 2.51%
$70,000-$80,000 4 2.01%
$80,000-$90,000 3 1.51%
$90,000-$100,000 2 1.01%
$100,000-$125,000 5 2.51%
$125,000-$150,000 7 3.52%
$150,000-$175,000 8 4.02%
$175,000-$200,000 9 4.52%
$200,000-$250,000 7 3.52%
$250,000-$300,000 5 2.51%
$300,000-$400,000 6 3.02%
$400,000-$500,000 5 2.51%
$500,000+ 9 4.52%
Voters: 199. You may not vote on this poll

Reply
 
Thread Tools Display Modes
  #1  
Old 06-22-2012, 02:14 PM
Rodgers01 Rodgers01 is offline
Guest
 
Join Date: Sep 2005
How much debt do you have?

Credit cards, student loans, mortgage, etc...add it all together, and how much do you owe? Private poll is coming...
Reply With Quote
Advertisements  
  #2  
Old 06-22-2012, 02:19 PM
Darryl Lict Darryl Lict is offline
Guest
 
Join Date: Apr 2005
0. I've paid off my mortgage and have always bought every car I've owned for cash.
Reply With Quote
  #3  
Old 06-22-2012, 02:19 PM
DeepLiquid DeepLiquid is offline
Guest
 
Join Date: Oct 2007
Take away the mortgage and I have $0 debt. Should be done in two years, can't wait for $0!!

Last edited by DeepLiquid; 06-22-2012 at 02:20 PM.. Reason: clarification
Reply With Quote
  #4  
Old 06-22-2012, 02:27 PM
Procrustus Procrustus is offline
Member
 
Join Date: Jun 2007
Location: Pacific NW.
Posts: 4,148
I paid off all my debt this year, except my mortgage. So, I'm still over $500,000. But I have refinanced to lower rates. I did enjoy paying off all the credit cards.
Reply With Quote
  #5  
Old 06-22-2012, 02:31 PM
Rhiannon8404 Rhiannon8404 is offline
Member
 
Join Date: May 2004
Location: Sacramento, CA
Posts: 5,810
$250,000 - $300,000

It's all house. Everything else is paid for.
Reply With Quote
  #6  
Old 06-22-2012, 02:37 PM
StGermain StGermain is online now
Charter Member
 
Join Date: Nov 1999
Location: Toon Town
Posts: 9,173
I owe about $30K on my house. No other debt and sufficient funds in 401K/IRA to pay off the house and pay the taxes and insurance for 10 years.

StG
Reply With Quote
  #7  
Old 06-22-2012, 02:37 PM
kmshrader kmshrader is offline
Guest
 
Join Date: Apr 2012
What's currently on the credit card, and that'll be paid off as soon as I get moving expenses out of the way. ~$350
Reply With Quote
  #8  
Old 06-22-2012, 02:42 PM
the Lady the Lady is offline
Charter Member
 
Join Date: Dec 2002
Location: Calgary, Alberta
Posts: 1,102
As I use the credit card for convenience and pay it off a couple times a month, it doesn't count.
So, nothing.
Reply With Quote
  #9  
Old 06-22-2012, 02:44 PM
Anaamika Anaamika is offline
Guest
 
Join Date: Nov 2001
Less than $1000. But as I am going back to school in the fall, that's going to change pretty quickly.
Reply With Quote
  #10  
Old 06-22-2012, 02:45 PM
Voyager Voyager is offline
Member
 
Join Date: Aug 2002
Location: Deep Space
Posts: 33,487
$200K mortgage, but the house is worth 3 x that, and I could even pay it off today if I wanted to. But my investments make more than the mortgage rate, and I think we might refinance once again. Nothing else.
Reply With Quote
  #11  
Old 06-22-2012, 02:50 PM
drewtwo99 drewtwo99 is offline
Wannabe Member
 
Join Date: Aug 2011
Location: Houston, Texas
Posts: 7,944
About 50K, all of it student loans and my car. Gonna be a long time paying all that off.
Reply With Quote
  #12  
Old 06-22-2012, 03:20 PM
Jophiel Jophiel is online now
Guest
 
Join Date: Mar 1999
$125-$150k but it's something like 90% mortgage with a car payment making up much of the other 10%
Reply With Quote
  #13  
Old 06-22-2012, 03:28 PM
Dangerosa Dangerosa is offline
Guest
 
Join Date: Feb 2000
Strange question. I'm currently carrying a mortgage, but could pay it off many times over if I chose (in fact, I'm currently deciding if I should, I like not having a mortgage, but the interest is low enough that i can get those gains pretty safely elsewhere. I like the tax writeoff, but i dont like the cash flow hit. Monday I decide one way, and by Tuesday I have changed my mind) have credit card debt, paid in full every month, but it's debt.

I could have a million dollars in debt, but if it's offset with ten million in assets, is that informative?
__________________
One day, in Teletubbie land, it was Tinkie Winkie's turn to wear the skirt.
Reply With Quote
  #14  
Old 06-22-2012, 03:29 PM
Fiddle Peghead Fiddle Peghead is offline
Guest
 
Join Date: Mar 2001
Between $1,000 and $3,000. A bit closer to $3,000.
Reply With Quote
  #15  
Old 06-22-2012, 03:37 PM
Khadaji Khadaji is offline
Member
 
Join Date: Mar 2002
Location: Southern Pennsylvania
Posts: 21,601
it is a shade over 10,000, but next week's pay check will make it a shade under 10,000. Close enough that I answered less than 10K
Reply With Quote
  #16  
Old 06-22-2012, 03:54 PM
RealityChuck RealityChuck is online now
Charter Member
 
Join Date: Apr 1999
Location: Schenectady, NY, USA
Posts: 34,915
Nothing, and we had more than enough in the bank, and a large enough credit line (we pay off every month) to put a new car on my credit card and pay it off as soon as the bill came.
__________________
Author of Staroamer's Fate and Syron's Fate, now back in print.
Reply With Quote
  #17  
Old 06-22-2012, 04:05 PM
jsgoddess jsgoddess is online now
Guest
 
Join Date: Feb 2003
It was 0, then I went back to school. *sigh*
Reply With Quote
  #18  
Old 06-22-2012, 07:04 PM
elfkin477 elfkin477 is offline
Member
 
Join Date: Apr 2001
Location: NH
Posts: 19,269
Quote:
Originally Posted by drewtwo99 View Post
About 50K, all of it student loans and my car. Gonna be a long time paying all that off.
Mine's about half that, but yeah. About $14,000 to go on student loans, a bit less than $8,000 on my car, and less than $1000 other debt all together. I will happily take on more debt in a year or so if it means getting a mortgage, though.
Reply With Quote
  #19  
Old 06-22-2012, 07:12 PM
Manda JO Manda JO is online now
Charter Member
 
Join Date: Jul 1999
Posts: 8,537
Just the mortgage, which is about $98K. But the house is worth more than that, so my net assets are positive. I'm in a much better situation than I was after college when I only owed a couple thousand on a credit card, but didn't have any assets at all. Saying I carry more debt now really misses the point.
Reply With Quote
  #20  
Old 06-22-2012, 07:16 PM
Terr Terr is offline
Guest
 
Join Date: Sep 2011
None. My wife made me pay off what was left of the mortgage on the house (about $400K) about a year ago. With the mortgage rates the way they are today, and the tax writeoff, it would be better to have the mortgage, but she needed it for her peace of mind. I guess that's worth it

Last edited by Terr; 06-22-2012 at 07:17 PM..
Reply With Quote
  #21  
Old 06-22-2012, 07:20 PM
EmAnJ EmAnJ is offline
Guest
 
Join Date: Jan 2007
Mortgage plus some other minor debts and we're just over $400,000.
Reply With Quote
  #22  
Old 06-22-2012, 07:22 PM
jabiru jabiru is offline
Member
 
Join Date: Feb 2003
Location: Sydney, Australia
Posts: 2,414
Zero. There's about $1,300 on the credit card but I pay it off in full on the day it's due (and not a day before) so I don't regard that as a debt.

The gas bill is waiting to be paid but it also gets paid on the day it's due (and not a day before).
Reply With Quote
  #23  
Old 06-22-2012, 07:29 PM
August West August West is offline
Member
 
Join Date: May 2000
Location: Farmington, WI
Posts: 3,371
Like many others here, we've got no debt outside of our mortgage. The mortgage interest deduction makes it worth having. We took out a 30 year loan 6 years ago, but we should have it paid off less than 10 years from now.
Reply With Quote
  #24  
Old 06-22-2012, 07:51 PM
Chefguy Chefguy is offline
Charter Member
 
Join Date: Jun 2003
Location: Portlandia
Posts: 27,262
Zero. No mortgage and no long-term debt. Credit card paid off every month. It's been that way for some years now. Hopefully it will stay that way.
Reply With Quote
  #25  
Old 06-22-2012, 08:21 PM
Siam Sam Siam Sam is offline
Elephant Whisperer
 
Join Date: Nov 2006
Location: Bangkok
Posts: 27,082
If you had asked me this just a month ago, the answer would have been zero. Today, it's about US$65,000. That's because the wife just put a down payment on a unit in a new condotel being built on a beach over along our Eastern Seaboard, in Rayong province, and that's how much it's going to cost. The developing company is owned by a family she's known since childhood. We've always paid cash for our homes, but this place will be rented out to vacationers, we won't be living in it, and we don't have a spare $65,000 to drop down right now (especially not since our East Coast USA tour in April). Construction will begin this year and be finished in 2014. The unit we're buying is beach-facing and one of the few with a balcony, so we expect (hope) it will be easy to occupy. This is really the wife's project; she's handling the whole thing herself. But as her spouse, I have to sign documents too, and the debt is mine too.

Last edited by Siam Sam; 06-22-2012 at 08:24 PM..
Reply With Quote
  #26  
Old 06-22-2012, 08:39 PM
Sarabellum1976 Sarabellum1976 is offline
Guest
 
Join Date: Mar 2009
But.. . but... how will your pidgees follow you?!!?
Reply With Quote
  #27  
Old 06-22-2012, 09:14 PM
Telemark Telemark is online now
Charter Member
 
Join Date: Apr 2000
Location: Hub of the sports world
Posts: 14,249
Mortgage, nothing else.
Reply With Quote
  #28  
Old 06-22-2012, 09:28 PM
ataraxy22 ataraxy22 is online now
Charter Member
 
Join Date: Mar 2002
Location: Maryland
Posts: 1,267
I don't consider mortgage to be debt because the value of my house is greater than my mortgage and so the mortgage would be gone if I sold the house.

Other than than I have a smallish student loan remaining (at ~8%....I WISH I was so lucky to have only 6%, but can't because I reconsolidated several loans into one ages ago) and about $12k remaining on my car loan that will be paid off in two years.

Last edited by ataraxy22; 06-22-2012 at 09:28 PM..
Reply With Quote
  #29  
Old 06-22-2012, 09:31 PM
markdash markdash is offline
Guest
 
Join Date: May 2004
Zero besides the mortgage, which is $200-250k.
Reply With Quote
  #30  
Old 06-22-2012, 09:40 PM
PandaBear77 PandaBear77 is offline
Guest
 
Join Date: Sep 2009
150-175k. House and student loans.

That's just MY debt. Add MrPanda's student loans and we're up to a little over 200k.

*sigh* FML.
Reply With Quote
  #31  
Old 06-22-2012, 09:55 PM
SeaDragonTattoo SeaDragonTattoo is online now
Member
 
Join Date: Sep 2007
Location: Chicago, Far Northsider
Posts: 5,262
Two of my cats needed surgery last year. The kind that was "do or die," so I did it. Still paying Care Credit off for those, should be done in December.
Reply With Quote
  #32  
Old 06-22-2012, 09:58 PM
SandyHook SandyHook is offline
Guest
 
Join Date: Nov 2002
I hit the 3-5000 button. That's about what we have on our credit cards each month. We pay it off each month so we don't have any interest.
Reply With Quote
  #33  
Old 06-22-2012, 11:21 PM
River Hippie River Hippie is offline
Member
 
Join Date: Apr 2005
Location: N.E. Indiana, USA
Posts: 3,329
Zero debt. I still consider myself as "poor". Not much retirement savings, low-ish income, need to buy another house in the near future.
Reply With Quote
  #34  
Old 06-23-2012, 07:25 AM
minionkat minionkat is online now
Guest
 
Join Date: Jul 2006
I owe about 60K on my mortgage, my car will be paid off this fall. I was out of work for much of last year and have been underemployed since, so there is some cc debt from that (a terrible way to pay for things, I know, but it had to be done). I just got a part time job in addition to my full time job and I am taking on a roommate. This should put me back in good shape (i.e. only owing the mortgage) by Christmas of this year.

I really want my mortgage paid off by the time I am forty.

Last edited by minionkat; 06-23-2012 at 07:26 AM.. Reason: paid off, not of.
Reply With Quote
  #35  
Old 06-23-2012, 08:03 AM
DCnDC DCnDC is online now
Guest
 
Join Date: Feb 2010
A few hundred on a credit card, but I don't really consider it "debt". I use the credit card rather than my bank card because my bank card doesn't give me cash back or airline miles. I don't put anything on the card that I couldn't just pay for in cash and I pay it off every month.
Reply With Quote
  #36  
Old 06-23-2012, 09:31 AM
Siam Sam Siam Sam is offline
Elephant Whisperer
 
Join Date: Nov 2006
Location: Bangkok
Posts: 27,082
Quote:
Originally Posted by Sarabellum1976 View Post
But.. . but... how will your pidgees follow you?!!?
No, no, no. As I said, we won't be living there. It's purely to rent out. We're staying put here in our place in Bangkok.
Reply With Quote
  #37  
Old 06-23-2012, 09:39 AM
Hari Seldon Hari Seldon is offline
Guest
 
Join Date: Mar 2002
Right now, I probably have a couple thou on my credit card, but that is automatically paid on the 24th of every month (tomorrow) so I counted it as 0. House paid off over 20 years ago, bought my car for cash, so just current credit balance.
Reply With Quote
  #38  
Old 06-23-2012, 09:41 AM
Spice Weasel Spice Weasel is offline
Guest
 
Join Date: Jan 2007
Me personally, $80k in student loans. The car is paid and we rent an apartment.
Reply With Quote
  #39  
Old 06-23-2012, 10:26 AM
oreally oreally is offline
Guest
 
Join Date: Jun 2012
I'm not getting "I have zero debt except for..." Then you have debt. This isn't hard.

Then again I can see the confusion given the 800 possible answers available

Last edited by oreally; 06-23-2012 at 10:26 AM..
Reply With Quote
  #40  
Old 06-23-2012, 10:30 AM
Sattua Sattua is online now
Guest
 
Join Date: Jan 2001
None. It's a happy fact that our house and cars are paid off, as are our credit cards on a monthly basis.
Reply With Quote
  #41  
Old 06-23-2012, 11:09 AM
bump bump is offline
Guest
 
Join Date: Jun 2000
As a household, we have somewhere in the neighborhood of 200k in debt, about 70% of which is the mortgage, 15% is my wife and I's student loans, and 15% of which is our car note.

Personally, half of the mortgage is mine and half of the car note, and only 1/3 of the student loans.
Reply With Quote
  #42  
Old 06-23-2012, 11:13 AM
Noone Special Noone Special is offline
Charter Member
 
Join Date: Jun 2003
Location: Tel Aviv
Posts: 5,877
I called is 1-1000, since there is always something on the CC (by due date, usually more than 1000), but we pay our CC bills on their Due Date and have no other debts (yay for finishing with the mortgage last year! )
Reply With Quote
  #43  
Old 06-23-2012, 11:15 AM
computergeek computergeek is offline
Guest
 
Join Date: Nov 2001
The only debt I have currently is my mortgage. I pay off my credit card every month.
Reply With Quote
  #44  
Old 06-23-2012, 11:22 AM
C3 C3 is offline
Member
 
Join Date: Jan 2000
Posts: 4,022
We're at about $180k, entirely mortgage.
Reply With Quote
  #45  
Old 06-23-2012, 12:38 PM
Manda JO Manda JO is online now
Charter Member
 
Join Date: Jul 1999
Posts: 8,537
Quote:
Originally Posted by oreally View Post
I'm not getting "I have zero debt except for..." Then you have debt. This isn't hard.

Then again I can see the confusion given the 800 possible answers available
Because the question doesn't produce a useful answer out of context. It's like asking "How far do you travel every day?" and not taking into account whether people walk or ride a bike or take the bus or drive a car.

Treating all debt the same is odd.
Reply With Quote
  #46  
Old 06-23-2012, 01:18 PM
audiobottle audiobottle is offline
Guest
 
Join Date: Oct 2001
I'm close to $240k, all student loans from med school. Definitely not the career to go into if you just want to make money.
Reply With Quote
  #47  
Old 06-23-2012, 01:56 PM
Dewey Finn Dewey Finn is offline
Charter Member
 
Join Date: Apr 2003
Posts: 15,763
Quote:
Originally Posted by oreally View Post
I'm not getting "I have zero debt except for..." Then you have debt. This isn't hard.
I think there is a useful distinction between long-term debt (mortgage, car loan, etc.) that will be paid off over more than a year and short-term debt that will be paid off within the month or the year, such as those who use credit cards but pay off the bill as soon as it arrives.
Reply With Quote
  #48  
Old 06-24-2012, 03:12 AM
Maastricht Maastricht is offline
Charter Member
 
Join Date: Dec 2000
Location: Dutch in the Netherlands
Posts: 7,947
About 170 K Euro (200 K US dollar) all in mortgage. My husband has about 9 K student loan left to pay off.

Most Dutch homeowners have such a mortgage and pay it off on about 20-30 years.

We have no credit debt or consumers debt.
Reply With Quote
  #49  
Old 06-24-2012, 04:03 AM
Tapioca Dextrin Tapioca Dextrin is offline
Charter Member
 
Join Date: Dec 1999
Location: Staring blankly at my GPS
Posts: 11,247
Should have the mortgage paid off this year. That's it.
Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 09:43 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.

Send questions for Cecil Adams to: cecil@chicagoreader.com

Send comments about this website to: webmaster@straightdope.com

Terms of Use / Privacy Policy

Advertise on the Straight Dope!
(Your direct line to thousands of the smartest, hippest people on the planet, plus a few total dipsticks.)

Publishers - interested in subscribing to the Straight Dope?
Write to: sdsubscriptions@chicagoreader.com.

Copyright 2013 Sun-Times Media, LLC.