How much debt do you have?

[Rodgers01]

Credit cards, student loans, mortgage, etc...add it all together, and how much do you owe? Private poll is coming...

[Darryl Lict]

0. I've paid off my mortgage and have always bought every car I've owned for cash.

[DeepLiquid]

Take away the mortgage and I have $0 debt. Should be done in two years, can't wait for $0!!

[Procrustus]

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.

[Rhiannon8404]

$250,000 - $300,000

It's all house. Everything else is paid for.

[StGermain]

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

[kmshrader]

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

[the Lady]

As I use the credit card for convenience and pay it off a couple times a month, it doesn't count.
So, nothing.

[Anaamika]

Less than $1000. But as I am going back to school in the fall, that's going to change pretty quickly.

[Voyager]

$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.

[drewtwo99]

About 50K, all of it student loans and my car. Gonna be a long time paying all that off.

[Jophiel]

$125-$150k but it's something like 90% mortgage with a car payment making up much of the other 10%

[Dangerosa]

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?

[Fiddle Peghead]

Between $1,000 and $3,000. A bit closer to $3,000.

[Khadaji]

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

[RealityChuck]

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.

[jsgoddess]

It was 0, then I went back to school. *sigh*

[elfkin477]

Originally Posted by drewtwo99

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.

[Manda JO]

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.

[Terr]

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

[EmAnJ]

Mortgage plus some other minor debts and we're just over $400,000.

[jabiru]

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).

[August West]

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.

[Chefguy]

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.

[Siam Sam]

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.

[Sarabellum1976]

But.. . but... how will your pidgees follow you?!!?

[Telemark]

Mortgage, nothing else.

[ataraxy22]

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.

[markdash]

Zero besides the mortgage, which is $200-250k.

[PandaBear77]

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.

[SeaDragonTattoo]

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.

[SandyHook]

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.

[River Hippie]

Zero debt. I still consider myself as "poor". Not much retirement savings, low-ish income, need to buy another house in the near future.

[minionkat]

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.

[DCnDC]

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.

[Siam Sam]

Originally Posted by Sarabellum1976

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.

[Hari Seldon]

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.

[olivesmarch4th]

Me personally, $80k in student loans. The car is paid and we rent an apartment.

[oreally]

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

[Sattua]

None. It's a happy fact that our house and cars are paid off, as are our credit cards on a monthly basis.

[bump]

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.

[Noone Special]

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! )

[computergeek]

The only debt I have currently is my mortgage. I pay off my credit card every month.

[C3]

We're at about $180k, entirely mortgage.

[Manda JO]

Originally Posted by oreally

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.

[audiobottle]

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.

[Dewey Finn]

Originally Posted by oreally

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.

[Maastricht]

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.

[Tapioca Dextrin]

Should have the mortgage paid off this year. That's it.