# How much debt do you have? **URL:** \ **Category:** In My Humble Opinion\ **Created:** [June 22, 2012, 7:14pm UTC](https://boards.straightdope.com/t/how-much-debt-do-you-have/625976 "2012-06-22T19:14:22Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![Rodgers01](https://avatars.discourse-cdn.com/v4/letter/r/b19c9b/32.png) [@Rodgers01](https://boards.straightdope.com/u/Rodgers01)\ **Post date:** [June 22, 2012, 7:14pm UTC](https://boards.straightdope.com/t/how-much-debt-do-you-have/625976/1 "2012-06-22T19:14:22Z")
Credit cards, student loans, mortgage, etc…add it all together, and how much do you owe? Private poll is coming… ---
**Author:** ![Darryl\_Lict](https://avatars.discourse-cdn.com/v4/letter/d/7cd45c/32.png) [@Darryl\_Lict](https://boards.straightdope.com/u/Darryl_Lict)\ **Post date:** [June 22, 2012, 7:19pm UTC](https://boards.straightdope.com/t/how-much-debt-do-you-have/625976/2 "2012-06-22T19:19:20Z")
1. I’ve paid off my mortgage and have always bought every car I’ve owned for cash. ---
**Author:** ![DeepLiquid](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/deepliquid/32/14893_2.png) [@DeepLiquid](https://boards.straightdope.com/u/DeepLiquid)\ **Post date:** [June 22, 2012, 7:19pm UTC](https://boards.straightdope.com/t/how-much-debt-do-you-have/625976/3 "2012-06-22T19:19:47Z")
Take away the mortgage and I have $0 debt. Should be done in two years, can’t wait for $0!! ---
**Author:** ![Procrustus](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/procrustus/32/2994_2.png) [@Procrustus](https://boards.straightdope.com/u/Procrustus)\ **Post date:** [June 22, 2012, 7:27pm UTC](https://boards.straightdope.com/t/how-much-debt-do-you-have/625976/4 "2012-06-22T19:27:22Z")
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. ---
**Author:** ![Rhiannon8404](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/rhiannon8404/32/17929_2.png) [@Rhiannon8404](https://boards.straightdope.com/u/Rhiannon8404)\ **Post date:** [June 22, 2012, 7:31pm UTC](https://boards.straightdope.com/t/how-much-debt-do-you-have/625976/5 "2012-06-22T19:31:34Z")
$250,000 - $300,000 It’s all house. Everything else is paid for. ---
**Author:** ![StGermain](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/stgermain/32/2868_2.png) [@StGermain](https://boards.straightdope.com/u/StGermain)\ **Post date:** [June 22, 2012, 7:37pm UTC](https://boards.straightdope.com/t/how-much-debt-do-you-have/625976/6 "2012-06-22T19:37:25Z")
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 ---
**Author:** ![kmshrader](https://avatars.discourse-cdn.com/v4/letter/k/b782af/32.png) [@kmshrader](https://boards.straightdope.com/u/kmshrader)\ **Post date:** [June 22, 2012, 7:37pm UTC](https://boards.straightdope.com/t/how-much-debt-do-you-have/625976/7 "2012-06-22T19:37:57Z")
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 ---
**Author:** ![the\_Lady](https://avatars.discourse-cdn.com/v4/letter/t/bb73d2/32.png) [@the\_Lady](https://boards.straightdope.com/u/the_Lady)\ **Post date:** [June 22, 2012, 7:42pm UTC](https://boards.straightdope.com/t/how-much-debt-do-you-have/625976/8 "2012-06-22T19:42:39Z")
As I use the credit card for convenience and pay it off a couple times a month, it doesn’t count. So, nothing. ---
**Author:** ![Anaamika](https://avatars.discourse-cdn.com/v4/letter/a/5f9b8f/32.png) [@Anaamika](https://boards.straightdope.com/u/Anaamika)\ **Post date:** [June 22, 2012, 7:44pm UTC](https://boards.straightdope.com/t/how-much-debt-do-you-have/625976/9 "2012-06-22T19:44:08Z")
Less than $1000. But as I am going back to school in the fall, that’s going to change pretty quickly. ---
**Author:** ![Voyager](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/voyager/32/133_2.png) [@Voyager](https://boards.straightdope.com/u/Voyager)\ **Post date:** [June 22, 2012, 7:45pm UTC](https://boards.straightdope.com/t/how-much-debt-do-you-have/625976/10 "2012-06-22T19:45:45Z")
$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. ---
**Author:** ![drewtwo99](https://avatars.discourse-cdn.com/v4/letter/d/d07c76/32.png) [@drewtwo99](https://boards.straightdope.com/u/drewtwo99)\ **Post date:** [June 22, 2012, 7:50pm UTC](https://boards.straightdope.com/t/how-much-debt-do-you-have/625976/11 "2012-06-22T19:50:14Z")
About 50K, all of it student loans and my car. Gonna be a long time paying all that off. ---
**Author:** ![Jophiel](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/jophiel/32/66_2.png) [@Jophiel](https://boards.straightdope.com/u/Jophiel)\ **Post date:** [June 22, 2012, 8:20pm UTC](https://boards.straightdope.com/t/how-much-debt-do-you-have/625976/12 "2012-06-22T20:20:18Z")
$125-$150k but it’s something like 90% mortgage with a car payment making up much of the other 10% ---
**Author:** ![Dangerosa](https://avatars.discourse-cdn.com/v4/letter/d/22d042/32.png) [@Dangerosa](https://boards.straightdope.com/u/Dangerosa)\ **Post date:** [June 22, 2012, 8:28pm UTC](https://boards.straightdope.com/t/how-much-debt-do-you-have/625976/13 "2012-06-22T20:28:07Z")
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? ---
**Author:** ![Fiddle\_Peghead](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/fiddle_peghead/32/3506_2.png) [@Fiddle\_Peghead](https://boards.straightdope.com/u/Fiddle_Peghead)\ **Post date:** [June 22, 2012, 8:29pm UTC](https://boards.straightdope.com/t/how-much-debt-do-you-have/625976/14 "2012-06-22T20:29:37Z")
Between $1,000 and $3,000. A bit closer to $3,000. ---
**Author:** ![Khadaji](https://avatars.discourse-cdn.com/v4/letter/k/9e8a1a/32.png) [@Khadaji](https://boards.straightdope.com/u/Khadaji)\ **Post date:** [June 22, 2012, 8:37pm UTC](https://boards.straightdope.com/t/how-much-debt-do-you-have/625976/15 "2012-06-22T20:37:55Z")
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 ---
**Author:** ![RealityChuck](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/realitychuck/32/195_2.png) [@RealityChuck](https://boards.straightdope.com/u/RealityChuck)\ **Post date:** [June 22, 2012, 8:54pm UTC](https://boards.straightdope.com/t/how-much-debt-do-you-have/625976/16 "2012-06-22T20:54:28Z")
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:** ![wonky](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/wonky/32/393_2.png) [@wonky](https://boards.straightdope.com/u/wonky)\ **Post date:** [June 22, 2012, 9:05pm UTC](https://boards.straightdope.com/t/how-much-debt-do-you-have/625976/17 "2012-06-22T21:05:21Z")
It was 0, then I went back to school. _sigh_ ---
**Author:** ![elfkin477](https://avatars.discourse-cdn.com/v4/letter/e/a9a28c/32.png) [@elfkin477](https://boards.straightdope.com/u/elfkin477)\ **Post date:** [June 23, 2012, 12:04am UTC](https://boards.straightdope.com/t/how-much-debt-do-you-have/625976/18 "2012-06-23T00:04:27Z")
> [@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. ---
**Author:** ![MandaJo](https://avatars.discourse-cdn.com/v4/letter/m/ac91a4/32.png) [@MandaJo](https://boards.straightdope.com/u/MandaJo)\ **Post date:** [June 23, 2012, 12:12am UTC](https://boards.straightdope.com/t/how-much-debt-do-you-have/625976/19 "2012-06-23T00:12:20Z")
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. ---
**Author:** ![Terr](https://avatars.discourse-cdn.com/v4/letter/t/839c29/32.png) [@Terr](https://boards.straightdope.com/u/Terr)\ **Post date:** [June 23, 2012, 12:16am UTC](https://boards.straightdope.com/t/how-much-debt-do-you-have/625976/20 "2012-06-23T00:16:46Z")
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 🙂 [Next page](https://boards.straightdope.com/t/how-much-debt-do-you-have/625976.md?page=2)