Individually, I have $80k in student loans. That’s it.
Question about how to count your debt: if I have x in loans (debt), but x+y in savings and investments, do I have zero debt (because I could pay it all off right now if I wanted to)? Or do I still count hat as having x debt?
Until **Procrustus **clarifies, I’d assume s/he sold a house that had a lot of equity.
I think you are describing Net worth.
Debt is debt.
We have a mortgage and 1 car payment. We dont get another car until the one is paid off.
sorry, didn’t see this. Basically, I made a whole lot of money in the last 12 months and got my head above water at last. I don’t collect a salary and my income can fluctuate wildly, from zero to some big numbers. Thus, historically, I have had a lot of debt in lean times and pay it off in good times. I hope to stash enough away to avoid the debt going forward.
Other than mortgage, I bought a new car in March and have a small amount on credit cards which should be paid off in a month or so.
zero including mortgage (paid off two years ago)
About $10k of student loan debt at around 2% interest, and about $4k of 0% credit card debt that we’ll pay off when the 0% period runs out.
I’m amazed if not shocked re the results.
liars.
I don’t count the main credit card, since it’s paid in full every month. I use it for everything that I can to get the 1% cash back.
Aside from the mortgage, I have $700 left on a Care Credit account, zero interest if paid off by the end of the year.