# What is your debt load right now? **URL:** \ **Category:** In My Humble Opinion\ **Created:** [December 8, 2009, 11:59pm UTC](https://boards.straightdope.com/t/what-is-your-debt-load-right-now/520534 "2009-12-08T23:59:48Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![Quasimodal](https://avatars.discourse-cdn.com/v4/letter/q/57b2e6/32.png) [@Quasimodal](https://boards.straightdope.com/u/Quasimodal)\ **Post date:** [December 8, 2009, 11:59pm UTC](https://boards.straightdope.com/t/what-is-your-debt-load-right-now/520534/1 "2009-12-08T23:59:48Z")
How much Debt do you have? Or on the wonderful flip side, how much Not in debt are you. I owe: 17000$ car 6000$ Credit Line 1000$ Credit Card I have: 3000$ in long term savings 1800$ in pocket So my debt total is 19200$ if I did my math right. I’m paying it off at a rate of 1000 - 1500$ a month. ---
**Author:** ![nikonikosuru](https://avatars.discourse-cdn.com/v4/letter/n/5f8ce5/32.png) [@nikonikosuru](https://boards.straightdope.com/u/nikonikosuru)\ **Post date:** [December 9, 2009, 12:03am UTC](https://boards.straightdope.com/t/what-is-your-debt-load-right-now/520534/2 "2009-12-09T00:03:19Z")
About -$42,000 from college. The amount in my bank account is a laughable pittance. ---
**Author:** ![appleciders](https://avatars.discourse-cdn.com/v4/letter/a/85f322/32.png) [@appleciders](https://boards.straightdope.com/u/appleciders)\ **Post date:** [December 9, 2009, 12:04am UTC](https://boards.straightdope.com/t/what-is-your-debt-load-right-now/520534/3 "2009-12-09T00:04:16Z")
$0. And I’m on track to graduate from undergrad in the spring without any debt, though not much in the bank, either. All praise to financial aid and low rent in rural areas, and my parents who covered what was left. ---
**Author:** ![Llama\_Llogophile](https://avatars.discourse-cdn.com/v4/letter/l/49beb7/32.png) [@Llama\_Llogophile](https://boards.straightdope.com/u/Llama_Llogophile)\ **Post date:** [December 9, 2009, 12:07am UTC](https://boards.straightdope.com/t/what-is-your-debt-load-right-now/520534/4 "2009-12-09T00:07:45Z")
Mortgage: $20k That’s it. I own my car, although it will probably need to be replaced in 2-3 years. I actually have the savings to easily pay off the mortgage, but people keep telling me this isn’t a good idea. But I’m sorely tempted just to be at zero, if only for a while. ---
**Author:** ![interface2x](https://avatars.discourse-cdn.com/v4/letter/i/c0e974/32.png) [@interface2x](https://boards.straightdope.com/u/interface2x)\ **Post date:** [December 9, 2009, 12:14am UTC](https://boards.straightdope.com/t/what-is-your-debt-load-right-now/520534/5 "2009-12-09T00:14:06Z")
Student loans: $1,500 Credit Cards: $600 I guess that’s it. Not too shabby. Technically I could easily pay it off today and I should but I like paying it down gradually for some reason. ---
**Author:** ![Algher](https://avatars.discourse-cdn.com/v4/letter/a/3d9bf3/32.png) [@Algher](https://boards.straightdope.com/u/Algher)\ **Post date:** [December 9, 2009, 12:18am UTC](https://boards.straightdope.com/t/what-is-your-debt-load-right-now/520534/6 "2009-12-09T00:18:17Z")
$240k on my mortgage at 5.125% (working on a refi right now at 4.35%). $25k in grad school loans at 1.75% - not worth it to pay off. Nothing else carries month-to-month. ---
**Author:** ![Sunspace](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/sunspace/32/1250_2.png) [@Sunspace](https://boards.straightdope.com/u/Sunspace)\ **Post date:** [December 9, 2009, 12:20am UTC](https://boards.straightdope.com/t/what-is-your-debt-load-right-now/520534/7 "2009-12-09T00:20:02Z")
Credit card: $1000. And that’s temporary, incurred last week, gone next week. I have no onther debt. And that has been a huge comfort these past months. ---
**Author:** ![Ephemera](https://avatars.discourse-cdn.com/v4/letter/e/8baadc/32.png) [@Ephemera](https://boards.straightdope.com/u/Ephemera)\ **Post date:** [December 9, 2009, 12:22am UTC](https://boards.straightdope.com/t/what-is-your-debt-load-right-now/520534/8 "2009-12-09T00:22:39Z")
Roughly $9,000 on a car, about $2,000 in credit card debt, and $1,000 on an emergency loan. It was just the car as recently as three months ago. ---
**Author:** ![CutterJohn](https://avatars.discourse-cdn.com/v4/letter/c/91b2a8/32.png) [@CutterJohn](https://boards.straightdope.com/u/CutterJohn)\ **Post date:** [December 9, 2009, 12:22am UTC](https://boards.straightdope.com/t/what-is-your-debt-load-right-now/520534/9 "2009-12-09T00:22:42Z")
$0, and putting nearly 60% of my take home into savings/retirement funds. Admittedly, my pay is quite mediocre, but far for than enough for a single guy with a very modest lifestyle. Actually, a good friend of mine owes me $4500, since he figured interest is going to have to be paid and it may as well go to me instead of a bank, so technically I have negative debt. People owe me! ---
**Author:** ![Rushgeekgirl](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/rushgeekgirl/32/3715_2.png) [@Rushgeekgirl](https://boards.straightdope.com/u/Rushgeekgirl)\ **Post date:** [December 9, 2009, 12:25am UTC](https://boards.straightdope.com/t/what-is-your-debt-load-right-now/520534/10 "2009-12-09T00:25:33Z")
Nothing but the monthly basics. Rent, lights, that sort of thing. ---
**Author:** ![norinew](https://avatars.discourse-cdn.com/v4/letter/n/eb9ed0/32.png) [@norinew](https://boards.straightdope.com/u/norinew)\ **Post date:** [December 9, 2009, 12:30am UTC](https://boards.straightdope.com/t/what-is-your-debt-load-right-now/520534/11 "2009-12-09T00:30:34Z")
Well, of two cars, we have one car payment. We also own three separate properties, but two are investment properties that earn us money (and the third is on its way to being that). We have _zero_ credit card debt, I’m happy to say! 🙂 ---
**Author:** ![Caught\_Work](https://avatars.discourse-cdn.com/v4/letter/c/919ad9/32.png) [@Caught\_Work](https://boards.straightdope.com/u/Caught_Work)\ **Post date:** [December 9, 2009, 12:42am UTC](https://boards.straightdope.com/t/what-is-your-debt-load-right-now/520534/12 "2009-12-09T00:42:34Z")
$15K on the house. $0 in CC $0 in car $100K in savings. So at the moment, we’re in the black to the tune of about $85K ---
**Author:** ![Shakester](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/shakester/32/437_2.png) [@Shakester](https://boards.straightdope.com/u/Shakester)\ **Post date:** [December 9, 2009, 12:48am UTC](https://boards.straightdope.com/t/what-is-your-debt-load-right-now/520534/13 "2009-12-09T00:48:51Z")
$0 ---
**Author:** ![Unintentionally\_Blank](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/unintentionally_blank/32/5418_2.png) [@Unintentionally\_Blank](https://boards.straightdope.com/u/Unintentionally_Blank)\ **Post date:** [December 9, 2009, 12:53am UTC](https://boards.straightdope.com/t/what-is-your-debt-load-right-now/520534/14 "2009-12-09T00:53:40Z")
315k on a 390k house (year 8 of a 30 year fixed loan) 5k on credit cards (always seems to revolve around $3k, a little higher now around xmas) 8k on one car 5k on another car Various 401k, government retirement, etc on the black side of the column. ---
**Author:** ![Icarus](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/icarus/32/72_2.png) [@Icarus](https://boards.straightdope.com/u/Icarus)\ **Post date:** [December 9, 2009, 12:54am UTC](https://boards.straightdope.com/t/what-is-your-debt-load-right-now/520534/15 "2009-12-09T00:54:46Z")
## $405,000 mortgage $31,000 car loan $19,000 vacation home $12,000 student loans $467,000 total - nothing over 6% Other than that, we’re debt free! Weeeee! ---
**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:** [December 9, 2009, 1:18am UTC](https://boards.straightdope.com/t/what-is-your-debt-load-right-now/520534/16 "2009-12-09T01:18:08Z")
About $180K in mortgage, but $30K of that is to my wife’s father, who is 93. Since she is the only child, we’re more or less paying ourselves. Some small amount of education loans for our younger daughter - officially hers, but we’re going to pay. We’ll pay off the high interest loans pretty quickly. No credit card debt. (Except for about $700 zero interest debt to Sears for our TV last Christmas. Can pay this immediately if we wished to.) No car debt. Retirement and other savings much greater than the debt, including mortgage. ---
**Author:** ![SandyHook](https://avatars.discourse-cdn.com/v4/letter/s/dec6dc/32.png) [@SandyHook](https://boards.straightdope.com/u/SandyHook)\ **Post date:** [December 9, 2009, 1:43am UTC](https://boards.straightdope.com/t/what-is-your-debt-load-right-now/520534/17 "2009-12-09T01:43:20Z")
Zip, zero, zilch. ---
**Author:** ![Hari\_Seldon](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/hari_seldon/32/5173_2.png) [@Hari\_Seldon](https://boards.straightdope.com/u/Hari_Seldon)\ **Post date:** [December 9, 2009, 1:49am UTC](https://boards.straightdope.com/t/what-is-your-debt-load-right-now/520534/18 "2009-12-09T01:49:54Z")
Unless you count the couple thousand on my credit card that I charge every month and pay it off every month, $0. Mortgage long since paid, bought my car (likely the last I will ever buy) for cash. But I would give it all up for a chance to start over at 20. ---
**Author:** ![Cat\_Whisperer](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/cat_whisperer/32/4839_2.png) [@Cat\_Whisperer](https://boards.straightdope.com/u/Cat_Whisperer)\ **Post date:** [December 9, 2009, 1:58am UTC](https://boards.straightdope.com/t/what-is-your-debt-load-right-now/520534/19 "2009-12-09T01:58:54Z")
Doing some quick and dirty math which may or may not be completely accurate, it looks like we owe about $115,000 more than we’re worth (mortgage, car loan, and line of credit vs. RRSPs\*, stocks, and equity), which isn’t bad in a city where your average property sells for almost half a million dollars. We’re looking at going deeper into debt on the line of credit to buy more stock in Jim’s employee-owned employer; we’ve been leaving a lot of money on the table with their share returns being 65%+ the last couple of years. \*I think you guys call them 401k’s. ---
**Author:** ![Dangerosa](https://avatars.discourse-cdn.com/v4/letter/d/22d042/32.png) [@Dangerosa](https://boards.straightdope.com/u/Dangerosa)\ **Post date:** [December 9, 2009, 1:59am UTC](https://boards.straightdope.com/t/what-is-your-debt-load-right-now/520534/20 "2009-12-09T01:59:22Z")
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