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View Poll Results: How much luxury debt do you have
$0 38 59.38%
$1-2000 9 14.06%
$2001-$5000 3 4.69%
$5001-$10000 5 7.81%
$10000+ 9 14.06%
Voters: 64. You may not vote on this poll

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Old 10-17-2007, 11:54 AM
 
Location: Land of Thought and Flow
7,691 posts, read 8,768,187 times
Reputation: 4397
Default Aside from Housing/Car, how much DEBT do you have?

With all of the credit problems in America - I've looked at the results of the Net Income thread.. and want to try a comparison for a class I'm taking.

Aside from:
Mortgage/Rent
Car
Electric
Water
Natural Gas
Child Support
Cellphone
Cable/Phone/Internet

These are the debts I want to get figures on:

College ((yours and/or Your Kid(s)'s))
Credit Cards
Any sort of "financing" ((like for Lasik or DFS))




I just want to see if there's a correlation between income and "luxury" debts. If you want to, provide your answers from the Net Income thread along with your answer here.

If you don't want it to be public, you can PM me with the answers.

Thank you, all!
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Old 10-17-2007, 12:46 PM
 
Location: Southwest Missouri
1,921 posts, read 3,981,893 times
Reputation: 879
Mine is easy...zero.
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Old 10-17-2007, 12:51 PM
 
Location: Toledo
3,857 posts, read 4,998,755 times
Reputation: 3568
$30,000 from student loans, $2,000 from credit cards.
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Old 10-17-2007, 01:28 PM
 
55,422 posts, read 27,181,265 times
Reputation: 6909
Zero debt other then mortgage, and that'll be paid off by the end of the year. Car was just paid off this week.
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Old 10-17-2007, 01:31 PM
 
Location: Marion, IN
8,192 posts, read 18,936,825 times
Reputation: 6610
$0.00

I have been debt free for 2 weeks short of 2 years.
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Old 10-17-2007, 01:33 PM
 
Location: Far from where I'd like to be
24,621 posts, read 29,686,890 times
Reputation: 35482
I only have a mortgage. I paid cash for my car last December, and pay off my credit cards every month.
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Old 10-17-2007, 01:36 PM
 
18,876 posts, read 21,133,427 times
Reputation: 26455
About 12k for land. Be paid off before 12/08. House paid off years ago. Cars same. Except for the lot we've been debt free for 6 years.
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Old 10-17-2007, 02:26 PM
 
2 posts, read 2,669 times
Reputation: 11
0.

I'm really proud of ourself. Our family of 3, came to this country 7 years ago with $3000. Now we have our own house cost over $300,000 with 30% down, no debt at all. We bought 2 cars in cash, one is used. Our family is bigger now, 2 kids, a girl and a boy!

We are very happy even though our family income is just below average in CA.
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Old 10-17-2007, 02:29 PM
 
781 posts, read 2,716,272 times
Reputation: 246
Also.....zero:-) Good luck on your paper.
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Old 10-17-2007, 03:49 PM
 
2,141 posts, read 5,218,646 times
Reputation: 1149
Quote:
Originally Posted by Changlelele View Post
0.

I'm really proud of ourself. Our family of 3, came to this country 7 years ago with $3000. Now we have our own house cost over $300,000 with 30% down, no debt at all. We bought 2 cars in cash, one is used. Our family is bigger now, 2 kids, a girl and a boy!

We are very happy even though our family income is just below average in CA.
You should be proud! I've learned that most immigrants work very hard and tend to pay for many things in cash and carry very little debt. Good for you!
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