How much debt do you have? I have about $50,000, including a car loan and consumer. (not including mortgage)?

Answers:4   |   LastUpdateAt:2012-10-23 16:23:03  

Question
Marti
Asked at 2012-08-23 23:57:03
Please tell me what your total debt is and what it does not include debt . (Student loans , car loans , credit cards , etc. ) I'm very curious as to what type and amount of debt that some have compared to mine.
Answer1aviannaAnswered at 2012-08-25 14:29:20
I owe 13,500 in credit card debt simply MedlinePlus February 1 20k 78k mortgage for another MedlinePlus We own our 3 cars , my husband has another 10k in ccdebt
Answer2RhiannaAnswered at 2012-08-28 17:30:17
Approximately $ 78,000.00 in my house . No other debts or other utilities then , cell phones and DirecTV .
Answer3RosettaAnswered at 2012-09-11 10:17:06
No credit card debt and no car loan. I co-signed for my brother's car so he can get a good price, but he manages and is responsible for it. MedlinePlus MedlinePlus I can use credit cards to pay all my bills I can (through automatic payment) and buy things I need as grocessries and gas (and get 1% cash back), but I pay the full balance each month in full so you pay no interest on credit cards. Generally, the amount reported is approximately $ 600 to $ 800. I tend to use credit card instead of cash and can get away with it because I did not treat plastic as free money and go on shopping sprees or buy things spur of the moment. I also like the option of refund of 1%. If you treat credit cards to replace cash, you will never have credit problems. Only buy things when they have the money to do it right? MedlinePlus Trying plastic the same way! MedlinePlus Is 140,000 mortgage for which I paid $ 10,000 for capital in two years. MedlinePlus MedlinePlus I have read (can not remember the source) that to remain financially solvent and comfortable, your home should not be worth more than three times their annual salary before taxes and your car will not be worth 1/3rd annual salary before taxes . Otherwise you are paying too much towards mortgage and car. You should also have 6-12 months of your monthly expenses in your bank account available at all times in case something happens to you. And these are only guidelines. Depending on your spending habits this might alter a bit. MedlinePlus MedlinePlus Should I get a new car. She is 13 and probably worth $ 1,000, but unless your running on the ground, I do not see a point to spend 25,000 on a new car. Probably I can last another 2 years! I can afford a new one, but I'm cheap like that :) MedlinePlus MedlinePlus If you have a major revolving debt on credit cards, lower it. You pay entirely too much in April and will never leave it.
Answer4ThadAnswered at 2012-10-23 16:22:06
My parents have about 100,000 MedlinePlus ( WITH MORTGAGE AND FINANCIAL SERVICES mobile phone) MedlinePlus MedlinePlus It's crazy how some people may owe more than they earn in a year . Due primarily SUCKS WHEN YOUR MAMA IN A hoarder and Spender .
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