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View Poll Results: How much debt do you have?
Zip ... nadda ... zilch 56 55.45%
under $999 4 3.96%
$1000 - $5000 15 14.85%
$5000 - $10,000 6 5.94%
$10,000 - $20,000 7 6.93%
$20,000 - $40,000 5 4.95%
$40,000 - $60,000 1 0.99%
$60,000 - $100,000 3 2.97%
over $100,000 4 3.96%
Voters: 101. You may not vote on this poll

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Old 08-19-10, 08:38 PM   #1
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Poll - how far in debt are you?

Definitely an anonymous poll. Don't include your mortgage. I'm just looking at bad debt (car, credit cards, general overall bad debt)

Last edited by Alfster; 08-19-10 at 08:45 PM.
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Old 08-19-10, 08:38 PM   #2
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Not in debt...at all.
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Old 08-19-10, 08:50 PM   #3
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Not in debt...at all.
One of the lucky few.
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Old 08-19-10, 08:53 PM   #4
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Just getting out of debt, wasn't really bad debt, but I still didn't want to be in it. ;0)
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Old 08-19-10, 08:54 PM   #5
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I included my mortgage. Next time I'll read. No debt here. <-cc paid in full each month. I'm a $11.23/hr balla.
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Old 08-19-10, 08:55 PM   #6
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One of the lucky few.
Not being in debt is far more likely to being fiscally responsible than being lucky...unless you were born into money.
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Old 08-19-10, 09:01 PM   #7
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I almost own the john deere!
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Old 08-19-10, 09:02 PM   #8
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There's nothing wrong with car debt under the right circumstances. If you owe $10K on a car worth 20K, that's good debt. After you pay off the car, you have an asset with value.
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Old 08-19-10, 09:09 PM   #9
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Ridding myself of it - still have a bit more - but I doooooo have a clearing up ahead.

Starting from my ex-husband's business - it traveled to me and my wages (and yeah - I may not have been wise with my checking accounts as well) were garnished for several years - and that ended last year - nothing like getting back $400 more a month!!! Have a smallish school loan to go now and a $3300 hospital bill that I will tackle soon (from when I was bartending and was injured in a mtb accident - no ins) and then I will be clean. Yay!!!!!!

The IRS/NYS $15,000 garnishment really killed me though from the ex's plumbing company; made extra special because he was in the "Big House" for several years and it turned out he never paid any sales tax, etc. And let me tell you - what they deem as disposable income (meaning what they think you can live on) sucks. Living on that with a meager income just absolutely sucked for several years. They want their money and eff you on how you can live. Thank goodness that I had some (YAY - phooey NYS) minor cleaning jobs so I had some money to eat.

Gosh that man I married was a great guy.

But looking to the day of clean - and btw I have no credit cards, etc -- hehe - they wouldn't give me one anyway - I always giggle when the cashier person at the store tries to have me fill out a form so I can save 10% or whatever. No thank you.

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Reformed, cash only please


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Old 08-19-10, 09:13 PM   #10
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I don't consider most of my debt bad debt. Most of it is the loan I got to start my business. $40K to start with, well under $10K now, so I'm on the home stretch. Once that's done, I'm gonna assume a home loan once I find the place of my dreams.

No car, student, CC debt, though.
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Old 08-19-10, 09:14 PM   #11
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Credit card is the only non-mortgage debt I have and it is low. paid cash for my car and other assets. paid of my student loan last year. On the flipside, I have little actual cash savings apart from my super fund. basically a nil all draw.
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Old 08-19-10, 09:14 PM   #12
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No debt, no mortgage.
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Old 08-19-10, 09:15 PM   #13
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I don't consider most of my debt bad debt. Most of it is the loan I got to start my business. $40K to start with, well under $10K now, so I'm on the home stretch. Once that's done, I'm gonna assume a home loan once I find the place of my dreams.

No car, student, CC debt, though.

I could definitely sleep with that. Good luck with your business!
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Old 08-19-10, 09:16 PM   #14
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[gnome sez: On the flipside, I have little actual cash savings apart from my super fund.
Super Fund??? You get paid for making environmental disasters?

edit - must have a different meaning in NZ.
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Old 08-19-10, 09:26 PM   #15
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There's nothing wrong with car debt under the right circumstances. If you owe $10K on a car worth 20K, that's good debt. After you pay off the car, you have an asset with value.
Most vehicle purchases are considered bad debt by traditional definition, however you're right that it can be considered good debt under the right circumstances. That includes buying a more fuel efficient car than your previous one. However, for the sake of this poll, add in the auto loans.
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Old 08-19-10, 09:29 PM   #16
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Quote:
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Ridding myself of it - still have a bit more - but I doooooo have a clearing up ahead.

Starting from my ex-husband's business - it traveled to me and my wages (and yeah - I may not have been wise with my checking accounts as well) were garnished for several years - and that ended last year - nothing like getting back $400 more a month!!! Have a smallish school loan to go now and a $3300 hospital bill that I will tackle soon (from when I was bartending and was injured in a mtb accident - no ins) and then I will be clean. Yay!!!!!!

The IRS/NYS $15,000 garnishment really killed me though from the ex's plumbing company; made extra special because he was in the "Big House" for several years and it turned out he never paid any sales tax, etc. And let me tell you - what they deem as disposable income (meaning what they think you can live on) sucks. Living on that with a meager income just absolutely sucked for several years. They want their money and eff you on how you can live. Thank goodness that I had some (YAY - phooey NYS) minor cleaning jobs so I had some money to eat.

Gosh that man I married was a great guy.

But looking to the day of clean - and btw I have no credit cards, etc -- hehe - they wouldn't give me one anyway - I always giggle when the cashier person at the store tries to have me fill out a form so I can save 10% or whatever. No thank you.

Signed,

Reformed, cash only please


Ouch, that just sounds painful. Glad you're digging yourself out of debt.
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Old 08-19-10, 09:50 PM   #17
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Not in debt...at all.
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Old 08-19-10, 09:57 PM   #18
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No debt, no mortgage, I pay cash at all times and if I use the Visa, it gets paid off that month, automatically.
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Old 08-19-10, 10:07 PM   #19
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Nada, except the mortgage.
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Old 08-19-10, 10:22 PM   #20
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Nada, except the mortgage.
+1
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Old 08-19-10, 10:45 PM   #21
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Man, I'm so far in debt, I'm gonna have to take another job soon just to make ends meet.
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Old 08-19-10, 10:57 PM   #22
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None except for the mortgage.
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Old 08-19-10, 11:16 PM   #23
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I owe $12.95 on my credit card for a monthly website fee.

Plus the mortgage.

I'm thinking of buying a new car this winter so I might take out a loan.
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Old 08-19-10, 11:20 PM   #24
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Don't do it, GP!!!! Car loans generally suck!
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Old 08-19-10, 11:24 PM   #25
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Don't do it, GP!!!! Car loans generally suck!
Yeah, you're right. My car is an '02 Toyota Tacoma with about 80,000 miles so there's not really a good reason to sell it.
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