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View Poll Results: How much debt do you have?

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  • 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%
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  1. #1
    long time visiter Alfster's Avatar
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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 09:45 PM.

  2. #2
    Riding Heaven's Highways on the grand tour ModoVincere's Avatar
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    Not in debt...at all.
    1 bronze, 0 silver, 1 gold

  3. #3
    long time visiter Alfster's Avatar
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    Quote Originally Posted by ModoVincere View Post
    Not in debt...at all.
    One of the lucky few.

  4. #4
    K2ProFlex baby! ilikebikes's Avatar
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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)
    You see, their morals, their code...it's a bad joke, dropped at the first sign of trouble. They're only as good as the world allows them to be. I'll show you. When the chips are down, these...These "civilized" people...they'll eat each other. See, I'm not a monster. I'm just ahead of the curve

  5. #5
    There's time now icedmocha's Avatar
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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.
    Quote Originally Posted by eofelis View Post
    A wise person once said to me: "You're lucky, you know how to get by on nothing."
    This thread is a perfect example of why you're one of the least respected people to post here.

  6. #6
    Senior Member Shimagnolo's Avatar
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    Quote Originally Posted by Alfster View Post
    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.

  7. #7
    Caustic Soccer Mom apclassic9's Avatar
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    I almost own the john deere!
    As with mud, life, too, slides by.

  8. #8
    Senior Member
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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.
    You're just trying to start an argument to show how smart you are.

  9. #9
    Blasted Weeds Tude's Avatar
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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



  10. #10
    Quirky Grifter LesterOfPuppets's Avatar
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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.
    1980ish Free Spirit Sunbird fixed * 1996 Mongoose IBOC Zero-G * 1997 KHS Comp * 1990-ish Scapin * Lemond Buenos Aires Triple

  11. #11
    shaken, not stirred. gnome's Avatar
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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.
    Get a bicycle. You will not regret it if you live. ~Mark Twain, "Taming the Bicycle"
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  12. #12
    Sore saddle cyclist Shifty's Avatar
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    No debt, no mortgage.
    Those voices in your head aren't real, but they have some great ideas

  13. #13
    Blasted Weeds Tude's Avatar
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    Quote Originally Posted by LesterOfPuppets View Post
    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!

  14. #14
    Quirky Grifter LesterOfPuppets's Avatar
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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.
    1980ish Free Spirit Sunbird fixed * 1996 Mongoose IBOC Zero-G * 1997 KHS Comp * 1990-ish Scapin * Lemond Buenos Aires Triple

  15. #15
    long time visiter Alfster's Avatar
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    Quote Originally Posted by StanSeven View Post
    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.

  16. #16
    long time visiter Alfster's Avatar
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    Quote Originally Posted by Tude View Post
    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.

  17. #17
    Senior Member
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    Quote Originally Posted by ModoVincere View Post
    Not in debt...at all.
    Dito.

  18. #18
    The Site Administrator: Currently at home recovering from a couple of strokes,please contact my assistnt admins for forum issues Tom Stormcrowe's Avatar
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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.
    on light duty due to illness; please contact my assistants for forum issues. They are Siu Blue Wind, or CbadRider or the other 3 star folk. I am currently at home recovering from a couple of strokes. I am making good progress, happily.


    . “He who fights with monsters might take care lest he thereby become a monster. And if you gaze for long into an abyss, the abyss gazes also into you.”- Fredrick Nietzsche

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  19. #19
    Administrator CbadRider's Avatar
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    Nada, except the mortgage.
    Quote Originally Posted by toddles View Post
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  20. #20
    crazy bike girl msincredible's Avatar
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    Quote Originally Posted by CbadRider View Post
    Nada, except the mortgage.
    +1
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  21. #21
    Strong with the Fred Big_e's Avatar
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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.
    I love pho long time.

  22. #22
    Senior Member travelmama's Avatar
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    None except for the mortgage.
    Two Wheels One Love

  23. #23
    Senior Member GP's Avatar
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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.

  24. #24
    Quirky Grifter LesterOfPuppets's Avatar
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    Don't do it, GP!!!! Car loans generally suck!
    1980ish Free Spirit Sunbird fixed * 1996 Mongoose IBOC Zero-G * 1997 KHS Comp * 1990-ish Scapin * Lemond Buenos Aires Triple

  25. #25
    Senior Member GP's Avatar
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    Quote Originally Posted by LesterOfPuppets View Post
    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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