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General Discussion

brooklynite

(95,713 posts)

22. No debt at all...

Reply to Agschmid (Original post)

Mon Mar 28, 2016, 11:30 AM

Mar 2016

...other than the credit card bills that are paid in full each month. Car purchased in cash, Mortgage paid off early, no student debt.

not having to pay for kids probably helps...

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22 replies

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2015 American Household Credit Card Debt Study [View all] Agschmid Mar 2016 OP

Since I made the poll... Agschmid Mar 2016 #1

It would appear as if "Nominal Income vs. Cost of Living" is comparing apples and oranges JonLeibowitz Mar 2016 #2

That's fair I'm not 100% on the source really but I read the article and a lot of it made sense. Agschmid Mar 2016 #3

... JonLeibowitz Mar 2016 #4

Yup. Agschmid Mar 2016 #5

Interesting! Lucinda Mar 2016 #6

Mortgage debt is for the most part a "healthy" debt. Agschmid Mar 2016 #7

Yeah, I don't get why they put mortgage in there. mucifer Mar 2016 #8

true, unless you are upside down hfojvt Mar 2016 #13

Student Loan debt is also "good debt" in many cases too MichMan Mar 2016 #9

In my case gladium et scutum Mar 2016 #10

We have $5200 in cc debt stopbush Mar 2016 #11

that's not a very accurate number hfojvt Mar 2016 #12

I use the same credit card on file to buy books on both Amazon and Barnes & Noble. tblue37 Mar 2016 #14

Well, student loan debt not included... a la izquierda Mar 2016 #15

Will pay off car on April 1st eridani Mar 2016 #16

Woohoo! The car is done! Agschmid Mar 2016 #17

Figuring that a 2014 Honda CR-V should easily outlast a couple of 70-somethings n/t eridani Mar 2016 #18

Almost 50% taught_me_patience Mar 2016 #19

I'm very fortunate to be completely debt free. nt Javaman Mar 2016 #20

About 18% of our annual income goes to debt. Zing Zing Zingbah Mar 2016 #21

No debt at all... brooklynite Mar 2016 #22

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