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How in debt are you?

  • under $5,000

    Votes: 19 14.6%
  • $5,001-$20,000

    Votes: 29 22.3%
  • $20,001-$40,000

    Votes: 17 13.1%
  • $40,001-$60,000

    Votes: 7 5.4%
  • $60,001-$80,000

    Votes: 6 4.6%
  • $80,001-$100,000

    Votes: 6 4.6%
  • $100,001-$150,000

    Votes: 15 11.5%
  • $150,001-$200,000

    Votes: 16 12.3%
  • $200,001-$300,000

    Votes: 10 7.7%
  • over $300,001

    Votes: 5 3.8%
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Discussion Starter · #1 ·
So I'm hoping people want to share this! I was thinking a poll was nice and anonymous <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/smile.gif" style="border:0px solid;" title="smile"> Since starting on the Total Money Makeover I just wrote down all the debt DP and I have. It's staggering <img alt="" class="inlineimg" src="/img/vbsmilies/smilies/dizzy.gif" style="border:0px solid;" title="Dizzy">: and we don't even have a mortgage!<br><br>
So how about you?<br><br>
Oh, I'm hoping the amounts I put in actually work for people, I just took a stab at the amount people might actually be in debt! I know mortgages and businesses can include significant debt, that's why I made it so high.
 

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weeellllllllllllllllllll $116,000.000 for the mortgage and GULP about 13,000.00 in Credit cards. To much way to much <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/greensad.gif" style="border:0px solid;" title="greensad"> The morgage I can deal with, how else would we pay on a house, theCC is just plain stuidity again, will we ever learn, yes this is the last time once they are paid off. Waiting waiting waiting for my settlement, the everything will be fine.
 

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I voted but wanted to add that it is all mortgage except $1100 (so I'm not too worried).<br><br>
ETA: Our net worth is about $115,000. And, while I voted 100,000-150,000 I forgot that we have another house/mortgage (it's just in DH's name) so really I should have voted 200,001-300,000<br><br>
Sara
 

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I think a better poll would have been, What is your net worth? Just looking at how much debt one has is sort of meaningless without considering the assets side of the balance sheet too <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/smile.gif" style="border:0px solid;" title="smile">
 

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<div>Originally Posted by <strong>PajamaMama</strong> <a href="/community/forum/post/6456862"><img alt="View Post" class="inlineimg" src="/community/img/forum/go_quote.gif" style="border:0px solid;"></a></div>
<div style="font-style:italic;">I think a better poll would have been, What is your net worth? Just looking at how much debt one has is sort of meaningless without considering the assets side of the balance sheet too <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/smile.gif" style="border:0px solid;" title="smile"></div>
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$30,000 in debt and zero net worth.
 

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<div>Originally Posted by <strong>MamaInTheBoonies</strong> <a href="/community/forum/post/6456874"><img alt="View Post" class="inlineimg" src="/community/img/forum/go_quote.gif" style="border:0px solid;"></a></div>
<div style="font-style:italic;">$30,000 in debt and zero net worth.</div>
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<img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/hug.gif" style="border:0px solid;" title="hug">
 

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It took a LOT of hard work but we are free and clear now. Mind you we haven't yet purchased a house. That hopefully will be our next and last debt.<br><br>
I'll let you know honestly that cash only living is not all it's cracked up to be. It's hard to get to that point and even harder to stay there.<br><br>
Our net worth, is about $6000....not counting out 4 priceless investments on 2 legs!!
 

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The house and car a goo chunk of it....even though our mortgageis under 100k. Actually, when I made our mortgage payment I asked the balance....73,750 We only paid 75k for the house.<br><br>
The car....we made a bad purchase decision 5 yearsago and we are stll suffering from it! This one purchase has pretty much given us ALL of our financial trouble. ALL of it.
 

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So you're counting all debts in one? Then it's probably $300K or so. If you're not counting the mortgage, (which is really different in my opinion than consumer debt, considering we'd pay more in rent now than we pay on the mortgage) then it's more like $20K in student loans. The credit card (just one now) it's generally at $0, but right now it's at about $1000.<br><br>
Hmmm... net worth (I presume this means if we were to sell the apartment and cash in everything and pay all debts off), then we'd have $200K profit. Hey, that's a nice thought! <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/orngbiggrin.gif" style="border:0px solid;" title="orange big grin"> Makes me want to do that and take off traveling the country. Someday, someday. <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/winky.gif" style="border:0px solid;" title="Wink">
 

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I owe about 10K for my vehicle and have about 4K in credit card debt.<br><br>
Net worth: Zero.<br><br>
Oh, and we're renting. Hope to buy a house within the next five years.
 

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$50,000 left on the mortgage<br><br>
Around $6-7,000 school debt<br><br>
Maybe $300 credit card debt<br><br>
Not too bad, but it's more debt than I'd like.
 

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I don't have any debt but I have no net worth either. Does that mean I don't exist? <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/lol.gif" style="border:0px solid;" title="lol">
 

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I voted for $80 - $100k. Have ten years and $70ishk left on the mortgage, $3k on my car, and about $5k or so on credit cards my stupid ex ran up right before he ran off. So I probably fall under $80k, but I rounded up just a bit because I'm still not sure what all I have to deal with of his.
 

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Around $50,000.00 house. over $1,500.00 medical.<br><br>
If net worth means how much saving's then the answer to that is $0. <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/greensad.gif" style="border:0px solid;" title="greensad">
 

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Mine is under $2500, and it's all subsidized student loans.<br><br>
May change when we get a house, though... ahhh!
 

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Oh, and the only net worth I have is my car. If that counts. It's worth maybe $5k.
 

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Can you have a negative net worth? <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/lol.gif" style="border:0px solid;" title="lol">
 

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I think so. <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/greensad.gif" style="border:0px solid;" title="greensad"><img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/lol.gif" style="border:0px solid;" title="lol">
 

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<table border="0" cellpadding="6" cellspacing="0" width="99%"><tr><td class="alt2" style="border:1px inset;">
<div>Originally Posted by <strong>its_our_family</strong> <a href="/community/forum/post/6457318"><img alt="View Post" class="inlineimg" src="/community/img/forum/go_quote.gif" style="border:0px solid;"></a></div>
<div style="font-style:italic;">Can you have a negative net worth? <img alt="" class="inlineimg" src="http://www.mothering.com/discussions/images/smilies/lol.gif" style="border:0px solid;" title="lol"></div>
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Yup.<br><br>
I voted, but felt it was really misleading since it is all mortgage debt. If we sold the house we would be debt free!
 
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