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Debt Confessions
Posted on 5/21/20 at 10:25 am
Posted on 5/21/20 at 10:25 am
13
Posted on 5/21/20 at 10:26 am to Mud_Till_May
Let me know when your house is up for auction so I can buy it and flip it.
Posted on 5/21/20 at 10:28 am to TheFonz
quote:
Let me know when your house is up for auction so I can buy it and flip it.
Not me Baw, your wife.
Posted on 5/21/20 at 10:29 am to Mud_Till_May
debt free and retired 
Posted on 5/21/20 at 10:31 am to Mud_Till_May
Just a mortgage. No car payments, no credit card debt, no student loans (thanks G.I. Bill).
Posted on 5/21/20 at 10:33 am to Mud_Till_May
Mortgage and one car payment at the moment.
Posted on 5/21/20 at 10:34 am to Mud_Till_May
If it weren’t for student loans we’d be good outside a very manageable mortgage.
Posted on 5/21/20 at 10:35 am to Mud_Till_May
Zero ..... but a renter. Looking to change that soon
This post was edited on 5/21/20 at 10:49 am
Posted on 5/21/20 at 10:37 am to danilo
quote:
Zero ..... but a renter. Looking to changes that soon
Don’t do it now, houses are over priced. How much cash do you have?
Posted on 5/21/20 at 10:41 am to Mud_Till_May
238k left on house. no other debt. 35 yrs old
Posted on 5/21/20 at 10:42 am to Mud_Till_May
quote:
Don’t do it now, houses are over priced. How much cash do you have?
Willing to put down $80k-$100k
Posted on 5/21/20 at 10:42 am to Mud_Till_May
14mins? GFY
Posted on 5/21/20 at 10:43 am to Mud_Till_May
shite my mayor owes more in taxes than I make yearly.
Posted on 5/21/20 at 10:44 am to Mud_Till_May
In my younger years I went over 10k in credit debt while on an internship that barely covered my bills. That shite was tough to dig out of. Took me like 8 years to pay it off. I was trying to pay as much as possible and then when something came up i'd have to use the card again and could never get out from under it. Ended up putting it on a low interest card and saving for a year while paying the minimum. once i had a safety net of cash built up i knocked it out. I couldn't imagine being 100k in credit debt.
ETA: my bills are under $500 a month now
ETA: my bills are under $500 a month now
This post was edited on 5/21/20 at 10:46 am
Posted on 5/21/20 at 10:44 am to Mud_Till_May
This stresses me out, not watching.
Posted on 5/21/20 at 10:45 am to Mud_Till_May
Zero debt. Just paid off my house last month.
Posted on 5/21/20 at 10:52 am to Mud_Till_May
Not all debt is created equal. I have mortgage at extremely low rate so will never pay off early, and anything I can get 0% interest on I do. Use their capital so I can get return on mine.
Anything with a normal interest gets paid off monthly.
Anything with a normal interest gets paid off monthly.
Posted on 5/21/20 at 1:07 pm to dgnx6
quote:
shite my mayor owes more in taxes than I make yearly.
At least your mayor pays her taxes.
Posted on 5/22/20 at 9:17 am to danilo
quote:
Willing to put down $80k-$100k
Buy a foreclosure and fix it up. Bank owned home would do too.
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