How much do you owe?

• Sykotyk

  

  Between the house, credit cards, business debt, etc, I owe about $100k. Should have it paid off by next fall at earliest.
• queencitybuckeye

  $145K on a mortgage. At 2.75%, I'm not paying it two minutes early.
• Cat Food Flambe'

  

  Belly35;1215966 wrote:We took the Dave Ramsey plannig course a year ago.
  Between my wife and I our personal total debt including everything we will be dedt free in 5 years.
  The two companies can be sold or closed with no lose of money.... Walk away
  If I sell them now we are talking addition funds.
  
  I will still work I have no plans to retire anytime soon the deft free is a nice goal and feeling to accomplish

  Belly - I conduct one of his courses once a year - while I don't agree with EVERY detail (It's just not possible to travel without a credit card unless you keep $25,000 in your debit-card accessible checking account), it's a great way to learn how to manage your money and understand the true cost of debt. I wish that I had taken it thirty years ago - it would have saved me a lot of stress.
• jmog

  Definitely did the Dave Ramsey "debt snowball" to get to this point.
  
  In the last two years we have paid off $15k worth of CC debt, and about $20k worth of car loan debt.
  
  Next will be house, but will take about 4 years to save up the cash.
• gorocks99

  

  ~$75k in student loans
• Glory Days

  

  0$
• Belly35

  

  Cat Food Flambe';1215988 wrote:Belly - I conduct one of his courses once a year - while I don't agree with EVERY detail (It's just not possible to travel without a credit card unless you keep $25,000 in your debit-card accessible checking account), it's a great way to learn how to manage your money and understand the true cost of debt. I wish that I had taken it thirty years ago - it would have saved me a lot of stress.

  I agree. I wasted so much money
• THE4RINGZ

  

  We owe about $90,000 on house valued at approx. $225,000. No other debt. Paid cash for our cars, and don't have a credit card.
• gut

  There's something ironic about people wasting money to take a class on how not to waste money.
• Cat Food Flambe'

  

  gut;1216040 wrote:There's something ironic about people wasting money to take a class on how not to waste money.

  Actually, we don't charge for the course, and his organization gives us the material at production cost.
  
  I usually do this for couple of churches in the Hilltop section of Columbus. Sadly, my guess is that 75% of the adults don't have the slightest idea of how they truly spend their money, or have any knowledge of how to control it. It's very common to see people who don't even realize they're paying 30%-40% interest on "buy here pay here" car loans - just drop the payment by $20 a month and extend the load period by 12 months, and they think they're getting the bargain of the century. For these people, being taught how to manage the their basic finances in a clear and understandable way is not wasted money. Ramsey isn't teaching anything approaching rocket science - but he -is- able to reach out to people in a manner that almost everyone can identify with.
  
  If I had my way, you should not be allowed to graduate from high school unless you could balance a checkbook and figure interest on a loan.
• mella

  Dave Ramsey rocks, the radio show is free. Started with the envelopes to keep track of spending, moved on to the debt snowball, and some luck. I agree, wish I started this plan 20 years ago.
• jmog

  gut;1216040 wrote:There's something ironic about people wasting money to take a class on how not to waste money.

  Then you don't understand such a thing as return on investment (which drives most businesses by the way). I never paid for a Ramsey course, googled the basics and figured it out on my own.
  
  However, if one spends $50 on a course and using those basics saves themselves $10,000 over years in interest, it was worth the original $50.
• 4cards

  

  ...just a hundred something on my wifes leased car every month and that's it. Home is paid for, no credit card debt, and my sons last semister at YSU in the fall is already paid.
• rmolin73

  

  Just my mortgage and about 1,500 on my credit card I'll pay that off this month.
• j_crazy

  

  180k on my house No other debt. Paid off my student loans last year. Got my truck off after totaling my previous one (insurance money).
• McFly1955

  

  around 100K on mortgage, around 15K on student loans, around 10K on 1 car (recently bought other car, paid cash).Student loans were at around 30K just a couple years ago, we have been hitting them hard with a plan to pay them off by the end of 2013, and will accomplish that unless something unexpected happens....Then the car is gone end of 2014, then we hope to never borrow again.
• End of Line

  

  Around 9K in medical bills.
• Sonofanump

  Just my mortgage which we have equity in. Wife's car is paid off and I have a company car.
  
  We are +10 years out of school and +10 years away from kids college so I'd hope we would be where we are at.
  
  I don't mind a 3.625% percentage rate and being able to include that interest on taxes.
• ernest_t_bass

  

  It's near impossible for me to get out of debt right now, or take any chunks out, as I'm taking Masters classes. Once I'm done with those, I plan on taking drastic steps in decreasing our debt.
• derek bomar

  

  55k in student loans, 6k for my truck and 190k mortgage
• like_that

  

  Zero debt.
• hoops23

  

  ernest_t_bass;1216329 wrote:It's near impossible for me to get out of debt right now, or take any chunks out, as I'm taking Masters classes. Once I'm done with those, I plan on taking drastic steps in decreasing our debt.

  This is becoming as bad as ytown always referring to her "hubby"
• ernest_t_bass

  

  hoops23;1216337 wrote:This is becoming as bad as ytown always referring to her "hubby"

  What's that?
• like_that

  

  hoops23;1216337 wrote:This is becoming as bad as ytown always referring to her "hubby"

  LMFAO, reps.
• GOONx19

  

  About $100,000 in student loans. With two years left.