how much to get you totally out of debt?

by oompa 31 Replies latest jw friends

  • oompa
    oompa

    list all debt other than your home. then, if you are buying a home list that beside it. think about what it would take to make a real difference in your life. $1000 can make a big difference for some people. Others $10,000 would make the difference, and some $99,000 would really make little diference in their debt situation. If you feel the money may be available soon, state why it would make a difference....oompa.... this was prompted by a recent post of a single mom getting rid of her newer car for an older Saturn and have no debt with it.

    Sample

    General debt: $64, 666. 00 Home: $221,765.00

  • sass_my_frass
    sass_my_frass

    General debt: $0

    Home: $70K

    I see an interest rate problem on the way. I'm glad we're in so little debt.

  • Honesty
    Honesty
    how much to get you totally out of debt?

    Home - less than 35K

    General debt - less than 1K

    My death should take care of it.

  • barry
    barry

    general dept 0

    house dept $70k but will be down to $10 k in a few weeks

    47

  • JK666
    JK666

    Oompa,

    If I dwell too much on my finances now, you had better hide the razor blades.

    House $85K on an ARM

    General $25K revolving credit

    Income $0

    Own one car and am not upside down on the other.

    JK

  • oompa
    oompa

    Sorry JK666! That was not the intent of the post. Anyway I know you have one so put the Glock away too! It is interesting that so far we see some folks that seem to be in good shape. I see practical and conservative so far, which is smart....Those dubs did teach keep a simple eye!!!...........oompa

  • BFD
    BFD

    Debt +/- $3,000

    Remaining on mortgage, $55,000

    BFD

  • DJK
    DJK

    Home 235K

    Truck 5k

    Wifes car 18k

    debt 0

    cash on hand +50k

  • aquagirl
    aquagirl

    zero debt..period..took a while to get here tho...its fabulous!!!!

  • oompa
    oompa

    aqua....either congratulatons.....or da_n you!!!!!........oompa

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