Personal debt?
This is related to the thread in Political Outsider, minus the politics.
How much do you owe? Are you paying it off?
I've owed about US$5000 for the last three years, and I haven't really been very successful paying it off because I'm underemployed and have a lot of expenses. But it hasn't gotten any worse in that time. The credit card companies love people like me.
Am I a horrible person?
How much do you owe? Are you paying it off?
I've owed about US$5000 for the last three years, and I haven't really been very successful paying it off because I'm underemployed and have a lot of expenses. But it hasn't gotten any worse in that time. The credit card companies love people like me.
Am I a horrible person?
Comments
It's a big pain in the arse if you ask me.
Student loans...
~$23,000 for me.
~$61,000 for my wife (damned law school).
WOOHOO! \
Originally posted by groverat
Student loans...
~$23,000 for me.
~$61,000 for my wife (damned law school).
WOOHOO! \
Oh I didn't count those. For me:
~ $15,000
I actually love how now, you really don't need a credit card. I love that you can use your bank card for a lot of the things that traditionally you would have to put on a credit card. From now on the only debt I'll carry is either a mortgage or a car payment.
How much do I owe? Not telling.
$25 on CC1
$260 on CC2 (stupid NFL playoffs)
$1190 on CC3
However, the $1190 is at zero percent until next January. Its the remaining balance on my powerbook and cinema display, so I don't mind that debt too much.
The $260 for NFL playoffs is also on zero percent, until March 2006, so that is about $20 a month to pay off.
I don't normally use CC, so these debts aren't a big worry to me. (I hope).
I try to pay my bills every month, but I am bad when it comes to bills I cannot pay online -- however, I paid the last one of those off two weeks ago in a maddening rush to the post office.
So I guess I am debt free. I am saving roughly one quarter of my monthly stipend (I am a grad student) -- the last four months will be going towards a holiday...
Want to earn a 12% return on your investment every month?! Pay off your credit cards!
They are not aggressively coming after me of late, I assume it's too little for them to sue over, not sure when it'll be "forgiven". Last I checked they were offering substantial reduction in the total, unfortunately I'm unemployed, so it's moot. It's about 8K, and not enough to bother to go bankrupt over, according to several lawyer's advice so far.
I do want to pay it off, but full-time work is hard to come by, at least the kind that'd give me enough left over to pay that off.
Originally posted by ShawnJ
0 in my 3rd year of college. I'll be in Groverat's wife's position soon. Well, you know what I mean.
Fortunatly we were able to dig ourselves out of the situation, or at least thats where we are headed. I do have right at $40k in student loans to pay off beyond that however I look at that a bit differently than I do credit card interest. wow this is such a sobering subject.
I really have to finish my taxes. With my job search and move, I should be getting a fat check from the federal government, but I will probably get screwed by NJ and NC to dampen that windfall.