How much do you put on debt each month?

[guppy]

Just wondering where everyone is at with their debt payoffs. Currently I'm 36 weeks pregnant so we've been in super saver mode for the past few months, but previously I was putting 1,000 a month on debt. I said that to my husband yesterday and he almost didn't believe me. Ah, the power of the snowball! I think in the beginning we had around 200/mo leftover and to think it's become 1,000 in <2 years! How's your situation looking??

[MonkeyMama]

$0.

We pay the mortgage as scheduled. Will pay it down extra when our retirement is maxed out.

No other debts - never have been.

[littleroc02us]

Before I got married in 2006 and party during, I had 50k in debt from things such things as student loans, credit cards, etc.... I paid off around 30k in about 3 years, then we got married and paid the rest in a year and a half. It has been 2 years since we've had any debt, now we are concentrating on the mortgage and we are planning to pay off 1/3 of it in approximately 2 years.
The thing about debt, is that it pissed me off and don't want it around ever again. We pay cash for all things and stick to our budget well. Good luck with the family.

[EconoMutt]

Still struggling with debt.
$14,000 left.
I've decided to follow the DR method through the end of the year.
I'm hoping to be debt free by the end of 2011.

[rizzmo]

We currently throw $1500 per month at $75k in student loans. We could put $2,400 but then we could fund emergency fund and extra house payment.

[mrpaseo]

We put about $3000 per month towards debt... to include the mortgage... We will have the house paid off in December and any outstanding debt shortly thereafter.

[Adriansane]

Im lucky....dont have much in bills nowadays so i can actually afford to use about 650.00 to put towards paying of my debt. im about 5G under so should take me about a year or so...BONUS!!!

[littleroc02us]

If you guys are looking for help with getting out of debt and it's free, try this website "http://www.daveramsey.com/". I don't normally push websites, but I've been listening to him for years and bought his books and now I'm completely debt free, except the house and doing great.

[Sian]

currently i'm just payin the minimums b/c of some setbacks (unless i get an addt'l job) but that's only until the end of the yr.

i was puttin $307/mo altho i WAS puttin $357/mo... it was only an extra $50/mo but it was better than nuttin... so at the beginnin of the yr i should b able to put at least that much if not more. we'll c.

[EconoMutt]

Wow, that's really impressive guys. What's the DR method?

DR = Dave Ramsey

I'm following his gazelle method and throwing everything I can at the debt until year's end.

[disneysteve]

Obviously, the dollar amount that people put toward debt will vary greatly based on the amount of debt and the amount of income so I'm not sure it is a meaningful question. That said, our only debt is our mortgage. Our regular scheduled payment (principal and interest) is about $700. We pay a minimum of $200/month extra toward principal but virtually every month actually send well above that. Last month, I paid an extra $1,100.

[skydivingchic]

The mortgage is my only debt and it is split 50/50 with my DBF. My half of the regular mortgage payment is ~$610 (principal and interest). Currently we put some extra toward the mortgage to the tune of ~$150 each. When I was paying off my CC several years ago I was putting ~$800-900 per month toward it, so somewhere around $1000 per month total was going toward the CC and additional mortgage. I do agree with DS that raw numbers are very dependent upon individual debt and income levels and so are somewhat irrelevant.

[cptacek]

My snowball is up to $750 a month. Got a balance transfer offer in the mail that will save me $1000 over the next three years (when all debt besides farm debt will be paid off...though technically the credit card debt IS farm debt), but the card they offered it on had expired, so I have to get a new card and then I can transfer it.

[solvemybadcredit]

I just pay my mortgage, but got rid of all my cc-s and overdraft. I have met some clients having only minimum payments of £1500! Bad enough!

[Hector]

We currently throw $1500 per month at $75k in student loans. We could put $2,400 but then we could fund emergency fund and extra house payment.

Why would a person take mortgage when he has $75k in student loans!?