Is anyone completely debt free?

**cschin4** · 09-17-2006, 12:18 PM

Re: Is anyone completely debt free?

We are debt free except one car loan we took out last year at 4%. We could have just paid for the car, but I thought it was a better deal to just take the 4% rate rather than fork over alot of cash. We paid off our mortgage last year. And, we always pay the cc in full each month. Student loans are long gone.

**Ima saver** · 09-17-2006, 12:20 PM

Re: Is anyone completely debt free?

Good for you!

**kealina** · 09-17-2006, 01:33 PM

Re: Is anyone completely debt free?

we don't have any debt at all but that's because we don't have enough money saved to start a mortgage yet... we're looking forward to the day when we can begin building equity but we are saving aggressively for now and hoping that hawaii prices begin dropping or at least leveling out... maybe in 5 or 10 years? in the meantime we will continue to avoid consumer debt.. it's possible we may have student loans if i go to grad school or DH goes back to school...

**Ima saver** · 09-17-2006, 02:18 PM

Re: Is anyone completely debt free?

Well it is good that you have no debt!

**Fillanzea** · 09-17-2006, 02:43 PM

Re: Is anyone completely debt free?

I am, but I also don't have any assets to speak of; I live with my parents and drive a van that my parents paid off a long time ago.

**Ima saver** · 09-17-2006, 02:48 PM

Re: Is anyone completely debt free?

I don't have a mortgage or credit card debt. I do owe on a piece of property and on my car.

**WellManicuredMan** · 09-17-2006, 03:54 PM

Re: Is anyone completely debt free?

I am completely debt free

**veronak** · 09-17-2006, 06:48 PM

Re: Is anyone completely debt free?

Wow completely debt free I don't even know what that feels like...lol But I am counting down to the day I am with about $3000.00 in debt including student loans i should be debt free by the end of the year.

**disneysteve** · 09-18-2006, 04:26 AM

Re: Is anyone completely debt free?

I'm not debt-free, but we have savings equal to about 3 times our mortgage balance, so I could pay it off tomorrow if I wanted to. It just doesn't make sense to do so since our investments earn a whole lot more than the interest we pay on the mortgage. I'm in no hurry to prepay the mortgage because of that.

**Broken Arrow** · 09-18-2006, 04:29 AM

Re: Is anyone completely debt free?

*sob*

**boefixepa** · 09-18-2006, 06:08 AM

Re: Is anyone completely debt free?

Just the house with the second. No consumer debt, car loans, or student loans.....the time will come, but it's still a long road ahead...I'm just happy to have a positive net worth!

**LuxLiving** · 09-18-2006, 07:09 AM

Re: Is anyone completely debt free?

No. We could be, but The Hubster prefers we have the large emergency fund rather than payoff the house. I'm working on him as the EF money earns less than we pay on mortgage interest. We could pay the mortgage off and still have a hefty little emerg-fund. No CCs, no car loans, no student loans, no second mortgages, etc. Debt free other than mortgage.

SOB? I dunno who you're calling....

Chin up - it takes awhile to get there.

"I have learned, that if one advances confidently in the
direction of his dreams, and endeavours to live the life he has
imagined, he will meet with a success unexpected in common hours." ~Henry David Thoreau

**Ima saver** · 09-18-2006, 08:16 AM

Re: Is anyone completely debt free?

That is my goal. I hope to pay off the land when our spec. house sells. Then it will just be the car. I have the money to pay the car off, but if I do, I am afraid he will want a new car!!

**debtfreeme** · 09-18-2006, 08:29 AM

Re: Is anyone completely debt free?

my mom is!

Is anyone completely debt free?