$628.94 on my credit card.
this post was submitted on 20 Oct 2023
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A bank overdraft I use to restrain my consumerism.
None. Just my house.
I have a credit card bill but it gets paid off regularly.
About £30k on a mortgage. I'm 49 and bought a house with my wife in 2009 for £105k, sold that for £150k. Bought another one in 2019 for £220k.
Apart from that, never really in debt. Owing money bothers me, apart from fines but I don't consider them as debt.
This is essentially the same as me. I owe around £40k on a mortgage and my wife has student debt that she'll never have to repay. Other than that zero debt. I don't do debt and I like that I'm, more or less, debt free (mortgage doesn't really count imho.)
200k student loans, 110federal, 90k private
What's "bad" debt? What's "good" debt?
No debt is good, but a mortgage is at least not bad if it's affordable.
Debt you've used to make profitable investments
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Only debt we have a mortgage we owe 226k on. Cars are owned outright and were paid off early. Student loans we paid off early. We generally live below our means. CC's are used for general purchasing and paid off in full each month. They are basically a stop-gap for fraud protection.
I've got 25000 on a 4% interest rate for my car and like 5000 at 0% for a student loan. Y'all Americans live in one of the worst countries
That 4% was before 2021 Q3 I bet?
Yep. June '19. I really lucked out. The car I had before that was around 6 or 7%
Approximately 1.5k
Had to replace some shit around the house unexpectedly, and credit was the only route there.
Like you, it's the only debt I have other than mortgage, though I suspect in going to end up having to take on some fire a vehicle swap soon-ish