We just figred this out the other night. We have a financial planner now that gave us a cool work sheet.

NOT including the house:

we have around $52,000 of consumer debt, car payment and student loans. My student loans are the big one! Ugh!

too much to think about

These are both appox. because I don't feel like digging out the docs right now, but I know they are pretty close.

$127,000 for mortgage
$18,000 for DH student loans.
Total=$145,000

I feel we are doing pretty well considering what we make. We have always been careful not to use out CC unless we are planning on paying it off when it comes due. We also make due with used cars that we can pay for outright instead of buying new ones and having to pay the interest on them. I know that not all people are able to do this, but I feel that it is better to save $ for a car and get the interest of it then make payments on a car and pay interest on it.

I noticed that very few people listed student loans. Were you most of you able to go through without them, or am I and my husband just younger them most of you? We're both 26. He will be starting Seminary starting this fall, which will be another $7,000 per year. We have been told that most of this should be able to be covered by scholarships.

__________________

Ah, to be 26.

__________________
:love:R4JBNS Traci
Wife to Ben Sahm to Jonathon, Jessyca, Jordan & Jackson

I’ve been SWAK’d!
__________________
I’ve been SWAK’d!

well here goes:

2000 dh's personal debt
800 dh's back taxes
500 in overdraft
1000 in CC debt
60,000 in student loans


we rent, have a POS car... we have goals to have my student loan paid before the 10 year mark, and to save enough to buy a house (down payment) in five years... we are going to buy new cars, we decided buying clunkers is way cheaper... as soon as it dies, we're getting another crapper lol... it's almost a game to see how long it will last... going to school was a huge expense, and since i just gradded in dec. it doesn;t seem like it was worth it yet, cause i dont have a career yet, just a retail job...

I'm 23 (well, will be this week) and dh is 25. No student loans to pay off because dh went to the Air Force Academy.

__________________
~Vicki~
Mama to Hailey, 4 and Ella, 2

130k mortgage
15k vehicle
15k student loans


160k, not too bad! Considering school is important and my house is an investement!

__________________

Mortgage=150,000 (9 years left on 15)
CC= 0
Student Loans= 0
Car & Truck= 0

We worked really hard on this over the past year. And we are extremely happy to say...we are debt free. If we had to sell our house we could put over 200,000 down on a new one just because we owe way less than our house is currently worth. My husband is brilliant with money to say the least. 1 & 1/2 years ago To the DAY we owed:

15,000 on CC Debt
210,000 on Mortgage
5,000 in student loans
5,000 in my old debt before DH

We never have car payments...keep in mind I drove a $400 Nissan sentra for 2 years...1 of which I had my DD. My husband (who owns the company) has a company truck...paid off.

Here's our consumer debt:
$900 - medical from dd's birth
$4000- credit cards
$14,000 - 2 car loans
$650 -owe our parents
We are using our $2700 tax refund to pay off our parents and almost half of our credit cards

Plus:
$5000 - dh & my student loans
$95,000 - mortgage (have only been paying for 3 years)

Not great, but could be worse I guess. It will be a great feeling to have our consumer debt paid off next year (all except our car loan).

The only "debt" we have is our house ($300,000), which we bought in May. Otherwise, both our vehicles are paid off and we pay our credit card off at the end of every month.