Today's poll asks: Do you have more debt than savings? Post your answer below.
Poll: Debt vs. Savings
Do you have more debt than savings (excluding a home mortgage)?
Yes (134)
No (107)
About Even (4)
Related:
Feel free to post feedback about this poll in the forum below.
Add your voice! Click below to answer. ThriftyFun is powered by your wisdom!
Finally, no! I just paid off my last credit card. I'm 40 and still have about 5,000$ of my MA to pay off, but my investments are about 17,000$. Not enough to retire on, but it's a start!
We are currently debt free. No mortgage, no car loans, no credit card debt, no school loan debt. All of this was achieved on one income while I stayed home with my two kids. The biggest help to achieving no debt was getting a 15 year mortgage instead of a 30 year mortgage. The payments were a little higher, but worth cutting the length of the loan in half! Once the mortgage was paid off that money went towards the other loans.
Yahoo!, we just made our last mortgage payment on May 30th and it sure feels good to know we are debt free and we are at a great age to still enjoy it. I just turned 44 and my husband is 47. We did this all on one income as well. What really helped us was adding a little bit extra money to our mortage payments and also by paying weekly. Our mortgage would have been paid off when I turned 38 but we added an extra $50,000.00 to it to buy a new truck.
Add your voice! Click below to answer. ThriftyFun is powered by your wisdom!