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[quote=Anonymous][quote=Anonymous][quote=Anonymous]what is "debt"? most households have mortgage debt and auto loan debt. many have student loan debt. or are you just referring to credit card debt? My goal was to pay off ALL credit cards, ALL student loans and ALL car loans, and then I would still have a ridiculous high mortgage but at least it would be just the one big payment monthly. The student loans and car loans are finally paid off, and I have about $11K on the credit cards still.[/quote] I am just referring to credit card debt. It's just depressing to live such a bare bones lifestyle, but we don't really have a choice. How big is your mortgage? How long did it take to pay off your car and student loans?[/quote] My mtg payment is $6K/month. I paid off my car and student loans just by making the regular monthly payments - so my car is 7 years old but zero car payment (now it has 105K miles, but hopefully last me another two years?).[/quote]
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