Was 37k a year ago, now it's 16k.Yess!
Almost done or at least feels like it.I've never made more than 36k a year.Got stuck with marital debt my "construction guy"now ex husband ran up.

Anonymous wrote:I completely understand that shit happens sometimes and you need to carry debt.

But the posters who have a $300+ HHI there is NO excuse to carry around credit card debt. You are just morons if you do that and/ or incredibly irresponsible with your money.

I guess that I am one of those morons! Actually, I feel similar and it is a constant struggle with DH. We are down to $15k in cc debt, but it is all at zero % and the plan is to pay it off before the promotional rates expire. I hate excuses, but daycare, new house, paid off student loans, etc. yes, we make $300k but ended up with $15k in cc debt. Sh*t happens.

I had none but then fell in love with my now DH. Before engagement, i learned about the 35k in cc debt. 5 years later after wedding and baby, we are down to 15k. We will pay it off...

Anonymous wrote:$500K. I used my credit card to buy $500K house.

I know someone who did this with a credit card to get the promo rate and points. Then they realilzed NONE of the interest was tax deductible and three months later took out a mortgage.

We are down to about 1k, from a high 8 years ago of... IDK exactly... 15-20k? I have blocked that portion of life from my memory.
Basically paid off through two strategies - I took over all the finances, and switched to a much higher paying job.

Anonymous wrote:I do not understand the horror around CC debt. A lot of companies offer zero percent financing for things. You are just dumb if you don't take up those offers. Just like zero percent on the car - yes, I could pay it off, but if someone is letting me invest money now to pay them later at zero interest, why wouldn't I take that deal?

That's a great strategy if you have the money to pay it off. That's not the credit card debt people are in horror of. Lots of people are paying very high interest rates, fees, etc. of they don't read the fine print on the 0% and miss a payment or charge additional items that makes the interest rate jump up. Not everyone is financially savvy.

About $8,600

Anonymous wrote:We are very fortunate. Growing up, my parents had tons of debt. I think that is why I'm so opposed to it, if possible.

We have zero credit card debt, we paid off our mortgage in six and a half years, pay cash for cars, paid off student loans, have saved a significant amount for retirement.

As I said, we are truly fortunate. Having grown up the way I did, I realize that shit really does happen. I also learned that when shit happens, you can try to get out of it or continue to make bad choices.

I say this genuinely, please share your financial saviness.

I do not understand the horror around CC debt. A lot of companies offer zero percent financing for things. You are just dumb if you don't take up those offers. Just like zero percent on the car - yes, I could pay it off, but if someone is letting me invest money now to pay them later at zero interest, why wouldn't I take that deal?

Anonymous wrote:ashamed to say $322K

PP back - meant to say $30K, prior number was mistake (and I recognize that's a lot but working on it)

Anonymous wrote:

Anonymous wrote:$10,000 roughly. It's not a good scene and we're trying hard to get a handle on it. But we live on very little with two kids under the age of 3 so I think this period of our life is simply marked by debt.

how did you decide you could afford two children?

Not this poster, but we decided that we could 'afford' to have kids with credit card debt. Here was our logic- neither of us had student loans, no car payments (at the time) and only had cc debt which we hated but was at near zero rates. It was a small portion of our budget so it wasn't that big of a deal and we tried to pay as much off/sock away as much as we could prior to kids. We decided we could be cc free and have fertility problems which would be equal to cc debt. We also wanted to be 'younger' parents which was something important to us. Do we still have cc debt? Yes, but we have been actively trying to pay it down.

$500K. I used my credit card to buy $500K house.

None.

Zero. I've had student loans, but I have never had a credit card balance. I don't understand why one would pay the crazy high cc interest rates instead of spending within your means.

$15K, down from about $25K. Current HHI $150K, but the debt is mostly from before we had the jobs we have now. We're chipping away at it slowly.