What Amount Would It Take To Get You Out Of Debt?
 

I am going to make a private poll with ranges to be chosen. I am wanting to make this poll so that it is least likely to make anyone feel like they are giving away any personal information.

I was going to first make it to be "What amount would it take to turn your life around?"

For me.. about $25,000 would get my family completely out of debt.

About twice that much would pay off all debts and allow us to begin doing things to further accomplish goals (Getting off the grid... increasing our farm, animals etc.)

Re: What Amount Would It Take To Get You Out Of De
 

Less than $20,000. That includes house, car and other bills. We're working hard at making that happen.

Re: What Amount Would It Take To Get You Out Of De
 

I owe a little on a couple of gas cards...I think.

Re: What Amount Would It Take To Get You Out Of De
 

Wow. That amount would pay off just one of our 6 student loans, and of course that doesn't touch the cars or house. LOL

Re: What Amount Would It Take To Get You Out Of De
 

Indeed. Mine includes all those things as well.

Hooray for you. That is great news.

Re: What Amount Would It Take To Get You Out Of De
 

Total?

If so...

W
O
W

How great that is.

Re: What Amount Would It Take To Get You Out Of De
 

It's called age.

I'd much rather be 20 and be in hock up to my eyeballs.

Be glad to trade.

Re: What Amount Would It Take To Get You Out Of De
 

Or even better...

Be 20 and know what you know now. We could sure make a better 2nd run at it couldn't we? :)

I consistently preach to my kids... debt... is... slavery. That's it in a nutshell... cut and dried... in my opinion of course.

Re: What Amount Would It Take To Get You Out Of De
 

We have no debt other than our mortgage.

Re: What Amount Would It Take To Get You Out Of De
 

You are right about that, young'un.

btw, you are still a young'un compared to ME... :grumpy

When the wife and I got married, Mr. Macho decided he was going to handle all the bills.

Bad idea!

A big night out for us two love birds was to go to the drive in on a Saturday night, order two hamburgers and share a milk shake. That came to $3.00 total. We didn't know we were poor because we were too much in love. Our rent was $50.00 a month which included gas and water.

So, even though our budget was tight, we had just enough money left over for our big night out each week. So, Mr. Hero managing the money let a check bounce one week. That cost us $2.50 as I recall as an overdraft fee. We had to forfeit our big night out.

I would deposit my check in the bank and the write checks on it without keeping good records. When a check bounced, I became furious with the inept bank and went to see them to correct them. I left embarrassed having been properly corrected myself.

After this happened three or four times and having forfeiting our big night out, the wife finally suggested that I turn the check book over to her.

That turned out to be the smartest thing that I ever did. If THAT girl writes a check, Ft. Knox would go broke before it bounced. I married a good woman and a good money manager too...both are the same woman. :D

Well, at least I take credit for having enough sense to do the right thing, finally.