Are you completely debt free?

HalloweenJack · 27-11-2011 05:08PM

I was in school during the boom and in college when the recession hit. I was able to get a full-time job not soon after I left college, though not in Ireland. I was living at home until the summer and never had a lot of money to spend.

I have no debts, I'm just started on my economic path. I make enough money to pay my rent and my bills, etc. I've a bit left over at the end of the month, though I've recently start working more hours so I'll be earning more in the months to come.

CrazyRabbit · 27-11-2011 05:08PM

No..no debts for me. In fact, I'm owed money from friends whose businesses I invested in.

I think I've only ever borrowed a large sum of money once, and paid it back as quickly as I could. I save my money and then spend it, rather than spending money I don't have and then paying it back with huge interest.

I'm not 'rich', but I am doing quite well compared to many. This is somewhat due to having a good job, but mostly because I'm wise about how I use my money.

Sunnyisland · 27-11-2011 05:09PM

Counting everything all my debts come to 11,000.

Kojak · 27-11-2011 05:10PM

I owe €15 million to the banks - God bless you NAMA.....

CamperMan · 27-11-2011 05:12PM

I am completely debt free, my own house, no mortgage, no car loans, no overdrafts, zilch... I do have 2 credit cards, but I don't use them

people owe me money... it would be nice to get this back

CamperMan · 27-11-2011 05:16PM

Thrill wrote: »

Dept free here as well. I saved instead of spent during the boom years and lived well within my means, so the current economic troubles haven't hurt me so far.

same here

Andy-Pandy · 27-11-2011 05:17PM

No mortgage, no credit cards, no loans and I dont owe a penny to anyone. At 34 im free to do and go as I please

Mike 1972 · 27-11-2011 05:18PM

CamperMan wrote: »

people owe me money... it would be nice to get this back

http://gallery.mobile9.com/f/716016/

minidazzler · 27-11-2011 05:20PM

CamperMan wrote: »

I am completely debt free, my own house, no mortgage, no car loans, no overdrafts, zilch... I do have 2 credit cards, but I don't use them

people owe me money... it would be nice to get this back

Guarantee you have a hard time with at least one person paying you back who thinks it should be written off becasue you're not in debt!

Ellis Dee · 27-11-2011 05:24PM

I haven't been in debt for many years. But now when I read about all those gits owing millions or billions and still living high on the hog, I realise that I went wrong a long way back.:rolleyes::rolleyes::rolleyes:

CamperMan · 27-11-2011 05:27PM

minidazzler wrote: »

Guarantee you have a hard time with at least one person paying you back who thinks it should be written off becasue you're not in debt!

I have no debts but I have very little income and very little cash, you could say I am on the poverty line, but nice to know I will have a roof over my head and will be able to eat from the fruit garden should times get harder than they already are

westendgirlie · 27-11-2011 05:36PM

I dunno what option to choose. I have a mortgage and I have debts so do I add that all up? If so, stick me into the highest value category

mickrock · 27-11-2011 05:37PM

I once read that no matter what people earn they tend to spend on average 5% (or was it 10%) more than they earn.

This is more understandable for poorer people but seems a bit crazy for wealthier ones. Status and keeping up with the joneses has a lot to do with it but the main thing is that most people aren't very strong on budgeting and money management.

Buddinplant · 27-11-2011 05:44PM

Never had a loan, that i couldnt pay off within two weeks. being unemployed will make you budget, but have been like this since college. compared to family, i'm probably in profit if i sold all my books, and other detritus picked up over the years. anyone looking for a stamp collection ?

saa · 27-11-2011 05:48PM

I am, I won't be next year curse the complete removal of funding for post grad courses

Dunno whether to dole find work save up and go do a masters and possibly lose the job or take out a loan>masters..find work in field of degree, kind of worried I won't pick the right masters though oh boo whoo.

Big Nasty · 27-11-2011 05:50PM

Am I fcuk!

About €300k in the red. :cool:

jester77 · 27-11-2011 05:52PM

zilch, could maintain my current lifestyle for at least 5 years without assistance if I quit work tomorrow.

Wibbs · 27-11-2011 06:22PM

Yep. No debt at all. Lifetime wise one mortgage long paid off. Other than that I've never gotten a loan. If I want something I save for it and if I can't afford it I don't buy it. Old fashioned man I is.

:)

El Horseboxo · 27-11-2011 06:26PM

The most or longest i've ever been in debt has been until i clear my visa card which is usually straight after using my card. I inherited a house so never had a mortgage. I've never borrowed anything either and hope i never will need to.

hairyslug · 27-11-2011 06:33PM

2k on the credit card, 2k on a car loanand 5k with the credit union, hope to be debt free by about june but it looks like ill be geting a 20k loan foe a small extentension so might aswell say i have anoth 7 years of dwbt ahead of me, not including 480k on the mortgage, less than 3 years ago i was debt free with 50k in savings, i blame mary harney

mikom · 27-11-2011 06:36PM

Buddinplant wrote: »

Never had a loan, that i couldnt pay off within two weeks.

I read this in a Robert De Niro from "Heat" voice.

Acoshla · 27-11-2011 06:40PM

Nope no debt, no mortgage, no car loan (have never had any loan, and my mother's a loan advisor!). I have a credit card but only use it for online or big purchases, I either put the money in before I spend it or pay it the next day in the Post Office. I'm terrified of the day I may have to get a car loan or something, I won't be able to relax until I've paid it off, couldn't handle a long term loan, would freak me out.

moco · 27-11-2011 06:41PM

I was under the impression most people are in debt so I didn't feel too bad about mine. This thread is making me

caitmb · 27-11-2011 06:45PM

Only in my dreams am I debt free.....I thought almost everyone was in the same boat til today. Roll on budget day(s) to see how much better/worse its gonna get!!

dory · 27-11-2011 06:48PM

No debt thankfully. Never bought anything big and never got credit on the smalls things I've bought. Bit shocked to see almost 50% are debt free.

miec · 27-11-2011 06:50PM

I owe around €450 on credit card and €600 for credit union so just over a grand in debt.

R.D. aka MR.D · 27-11-2011 06:54PM

Worked my way out of almost 7000e worth of debt and i will NEVER get myself into debt again.

It's just not worth it. If i don't have the money for it then i can't have it. Simple.

27-11-2011 06:56PM

I'd love to be debt free, up to my neck in negative equity.

Kids never get yourself in debt

ShadowHearth · 27-11-2011 06:59PM

I have +800 eu on credit card ( not dept ) . Will be buying pc next week.

-450eu loan.

We were planing on buying house. Had mortgage approved and all. Started a hunt for a house in early summer. Few days ago we had to pull out second time from closing a deal, because sellers house had issues... All this time were saving for when we get house, so we can buy stuff for it.
Now we pulled out from buying one, as it just exhausted us. Good thing about it we got alot of savings during this year.

44leto · 27-11-2011 07:10PM

I think as a taxpayer I owe ECB/IMF 50.000. I don't remember spending that.

Otherwise I am OK. I have to get a car and I can just about manage that on my savings, but it will mean a thrifty xmas and so what.

Are you completely debt free?

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