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How much in debt are you

  • 30-11-2019 12:05pm
    #1
    joejoggs
    Site Banned Posts: 35 ✭joejoggs


    How much in debt are you and your current income. Would be interesting to see. Not taking mortgages into account.


«1345678

Comments

  • #2
    Omackeral
    Registered Users, Registered Users 2 Posts: 32,956 ✭✭✭✭Omackeral


    2 Euro. It's for the bus bud.


  • #3
    corner of hells
    Registered Users, Registered Users 2 Posts: 8,408 ✭✭✭corner of hells


    Mr.S wrote: »
    2-3k on a credit card every month but that's cleared in full with each bill, apart form that - nada.

    Organised fcuker.


  • #4
    BDI
    Closed Accounts Posts: 2,005 ✭✭✭BDI


    Not one cent. Which is great. Dublin bus owe me 11 euro I’m going to collect when It gets too cold to cycle into work.


  • #5
    McMurphy
    Registered Users, Registered Users 2 Posts: 13,365 ✭✭✭✭McMurphy


    joejoggs wrote: »
    How much in debt are you and your current income. Would be interesting to see. Not taking mortgages into account.

    https://www.youtube.com/watch?v=HBz7G114hME


  • #6
    ytpe2r5bxkn0c1
    Closed Accounts Posts: 32,688 ✭✭✭✭ytpe2r5bxkn0c1


    No debt whatsoever. Income? €80k+

    What about yourself OP?


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  • #7
    [Deleted User]
    Posts: 5,311 ✭✭✭ [Deleted User]


    I never willingly enter into debt.


  • #8
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    Only cleared and removed my overdraft facility recently.
    No debt now.
    Do own a car on PCP though, and about to draw down a mortgage


  • #9
    ted1
    Registered Users, Registered Users 2 Posts: 23,650 ✭✭✭✭ted1


    Legacy Tasty Spit wrote: »
    No debt whatsoever. Income? €80k+

    What about yourself OP?

    Plenty of people earn more than €80k+ and are in debt...

    Some people live within their means and many don’t.


  • #10
    This is it
    Registered Users, Registered Users 2 Posts: 5,684 ✭✭✭This is it


    Legacy Tasty Spit wrote: »
    No debt whatsoever. Income? €80k+

    What about yourself OP?

    Never miss a chance, do you.


  • #11
    sportsfan90
    Registered Users, Registered Users 2 Posts: 641 ✭✭✭sportsfan90


    Thankfully I've never been in debt or had to take out any loans.

    I worked part-time to pay for college and only ever upgrade my car etc when I have the cash together to buy it upfront.

    I'm 29 with no real responsibilities to anyone except myself so I've never had reason to go into debt. A mortgage in a few years will change all this though.


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  • #12
    ted1
    Registered Users, Registered Users 2 Posts: 23,650 ✭✭✭✭ted1


    sportsfan90 wrote: »
    Thankfully I've never been in debt or had to take out any loans.

    I worked part-time to pay for college and only ever upgrade my car etc when I have the cash together to buy it upfront.

    I'm 29 with no real responsibilities to anyone except myself so I've never had reason to go into debt. A mortgage in a few years will change all this though.
    Mortgages are the easy part, a wife and kids are where debt comes from ;)

    I’ve never had ballet lessons but I’ve spent a fortune on them!!! Many other examples.


  • #13
    uptherebels
    Registered Users, Registered Users 2 Posts: 1,729 ✭✭✭uptherebels


    Zero, no loans, never had a credit card. But have no dependents so it's easier to live within my income.


  • #14
    SusanC10
    Registered Users Posts: 2,432 ✭✭✭SusanC10


    Apart from the Mortgage - zero. Both have Credit Cards but cleared every month automatically. Also have overdraft facility on Joint Account for emergencies but rarely used.


  • #15
    Shamboo1801
    Registered Users Posts: 105 ✭✭Shamboo1801


    Apart from mortgage, not a penny debt. Thankfully.


  • #16
    branie2
    Registered Users, Registered Users 2 Posts: 10,305 ✭✭✭✭branie2


    Thanfully I'm not


  • #17
    ytpe2r5bxkn0c1
    Closed Accounts Posts: 32,688 ✭✭✭✭ytpe2r5bxkn0c1


    This is it wrote: »
    Never miss a chance, do you.

    What's your problem? Question was asked and answered. Simple!


  • #18
    ytpe2r5bxkn0c1
    Closed Accounts Posts: 32,688 ✭✭✭✭ytpe2r5bxkn0c1


    ted1 wrote: »
    Plenty of people earn more than €80k+ and are in debt...

    Some people live within their means and many don’t.

    Absolutely. Living within your means is the key. Sometimes things conspire against you, however, and debt becomes a necessity. Plenty on low incomes without debt and just as many on higher incomes in debt.


  • #19
    suicide_circus
    Registered Users, Registered Users 2 Posts: 19,802 ✭✭✭✭suicide_circus


    mortgage only


  • #20
    Mint Sauce
    Registered Users, Registered Users 2 Posts: 29,293 ✭✭✭✭Mint Sauce


    This is it wrote: »
    Never miss a chance, do you.

    In fairness, Srameen answered the OPs question. Shame the OP has not contributed further than his/her question with what they owe.

    Me. Other than the mortgage a few bob on the Credit Card.


  • #21
    listermint
    Registered Users, Registered Users 2 Posts: 34,104 ✭✭✭✭listermint


    Mr.S wrote: »
    2-3k on a credit card every month but that's cleared in full with each bill, apart form that - nada.

    Why put 3k on a credit card and then clear it ?

    Intrigued


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  • #22
    lassykk
    Registered Users, Registered Users 2 Posts: 3,603 ✭✭✭lassykk


    listermint wrote: »
    Why put 3k on a credit card and then clear it ?

    Intrigued

    Cash back on some credit cards

    KBC offer it on mine... Only pennies most months but could be worth a few quid if spending on it


  • #23
    listermint
    Registered Users, Registered Users 2 Posts: 34,104 ✭✭✭✭listermint


    lassykk wrote: »
    Cash back on some credit cards

    KBC offer it on mine... Only pennies most months but could be worth a few quid if spending on it

    Hmm never considered that.

    Is there any that maximize or would be worth while.


    Have a BOI one but it's empty as usual.


  • #24
    yabadabado
    Registered Users, Registered Users 2 Posts: 16,554 ✭✭✭✭yabadabado


    Mr.S wrote: »
    My credit card makes me (a little bit of) money, that's the only reason for it :D

    How does it make you money ?some sort of cash back offer ?


  • #25
    randomspud
    Closed Accounts Posts: 124 ✭✭randomspud


    Got the mortgage cleared earlier this year and i have literally never borrowed money for anything else in my life.


    Being in debt is a mugs game.


  • #26
    Harry Palmr
    Closed Accounts Posts: 40,061 ✭✭✭✭Harry Palmr


    None fiscally, but plenty in life!


  • #27
    JohnCleary
    Registered Users, Registered Users 2 Posts: 10,209 ✭✭✭✭JohnCleary


    Beviaamo wrote: »
    It's amusing that you can't resist an opportunity to brag about the finances.

    80k is hardly anything to brag about


  • #28
    This is it
    Registered Users, Registered Users 2 Posts: 5,684 ✭✭✭This is it


    The question of debt was asked but once again Srameen managed to wedge his income in there as well. Nothing new :)


  • #29
    D3V!L
    Registered Users, Registered Users 2 Posts: 2,958 ✭✭✭D3V!L


    *checks forum*


    I have millions and millions and millions and millions. :pac:


  • #30
    Sugar Free
    Registered Users, Registered Users 2 Posts: 1,639 ✭✭✭Sugar Free


    This is it wrote: »
    The question of debt was asked but once again Srameen managed to wedge his income in there as well. Nothing new :)

    The OP specifically asked for incomes, what’s the problem?


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  • #31
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    120k here, so 80k is pennies.


  • #32
    Mad_maxx
    Registered Users, Registered Users 2 Posts: 13,503 ✭✭✭✭Mad_maxx


    Mr.S wrote: »
    2-3k on a credit card every month but that's cleared in full with each bill, apart form that - nada.

    Then you have zero debt, owning a credit card isn't debt if you are clearing each month


  • #33
    Mad_maxx
    Registered Users, Registered Users 2 Posts: 13,503 ✭✭✭✭Mad_maxx


    randomspud wrote: »
    Got the mortgage cleared earlier this year and i have literally never borrowed money for anything else in my life.


    Being in debt is a mugs game.

    Debt is a key component of building wealth


  • #34
    stefanovich
    Registered Users, Registered Users 2 Posts: 5,490 ✭✭✭stefanovich


    Deleted User wrote: »
    I never willingly enter into debt.

    Learning to use debt and spend other people's money is an art.


  • #35
    jaxxx
    Registered Users, Registered Users 2 Posts: 3,230 ✭✭✭jaxxx


    I owe about 3 fiddy.


  • #36
    tayto lover
    Registered Users, Registered Users 2 Posts: 52,222 ✭✭✭✭tayto lover


    Mortgage paid 10 years ago.
    Only about 5K left on the Credit Union loans for putting 6 kids through university to degree and masters level. No grants given for any of them either.

    Anything I have left is for me and Mrs Tayto now. A few holidays to make up for what we didn’t get when we were scrimping.
    Was never on the dole and never a day off work sick either.
    I intend to enjoy my last few years and see a bit of the world if my health holds up.
    The children can have the house when we’re gone. I’m spending the rest, not that it’s much.


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  • #37
    JohnCleary
    Registered Users, Registered Users 2 Posts: 10,209 ✭✭✭✭JohnCleary


    listermint wrote: »
    Why put 3k on a credit card and then clear it ?

    Intrigued

    Security. If there's any issues (ie. fraudulent transactions) it's the banks problem, as it's their money.


  • #38
    stefanovich
    Registered Users, Registered Users 2 Posts: 5,490 ✭✭✭stefanovich


    JohnCleary wrote: »
    Security. If there's any issues (ie. fraudulent transactions) it's the banks problem, as it's their money.

    Plus, you have access to funds between paychecks and don't need to touch savings. Good for credit rating.


  • #39
    BDI
    Closed Accounts Posts: 2,005 ✭✭✭BDI


    All my tax each year pays srameens wages. So disheartening.

    All he does is plant trees and he should have retired 14 years ago.


  • #40
    elperello
    Registered Users, Registered Users 2 Posts: 15,580 ✭✭✭✭elperello


    Deleted User wrote: »
    120k here, so 80k is pennies.

    I like your approach :)

    Some anonymous guy on the internet says his income is 80k and provokes outrage.


  • #41
    ytpe2r5bxkn0c1
    Closed Accounts Posts: 32,688 ✭✭✭✭ytpe2r5bxkn0c1


    joejoggs wrote: »
    How much in debt are you and your current income. Would be interesting to see. Not taking mortgages into account.
    This is it wrote: »
    The question of debt was asked but once again Srameen managed to wedge his income in there as well. Nothing new :)

    What bit of the question is beyond your comprehension?


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  • #42
    ytpe2r5bxkn0c1
    Closed Accounts Posts: 32,688 ✭✭✭✭ytpe2r5bxkn0c1


    BDI wrote: »
    All my tax each year pays srameens wages. So disheartening.

    All he does is plant trees and he should have retired 14 years ago.

    :D:D None of your taxes pays my wages. I retired over 21 years ago on my own private pension. I don't even draw the State pension or household package.


  • #43
    padd b1975
    Registered Users, Registered Users 2 Posts: 10,782 ✭✭✭✭padd b1975


    200 and 290 on a home improvement loan and car finance, both being serviced by rent a room income.

    Rental income surplus goes towards overpaying my mortgage.


    God bless you rent crisis.


  • #44
    The chan chan man
    Registered Users, Registered Users 2 Posts: 824 ✭✭✭The chan chan man


    €230,000 left on my mortgage
    €4,000 left on my wedding
    €10,000 left between my and my wife’s cars

    The heir to the overdraft as I call my son...


  • #45
    JohnnyFlash
    Registered Users Posts: 7,055 ✭✭✭JohnnyFlash


    1.3 million in mortgages on a few apartments. Nothing wrong with borrowing money if it’s being used to buy an asset that is increasing in value. Some people are far too cautious about debt, and invariably end up making really terrible financial decisions as a result.


  • #46
    Mad_maxx
    Registered Users, Registered Users 2 Posts: 13,503 ✭✭✭✭Mad_maxx


    JohnnyFlash wrote: »
    1.3 million in mortgages on a few apartments. Nothing wrong with borrowing money if it’s being used to buy an asset that is increasing in value. Some people are far too cautious about debt, and invariably end up making really terrible financial decisions as a result.

    Very true, sounds like you own more than just " a few" apartments?


  • #47
    elperello
    Registered Users, Registered Users 2 Posts: 15,580 ✭✭✭✭elperello


    Charles Dickens had it right long before our time.

    Mr Micawber's famous, and oft-quoted, recipe for happiness:

    "Annual income twenty pounds, annual expenditure nineteen [pounds] nineteen [shillings] and six [pence], result happiness. Annual income twenty pounds, annual expenditure twenty pounds nought and six, result misery."


  • #48
    Raconteuse
    Closed Accounts Posts: 2,817 ✭✭✭Raconteuse


    Just mortgage.


  • #49
    NSAman
    Registered Users, Registered Users 2 Posts: 3,441 ✭✭✭NSAman


    Apart from mortgages, cars (one paid off this month) not a cent.


  • #50
    Supercell
    Registered Users, Registered Users 2 Posts: 15,483 ✭✭✭✭Supercell


    No debts, 160k'ish left on my mortgage which I'm hoping to pay off by the time my eldest reaches college age. Pretty frugal overall, drive an 07 car with zero intention of selling it until it cannot be insured or it dies, whichever comes first. Put a little bit into stock portfolio every month. Not rich by any means but dont want the stress many high paying jobs bring either. Being in debt is a lifestyle choice I think for many.
    https://www.loughlinstown.ie/

    Have a weather station?, why not join the Ireland Weather Network - http://irelandweather.eu/



  • #51
    Greyfox
    Registered Users, Registered Users 2 Posts: 3,915 ✭✭✭Greyfox


    1k left on my card and 2k left on a loan. Getting into debt is so so easy but I've learnt the cost of paying it back, never again I hope as I've wasted so much money over the last 10 years.


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