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How much debt do you have including mortgage etc..

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  • nooshi713nooshi713 Posts: 3,680Member Member Posts: 3,680Member Member
    I live in Cali and am hesitant to post answers.

    Let me just say that cost of living here is sky high, but thankfully wages are also high. I feel I would do better moving to a state with no state income tax.
  • PhoenixsunflrPhoenixsunflr Posts: 78Member Member Posts: 78Member Member
    And what’s your monthly spending on bills food and other essentials?

    If i answer this. Will i start getting spam phone calls?

    No spam phone calls I’ll just love you more 😁❤️😂
  • AliNouveauAliNouveau Posts: 34,373Member Member Posts: 34,373Member Member
    Just bought a new house so around 170k of debt. Paid some of my home with cash but had to get a mortgage for the rest!
    My monthly spending varies.
    Usually about 100 in gas
    500-600 in groceries
    200 for electric
    300 for tv and internet
    100-200 for water and sewage
    40 every 3 months for trash.
    About 200 in formula for my LO.
    50-200 in diapers
    And about 100-200 in prescription medication.
    Mortgage is 1300 a month.

    Wish I lived where do that a new house incurred that much debt. I need to move
  • karsei01karsei01 Posts: 438Member Member Posts: 438Member Member
    40 yo
    Norway

    Income 90k
    (Taxes 25k)
    Mortage: 150k
    Car:19k
    Motorcycle 15k

    Cars and taxes are extremely expensive here. Also, I had to give my ex 50k a couple of years ago.
    No cards or student loans.


  • sammidelvecchiosammidelvecchio Posts: 662Member Member Posts: 662Member Member
    @Danw586 I live in a 1 bedroom apartment in a nice suburb of Cincinnati (about 15-20 minutes north of downtown). My apartment is about 1000 square feet, nice but nothing extravagant. I put a big down payment on my car, so that kept my monthly payment low. I hardly ever eat out, maybe once a week, but I mostly cook my own food. I buy a lot of frozen stuff and eggs, splurge on fresh fruit! I don't have cable. I keep my heat low in the winter, probably around 63-65 degrees, and use my fireplace a lot. I lived for 29 years without central AC, so now that I have it I honestly don't use it a lot so that keeps my electric bill low. I fill up my gas tank about every 2 weeks, and a full tank is $30 depending on the current price of gas.
  • MotorsheenMotorsheen Posts: 15,280Member Member Posts: 15,280Member Member
    karsei01 wrote: »
    40 yo
    Norway

    Income 90k
    (Taxes 25k)
    Mortage: 150k
    Car:19k
    Motorcycle 15k

    Cars and taxes are extremely expensive here. Also, I had to give my ex 50k a couple of years ago.
    No cards or student loans.


    25K in taxes on a 90K income ????



    img_rental_26cargovan.jpg
  • TeenybuddaTeenybudda Posts: 206Member Member Posts: 206Member Member
    About £4000 left to pay on my car.
    That's it.
    (But then I rent so no mortgage)
  • JeromeBarry1JeromeBarry1 Posts: 10,139Member Member Posts: 10,139Member Member
    My mortgage payment is lower than most new car payments.
    I never had student debt and don't have car payments.

    I get airline miles on a credit card that I use for household spending. I pay that card in full each month.

    I use the miles to pay for hotels when we go play.

    I got pushed into early retirement last year. I use my IRA to make my living with buying and selling stock options each week. It's working pretty well.

    I figure if too many people learn how easy it is to make a decent income with their saved cash, there will soon be no-one left to work for the man.
  • deputy_randolphdeputy_randolph Posts: 833Member Member Posts: 833Member Member
    Only 2 sources of debt: #1 is mortgage ($200k+ left...after 14 years and sizeable down payment); we live about an hour outside of DC. COL is pretty high. I think $12kish on the one car loan (0% interest loan, so no rush to pay that off ahead of schedule). Generally, I pay credit cards in full monthly. I only use those for gas and major purchases.

    I don't know exact monthly expediture; my goal is $1500 in savings per month (sometimes I hit the target...sometimes more, sometimes less).

    I'm trying to get a head start on kids' college $. My husband and I (both have BS and Masters) had zero student loans...I'd like to make that happen for my kids.
  • MotorsheenMotorsheen Posts: 15,280Member Member Posts: 15,280Member Member
    Budget Buster !!

    og-share-image-2.jpeg
  • mattig89chmattig89ch Posts: 1,922Member Member Posts: 1,922Member Member
    nooshi713 wrote: »
    I feel I would do better moving to a state with no state income tax.

    Same here.

    I'm turning in applications, but I've not heard anything back yet.
    edited August 7
  • Danw586Danw586 Posts: 93Member Member Posts: 93Member Member
    @Danw586 I live in a 1 bedroom apartment in a nice suburb of Cincinnati (about 15-20 minutes north of downtown). My apartment is about 1000 square feet, nice but nothing extravagant. I put a big down payment on my car, so that kept my monthly payment low. I hardly ever eat out, maybe once a week, but I mostly cook my own food. I buy a lot of frozen stuff and eggs, splurge on fresh fruit! I don't have cable. I keep my heat low in the winter, probably around 63-65 degrees, and use my fireplace a lot. I lived for 29 years without central AC, so now that I have it I honestly don't use it a lot so that keeps my electric bill low. I fill up my gas tank about every 2 weeks, and a full tank is $30 depending on the current price of gas.

    Impressive!
  • rickiimarieeerickiimarieee Posts: 2,222Member Member Posts: 2,222Member Member
    AliNouveau wrote: »
    Just bought a new house so around 170k of debt. Paid some of my home with cash but had to get a mortgage for the rest!
    My monthly spending varies.
    Usually about 100 in gas
    500-600 in groceries
    200 for electric
    300 for tv and internet
    100-200 for water and sewage
    40 every 3 months for trash.
    About 200 in formula for my LO.
    50-200 in diapers
    And about 100-200 in prescription medication.
    Mortgage is 1300 a month.

    Wish I lived where do that a new house incurred that much debt. I need to move

    Whatcha mean? I’m not quite understanding the way this sentence was worded
  • rickiimarieeerickiimarieee Posts: 2,222Member Member Posts: 2,222Member Member
    Ketch_22 wrote: »
    Ketch_22 wrote: »
    Just bought a new house so around 170k of debt. Paid some of my home with cash but had to get a mortgage for the rest!
    My monthly spending varies.
    Usually about 100 in gas
    500-600 in groceries
    200 for electric
    300 for tv and internet
    100-200 for water and sewage
    40 every 3 months for trash.
    About 200 in formula for my LO.
    50-200 in diapers
    And about 100-200 in prescription medication.
    Mortgage is 1300 a month.

    Your doing great! thats not debt.. it's living expenses

    Well my mortgage is debt lol but yes the rest is monthly living expenses! Thanks!! 😀

    Mortgage is considered "good" debt because you can liquidate and pay off at any time; it appreciates; you get tax breaks; and you can utilize the equity in the home for other uses. Good job at such a young age buying!

    Thank you! I figured I should atleast have it paid off before retirement!
  • Vikka_VVikka_V Posts: 8,182Member Member Posts: 8,182Member Member
    AliNouveau wrote: »
    Just bought a new house so around 170k of debt. Paid some of my home with cash but had to get a mortgage for the rest!
    My monthly spending varies.
    Usually about 100 in gas
    500-600 in groceries
    200 for electric
    300 for tv and internet
    100-200 for water and sewage
    40 every 3 months for trash.
    About 200 in formula for my LO.
    50-200 in diapers
    And about 100-200 in prescription medication.
    Mortgage is 1300 a month.

    Wish I lived where do that a new house incurred that much debt. I need to move

    Yes, its scary and crazy overwhelming to me the housing costs in our general area. I rent and live in fear of the skyrocketing prices here, and the idea that my landlords may jack the price because the demand and affluence is so high.

    If you own a property in our general area, its a gold mine.
  • corinasue1143corinasue1143 Posts: 2,593Member Member Posts: 2,593Member Member
    mattig89ch wrote: »
    nooshi713 wrote: »
    I feel I would do better moving to a state with no state income tax.

    Same here.

    I'm turning in applications, but I've not heard anything back yet.

    I know you said something about Texas. No state income tax, but property taxes are about double Oklahoma’s.
    Also, if you live anywhere near the gulf, home insurance is high.
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