How much debt do you have including mortgage etc..

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Replies

  • Motorsheen
    Motorsheen Posts: 20,354 Member
    What is your credit score?
    What is your credit score?

    Good enough for Olive Garden.

    @RunHardBeStrong



    ..... nothing else really matters, does it?

    .
  • rickiimarieee
    rickiimarieee Posts: 2,212 Member
    I’m also 23 years old. For those who are wondering. Yeah I have a lot of debt for my age because of the house but most of the people around me the same age, don’t have a serious job and still live with their parents so I’ll take my debt 🤷🏽‍♀️
  • rickiimarieee
    rickiimarieee Posts: 2,212 Member
    What is your credit score?

    Good enough for Olive Garden.

    Sounds like my type of lady!
  • sammidelvecchio
    sammidelvecchio Posts: 791 Member
    I am 31, live alone. I have:

    ~$5,000 left to pay on my car
    ~$7,000 in credit card debt

    I only use my credit card for travel. The rest of my monthly expenses come right out of my checking account.

    Per month:

    $150 - groceries
    $900 - rent, trash, water, sewage
    $40 - wifi
    $90 - gas and electric
    $60 - gas for car
    $210 - car payment

    I plan on buying a house in the next 6 months to a year, so I should enjoy my low debt while I can :D
  • rickiimarieee
    rickiimarieee Posts: 2,212 Member
    I am 31, live alone. I have:

    ~$5,000 left to pay on my car
    ~$7,000 in credit card debt

    I only use my credit card for travel. The rest of my monthly expenses come right out of my checking account.

    Per month:

    $150 - groceries
    $900 - rent, trash, water, sewage
    $40 - wifi
    $90 - gas and electric
    $60 - gas for car
    $210 - car payment

    I plan on buying a house in the next 6 months to a year, so I should enjoy my low debt while I can :D

    I wish my bills looked like this 🤣
  • Ketch_22
    Ketch_22 Posts: 12,388 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.

    Your doing great! thats not debt.. it's living expenses
  • BasedGawd412
    BasedGawd412 Posts: 346 Member
    caco_ethes wrote: »
    Rent $550
    Electric $35 a month
    Gas $30 a month
    Water $50 a month (my landlord gets the bill, I'm sure he is cheating me)
    2015 Kia forte that's totaled $415 a month, 3 years left
    2012 Kia Sorento $223 a month, 4 years left
    Gas for vehicle $200 to $300 a month
    Food $400 to $600 a month

    I live in Pittsburgh Pennsylvania which is cheap to live plus I travel for a living so I'm hardly home which is why my utilities are low.

    I did buy two houses before, first one was 37,500 and second was 39,000. Each 3 bedrooms 2 bath and werent even fixer uppers.

    Our water bill has a base fee of $27 and is $4/1000 gals after that. If yours is similar then $50 might not be unrealistic

    Unless you travel all month 😁

    When I previously owned my past homes, my waterbill was $40 to $50 a month with 4 people living there.

    One month I turned off my water at the source and when rent was due I asked my landlord how much for water, he said $60 lol.

  • Danw586
    Danw586 Posts: 234 Member
    I am 31, live alone. I have:

    ~$5,000 left to pay on my car
    ~$7,000 in credit card debt

    I only use my credit card for travel. The rest of my monthly expenses come right out of my checking account.

    Per month:

    $150 - groceries
    $900 - rent, trash, water, sewage
    $40 - wifi
    $90 - gas and electric
    $60 - gas for car
    $210 - car payment

    I plan on buying a house in the next 6 months to a year, so I should enjoy my low debt while I can :D


    How do you live on this? I'm moving out of Connecticut
  • rickiimarieee
    rickiimarieee Posts: 2,212 Member
    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!! 😀
  • rickiimarieee
    rickiimarieee Posts: 2,212 Member
    caco_ethes wrote: »
    Rent $550
    Electric $35 a month
    Gas $30 a month
    Water $50 a month (my landlord gets the bill, I'm sure he is cheating me)
    2015 Kia forte that's totaled $415 a month, 3 years left
    2012 Kia Sorento $223 a month, 4 years left
    Gas for vehicle $200 to $300 a month
    Food $400 to $600 a month

    I live in Pittsburgh Pennsylvania which is cheap to live plus I travel for a living so I'm hardly home which is why my utilities are low.

    I did buy two houses before, first one was 37,500 and second was 39,000. Each 3 bedrooms 2 bath and werent even fixer uppers.

    Our water bill has a base fee of $27 and is $4/1000 gals after that. If yours is similar then $50 might not be unrealistic

    Unless you travel all month 😁

    When I previously owned my past homes, my waterbill was $40 to $50 a month with 4 people living there.

    One month I turned off my water at the source and when rent was due I asked my landlord how much for water, he said $60 lol.

    Mines also around 50-60 and we have a family of 4 here as well!
  • rickiimarieee
    rickiimarieee Posts: 2,212 Member
    Danw586 wrote: »
    I am 31, live alone. I have:

    ~$5,000 left to pay on my car
    ~$7,000 in credit card debt

    I only use my credit card for travel. The rest of my monthly expenses come right out of my checking account.

    Per month:

    $150 - groceries
    $900 - rent, trash, water, sewage
    $40 - wifi
    $90 - gas and electric
    $60 - gas for car
    $210 - car payment

    I plan on buying a house in the next 6 months to a year, so I should enjoy my low debt while I can :D


    How do you live on this? I'm moving out of Connecticut

    My question too!
  • Ketch_22
    Ketch_22 Posts: 12,388 Member
    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!
  • nooshi713
    nooshi713 Posts: 4,842 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.
  • Phoenixsunflr
    Phoenixsunflr Posts: 78 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 😁❤️😂
  • AliNouveau
    AliNouveau Posts: 36,287 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
  • karsei01
    karsei01 Posts: 442 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.


  • sammidelvecchio
    sammidelvecchio Posts: 791 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.
  • Motorsheen
    Motorsheen Posts: 20,354 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 ????



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