Zip Posted December 3, 2003 Share Posted December 3, 2003 society (western at least) has had a trend over the years to become more and more "showy" where everyone wants to look better than everyone else. I read some shocking stats over the weekend about the debt held by the UK, apparently the US is worse. i cant remember the exact stats but its obviously from more people borrowing for things like cars and to cover even more debt. personally i hate being in debt. i save up for everything i buy and im not a perticularly showy person, i only buy wheat i need. i spose im sensible, for example i dont really game on my pc and look at my spec. its sufficient. anyways i was wondering how much debt you currently have? ive just got my morgage (?60,000) with no car payments and a credit card which i pay in full as soon as the bill comes (i never spend more than i have thank god). Link to comment Share on other sites More sharing options...
S.MULLA Posted December 3, 2003 Share Posted December 3, 2003 yea very ture...i work at PC world..and i do Finance deals i.e. when families buy a PC package and big deals..as part of the process we have a survey, and one of the questions is do u have a loan/morgage etc... and i am amazed..soooo many people have loans and are in debt..i mean over 80% of the customers...its just kinda getting out of hand... :( Link to comment Share on other sites More sharing options...
Keldyn Posted December 3, 2003 Share Posted December 3, 2003 More power to you. I know a few people who over indulge, spending far more than they are capable of paying back. I don't even like using credit cards and I too save for any non-essential purchases rather than relying on credit. As you say, the trick is to spend no more than what you have. Link to comment Share on other sites More sharing options...
samg Posted December 3, 2003 Share Posted December 3, 2003 ?60,000 morgage ? where you live boy ? cant get anything around here for that. Link to comment Share on other sites More sharing options...
Sub Posted December 3, 2003 Share Posted December 3, 2003 I"m $10,000 in Debt. Car payment, Credit Cards... Not to bad concidering most people I know who are over $20,000 Link to comment Share on other sites More sharing options...
dissonation Posted December 3, 2003 Share Posted December 3, 2003 i avoid credid cards like the plague... tho im using my debit card, and im ?6k overdrawn... so i may as well have got a credit card... :argh:: Link to comment Share on other sites More sharing options...
CoLdFuSi0n Posted December 3, 2003 Share Posted December 3, 2003 none of your business :) Link to comment Share on other sites More sharing options...
realmccoy Posted December 3, 2003 Share Posted December 3, 2003 I own 6800.00 total for my car and that's my only perminate debt Link to comment Share on other sites More sharing options...
dpanda Posted December 3, 2003 Share Posted December 3, 2003 just got out of my debt. but im starving this month. last month im starving man. haha. debit cards appeal more to me. =) Link to comment Share on other sites More sharing options...
samg Posted December 3, 2003 Share Posted December 3, 2003 realmccoy, whos in your avatar ? i reconise that tart Link to comment Share on other sites More sharing options...
+chorpeac MVC Posted December 3, 2003 MVC Share Posted December 3, 2003 I am only in debt of school loans. I think I have about 12K more to pay off. I have credit cards, but only about $126 is on it. I use to be in debt about 7K on credit cards, but I turned my life around! Now I just need to work on these school loans... :( Link to comment Share on other sites More sharing options...
+Fahim S. MVC Posted December 3, 2003 MVC Share Posted December 3, 2003 I got myself into serious trouble with debts and hence had a great deal of pain and hardship paying them all back... it's done now.... I paid back a very large ammount of money in a very short ammount of time (yeah I had to cut back a lot).. but as a person its made me more sensible. In conclusion: DEBTS are BAD, CREDIT CARDS are BAD... all kind of borrowing of anything is BAD Link to comment Share on other sites More sharing options...
Zip Posted December 3, 2003 Author Share Posted December 3, 2003 ?60,000 morgage ? where you live boy ? cant get anything around here for that. the northwest - lancashire to be precise, a small house 5miles outta town. the north has cheaper houses and more jobs:DD move! only joking, its crap, however so is the south. Link to comment Share on other sites More sharing options...
samg Posted December 3, 2003 Share Posted December 3, 2003 aha. i live down south, would be lucky to get a 1 bedroom house/flat for under 130,000. might have to move and get a bigger place ! how big is that house ? Link to comment Share on other sites More sharing options...
altezza Veteran Posted December 3, 2003 Veteran Share Posted December 3, 2003 I got debt on credit card but I won't tell you how much coz this is really private...I think you shouldn't ask this question. Link to comment Share on other sites More sharing options...
SimplyPotatoes Posted December 3, 2003 Share Posted December 3, 2003 (edited) 4,332,590.86 in debt THIS IS JAP YEN Edited December 3, 2003 by SimplyPotatoes Link to comment Share on other sites More sharing options...
m0 Posted December 3, 2003 Share Posted December 3, 2003 I have ?0 debt:DD but I am 16:pp m0. Link to comment Share on other sites More sharing options...
ahfunaki Posted December 3, 2003 Share Posted December 3, 2003 I have $1100 on my credit card right now, but it's not my fault. My Dad bought my bro a new computer and I just got a new card with 0% apr for the first 6 months so we put it on my card. Also will help to build up my credit... I did buy a couple things with the card, but nothing I'm not going to pay back right away... Link to comment Share on other sites More sharing options...
samg Posted December 3, 2003 Share Posted December 3, 2003 4,332,590.86 in debt you been smoking something, all of your post recently have ben stupid/weird Link to comment Share on other sites More sharing options...
SimplyPotatoes Posted December 3, 2003 Share Posted December 3, 2003 you been smoking something, all of your post recently have ben stupid/weird oh its in japense yen sorry ill edit my post NO these painkillers are for my wrist maybe im taking too many? Link to comment Share on other sites More sharing options...
JohnsonBox Posted December 3, 2003 Share Posted December 3, 2003 (i never spend more than i have thank god). That is one of the best policies how to spend your money. :) Link to comment Share on other sites More sharing options...
Gary_Player Posted December 3, 2003 Share Posted December 3, 2003 I'm not really in debt to any bank but thats only because of my 2 financial benefactors who I AM extremely indebted to...of all the tens of thousands of dollars I've spent/have been spent on me in my life time (I drink ALOT of OJ) I've earned maybe $10,000 of that... By the time I get out of school that might be another story :s I still shudder at the thought of $40k a year grad school :s Link to comment Share on other sites More sharing options...
Osiris Posted December 3, 2003 Share Posted December 3, 2003 Altezza, so your one of the perpetriators whos over spending and increased consumption have lead to these higher interest rates!!! jj man. Debt is the natural order of things. Even governments have, and sometimes deliberately run debts. Debts drive the economies of the world, as we all lend, borrow, and buy from each other debt is justa natural process. Now unmanageable debt there is your problem. When people get into a debt servicing cycle, where they are paying off other debts eg credit card bills, with other credit cards!! thats generally a sign your screwed. But banks whilst important to the economy, are fundamentally partly responsible for the credit card debt problem, I mean offereing people with barely any significant income a credit card is plain looking to reposses their life. My mate got a $1000 c/c and the guy earns $30 a week, I mean come on!! But still managable debt is fine, as mentioned governments do it, international markets do it, your parents did it, and you will invariably do it too if you ever want to purchase a new car, or a house, or boat etc, those big ticket items you will borrow, or be perpetually savings for no reason, when you could easily purchase it now, and repay it. As someone mentioned having debt and a descent credit rating when your young is a good start, makes getting a home loan or car loan all the more easier later on down the track. Ah all im saying is dont fear debt, I mean people know what they are capable of repaying. And for example the media makes out in Australia at the momment, like we have an economic disaster on our hands because we have the highest level of debt any Australian generation has ever faced. Its not a problem as long as it gets repaid, and there is only a small amount of % ofpeople out there who do not repay debts. Granted though that percentage is rising. Link to comment Share on other sites More sharing options...
SimplyPotatoes Posted December 3, 2003 Share Posted December 3, 2003 That is one of the best policies how to spend your money. :) not really JB all those people who get a Computer at a big compan store for no payments no interest until january 1st 2005! that is spending more then you have..so why wouldnt you want it?! Link to comment Share on other sites More sharing options...
Zip Posted December 3, 2003 Author Share Posted December 3, 2003 Altezza, so your one of the perpetriators whos over spending and increased consumption have lead to these higher interest rates!!!jj man. Debt is the natural order of things. Even governments have, and sometimes deliberately run debts. Debts drive the economies of the world, as we all lend, borrow, and buy from each other debt is justa natural process. Now unmanageable debt there is your problem. When people get into a debt servicing cycle, where they are paying off other debts eg credit card bills, with other credit cards!! thats generally a sign your screwed. But banks whilst important to the economy, are fundamentally partly responsible for the credit card debt problem, I mean offereing people with barely any significant income a credit card is plain looking to reposses their life. My mate got a $1000 c/c and the guy earns $30 a week, I mean come on!! But still managable debt is fine, as mentioned governments do it, international markets do it, your parents did it, and you will invariably do it too if you ever want to purchase a new car, or a house, or boat etc, those big ticket items you will borrow, or be perpetually savings for no reason, when you could easily purchase it now, and repay it. As someone mentioned having debt and a descent credit rating when your young is a good start, makes getting a home loan or car loan all the more easier later on down the track. Ah all im saying is dont fear debt, I mean people know what they are capable of repaying. And for example the media makes out in Australia at the momment, like we have an economic disaster on our hands because we have the highest level of debt any Australian generation has ever faced. Its not a problem as long as it gets repaid, and there is only a small amount of % ofpeople out there who do not repay debts. Granted though that percentage is rising. yeah i think your right osiris but once debt reaches a certain amount things are going to become unstable. france and germany's governments are running a bigger debt than usual at the moment to save themselves from recession so sometimes it can be good. and altezza - im sorry, you dont have to answer if you dont want. Link to comment Share on other sites More sharing options...
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