Hear about how much debt everyone in the US has all the time, curious about some of your stories!

My bad debt is 10k left on a school loan from a for profit school that is now out of business.

Only other debt is house.

So how are you all doing with debt management?

  • @RememberTheApollo_@lemmy.world
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    1 year ago

    A car loan for a completely unnecessary car.

    Can we afford it? Yes, with reasonable budgeting, no sacrifices needed.

    Will the car appreciate? Undeniably.

    Do we need a toy like this? Fuck no.

    Did it anyway. I’ve been poor for such a long time it’s really hard to justify any frivolous purchase at all, but we have good jobs now. I waffle between “This is stupid” and “I’ll never get to do this again, so why not now?” Literally YOLO.

    The rest of debt is “good”, like the mortgage building equity, a CC to keep credit rating good (paid off monthly).