Is this really bad ?
Find a Conversation
Is this really bad ?
| Tue, 02-28-2006 - 7:12pm |
Hi Me again thanks for all the advice. I have been adding up all my debt again. My total and this includes all cc debt, car loan and motorcycle loan. My house (mobile home is paid off)equals 25,410.92. Now I was feeling really bad about this then I got to thinking some people owe that just on 1 car. So I am hoping that it isn't really bad. Would love to have no debt but am working on that. I have saved all the money that I need for our summer camping. We own the camper and that is the one thing that we really love to do. So I have that in a seperate account so that all camping is paid in cash. The relaxing is so nice I can't give it up. Waited 18 years to be able to do this and worked hard to pay off camper loan. Please tell me it is not all bad. Thanks

{{{Over40}}} First I want to offer a hug. This stuff can be pretty tough on the self esteem sometimes.
2nd I want to encourage you to read my last post in your other thread because I forgot a MAJOR caveat to the suggestion I made about balance transfers.
3rd I want to assure you that to my way of thinking debt, no matter what size, is never really bad. We all do what we do to try and get by and the fact that you are working on it is good enough. I would never encourage you to give up your camping time. For one thing, you are paying for that with cash. Also, it is a really frugal option to get much needed R&R time and since the camper is paid for I see absolutely no harm in planning for and using it. I tell my parents allllll the time that their RV costs them a fair amount of money (insurance, storage, maintenance, plates, etc) whether or not they use it so they may as well spend the extra for the travel and gas and use it. If it means you take more time to pay debt, that's fine. I don't think anyone here is going to find fault with the choices we are all making to balance living today with getting out of debt.
You are in a good position with a roof paid for over your head and now all you can do is plug away at paying it off. Hang in there!
Peg
Nope! That's not too bad at all. My car, bought last year, was as much as your total debt amount. :-D Just keep plugging away at that debt, and little by little, it will all go away. :-D
Best of luck! :-D
Pat :-D
I don't think it is that bad...
I've seen people on this board with more debt than that pay off large amounts of it. And just for comparison, our debt is higher than yours, and we don't have a house.
In the debt adventure, it's not where you start or how long of a trip you take that counts. It's where you end! At zero, hopefully. ;)
All my best,
Danni
I'm right there with you on the camper!!! No way would I give ours up~ granted it's not the Taj Mahal, but our family gets together there every summer weekend and RELAXES!!!!! Some day we will upgrade it but it's fine for now. We do this instead of expensive vacations. We split the cost of the camper with dh's mom which was about $2000 each.
That's great you have your home paid off!!! $25K is not bad at all and you have no house payment!!! Just stay positive! Nicki :)
over 40 and tired
Ours is in a permanent campground all year round. (we cover it up in the winter) It's along the river about 25 minutes from our home. I think it's $2000 per year (DH's mom rents it.) I gladly take on the dishes and cleaning since DH is the official fire starter, boat launcher, and dreaded "crapper emptier" and you couldn't pay me to do that!!!
I work Friday nites and Sundays so I drive up on my own Fri nite and have to leave Sunday morning :( There's no pool or anything~ but the kids just swim in the river and go boating. Nightime around the fire is my favorite!! Smores, mountain pies.....yum....Plus we are not spending money going out anywhere!!!!
Nicki
Hello,
Two years ago, we had $108,000 mortgage and $30,000 in student loans, credit card debt, and car loans. Now, we have an $87,000 mortgage, $36,000 in credit cards, paid off car, and no student loans. My DH was laid off in September, and we were living on my 30K income. The mortgage payment ate half of my paycheck every month. The bills took the rest, with a snowball of $5 left over! I would work overtime to make some extra money for the snowball, and send any copay reimbursements from our flexible spending account to pay off debt.
My snowball for 2006 is $3000! It can be done, even with only a tiny snowflake to start! I changed my tax withholding to allow me to get more from my paycheck, turned off my 401K allocation (briefly until credit cards are paid off) and cut our budget down to the bare bones (without cancelling cell or internet service, required for my home business).
My DH was offered a job with a 50K income. Our debt will be paid off even faster, since we *know* we can pay for our expenses, etc. on a tight budget on my income alone, if we *have* to. =)
Sincerely,
Lindsey Schocke
Sincerely,
Lindsey Schocke
Geeks on Tap: Mission Accomplished
over 40 and tired
They are soo good! Mountain pies are made with 2 pieces of bread and filling. You just spray each inside of your mountain pie maker (these are found in the sporting section at Walmart or most other stores for about $10-$15) with Pam, put a piece of buttered bread faced down onto one side of the maker, put your ingredients on the bread place another piece of buttered bread on top (butter up) and shut the pie maker. Just hold it and every few minutes flip it in the fire checking it until the bread is toasted well but not burnt. And that's it! Here are some ingredients we use:
(my favorite)
pizza sauce
mozzerella cheese
pepperoni
any other pizza toppings
pie filling (cherry, apple, blueberry)
You could put so many things in them~ ham and cheese, turkey..whatever. It's very inexpensive and so easy. I can't wait to get to camp now!!!
Nicki ;)