Rate your Financial Health for 2010

iVillage Member
Registered: 10-01-2008
Rate your Financial Health for 2010
16
Mon, 12-28-2009 - 1:12pm

We have all had our ups and downs for 2009.

Norma


"Patience is the best remedy for every trouble"- Plautus


Pages

iVillage Member
Registered: 08-04-2008
Tue, 12-29-2009 - 1:49pm

I would say we are a 6 and moving up, last year started as a 5 and it was a 3 before that.
We paid off about $20k of debt and $3k of tax bills this past year. Our credit scores are up over 700 with an Equifax of 722. We have a plan to pay off over $30k in 2010, $20k on my end.
DD looks to be 100% funded for her first year of college based on savings I have and scholarships she has already received for merit only. She still have to apply for at least 20 other scholarships, so she has the potential for us to have 2 years paid for. It is our goal of 25-30 scholarship applications for each child so they can get as much as possible.
We are both really secure at our jobs, and my second job. And most importantly our entrepreneurial efforts look to be paying off as there is a firm willing to finance us, and three mentors who have offered to assist us, so that is taking off very strongly.
I think 2010 will be a good year for us in general.

-Marie




iVillage Member
Registered: 12-10-2009
Tue, 12-29-2009 - 2:05pm
I would give us a 4. Next year when we are on a budget, I think we will move up to a 5 especially if we can get more of our car loan paid off and 1000 E fund. I am hopefull for 2010 because we will not have to add any debt (fix up loans or car loans) and get to pay down those loans instead. My student loans will be done in Febuary and I will apply that money towards our car loan.

Liz

student loan paid off 2010

Bathroom remodel loan paid off 2013

Pending Car loan to be paid by the end of 2014!!!!!

 

iVillage Member
Registered: 10-01-2009
Tue, 12-29-2009 - 11:22pm

Gosh I find this post overwhelming....


Made me very sad....


I think my financial health is about a 4


I have huge consumer debt but I do own 70% of my house and have fairly good retirement plan happening....


I checked my credit score and its in the 780s (I dont get it with my huge consumer load) but I guess its because I have never been late or missed a payment


I am very grateful for this cuz it keeps all my rates low...1.9% - 11% for my credit cards and a mortgage rate of 1.25%


However I have to tell you folks I see my huge consumer debt and I feel soooo helpless at times and a slave to the cards...all my own fault tho


Anyways....so much for christmas cheer...


Duke

iVillage Member
Registered: 10-01-2008
Wed, 12-30-2009 - 9:00am

Duke,


LOOK at your ticker.....it went under that BIGGGGGG

Norma


"Patience is the best remedy for every trouble"- Plautus


iVillage Member
Registered: 03-19-2008
Wed, 12-30-2009 - 9:33am

If 10 is debt free and stable jobs with plenty of spending money. Then I would say I too am a 6. Steady job. My car has 150000 miles on it. Its a honda but still not sure how long it will run. I can pay off one student loan but will most likely generate more with 2 kids in school.

Laurie

anonymous
iVillage Member
Registered: 08-08-2005
Wed, 12-30-2009 - 5:58pm
Are negative numbers an option? (lol, only a little) I would probably rate us 2/3. We do have some real assets we own our home with some equity, plus we own two cars - both of which are pretty near the break even point. DH has a stable job with a decent income, I have a relatively stable job with minimal income but free child care (the kids are here with me - how great is that) Our mortgage is paid with a bi-weekly autodraft from our bank, so it is always a month ahead, all other household bills are lucky to be on (except the house phone - which isn't) Bill Priority order: mortgage, my car pmt, dh car payment, gas/elec/water&sewage, sm. personal loan, credit cards,

Angel

Wife to Wayne, Mommy to Tyler (15), Nickolas (3) and Noah (1)

Pages