| Debt
Posted: 6/17/2009 10:52:31 AM | I'm curious, how many people out there either are not in debt, or date someone who is not in debt? I don't need or want numbers or any other specifics, this is not meant to be an invasive question.
I ask this just because I was reflecting on the whole 'expensive dinner date' and other similar issues brought up by others. | |
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| Debt
Posted: 6/17/2009 11:43:14 AM | | I am not in debt. I dont even have a car payment. I have two tiny-balance store cards I keep open just to keep my credit rating, but I dont owe anyone any money. | |
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Posted: 6/17/2009 12:02:22 PM | Debt-free is the only way to be. Be invasive. That's how we learn from one another.
I will finance something if it is no interest, to keep a good credit rating.
I don't see the correlation between being debt-free or in debt, and how it relates to
buying expensive dinners. | |
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| Debt
Posted: 6/17/2009 12:30:54 PM | well...unless you are in a house that is completly paid off, have no car payment, have no credit cards, then you are not in debt....(which I find hard to beleive)
so in turn, I think 99% of the population is in debt.... | |
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Posted: 6/17/2009 2:04:48 PM | | I dont get the dinner date statement.there has to be dept or the world would stop turning. | |
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Posted: 6/17/2009 2:26:08 PM | | I'm not going to base my choice to date someone on their credit score. | |
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Posted: 6/17/2009 2:55:44 PM |
I don't see the correlation between being debt-free or in debt, and how it relates to buying expensive dinners.
I agree. Debt is not exclusive of wealth. I think what the OP is asking is: how many people have a positive net worth (assets minus debt). I once heard a statistic that the net worth of most North Americans is less than the net worth of most South Americans because we carry a higher debt to asset ratio. | |
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Posted: 6/17/2009 3:13:13 PM | I dont have a house payment either.
Remember no debt = no credit . So sometimes its better to at least have a little something you keep up. | |
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Posted: 6/17/2009 3:33:12 PM | | I think the debt refers to "bad" debt like credit card balances. I have a great credit rating which I protect but I have student loans and a car payment. I pay more than the amount due and have a schedule of when I'd like to have these completely paid off. I'd expect most adults to have some form of housing, student loan, or car payment. I don't see a problem with someone with these type of obligations treating themselves to a nice dinner from time to time. However, if someone was up to their eyeballs in consumer debt from shopping or completely overextended by buying a house/car there was no way they could ever afford, I'd be a bit concerned. | |
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Posted: 6/17/2009 3:46:07 PM | OK, I kind of see where the OP is going with this since I have been involved on another forum in a discussion on who pays for a date. The discussion has of course gotten heated on both sides with one set of people claiming that men should always pay for the date, and that dates shouldn't be just coffee either, they should be full on dinners. While the other side of the debate is saying that men are no longer responsible for that kind of attitude due to women now having equal rights, and their own jobs.
I believe the OP might be trying to get an idea of how many men and women out there are fairly equal when it comes to salaries vs debt, and if the salary/debt proportions may have something to do with the whole fiasco over who pays.
... but then again, I could be totally off base and just talking out the crack of my bottom! | |
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OKRob
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Joined: 6/4/2009
Msg: 11 | |
| Debt
Posted: 6/17/2009 4:06:30 PM | | I don't have any debts. Usually I would say the expense of a dinner date isn't just about the food on your plate. | |
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Posted: 6/17/2009 4:07:44 PM | I love these threads about debt. It will soon span 6 pages full of people tooting their own horns about not having debt, living within their means etc etc. I know I surely must be the only person on this website that carries debt. See the nice thing about divorce, is that there is suddenly twice the expenses, with half the money. My ex and I had a comfortable lifestyle, not rich but between us we brought home close to 6 figures clear. Everything was covered from the house to the vehicles, trips, bills etc.
Once we split, I bought another house for myself, so we each had our own households to run, with half the money. I have a mortgage, one vehicle payment, the other vehicle is paid for, 5 large in credit card debt, and that's about it. On the plus side, my house has increased over $100,000 in value from when I bought it in 05. I do have 2 nice vehicles, hot tub, nice house with a 2 car garage. Do I have debt? For sure I do. In 2012 after my truck and hot tub are paid for, it will free up $1,200 a month in payments that I can use to pay extra in it mortgage. I could also use it to save for trips etc. The system is designed so you aren't out of debt until you are ready to retire. Then the house is paid for, you've lived an enjoyable life and it's time to rest.
I have debt, it's managable and totally within my means, I also have assets. My financial picture is in order, and I hope yours is as well. Oh ya, if I was unable to pay for a nice dinner, THEN I would have problems. LOL
*toot toot*
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Posted: 6/17/2009 5:59:51 PM | | I am debt free, completely. Why is that hard to believe? | |
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Posted: 6/17/2009 6:15:55 PM | It's rare to find a person that isn't in debt. I'm in for a mortgage...and at some point I'll be under close to a quarter mil in education loans. So what?
Don't quite understand how this relates to expensive dinner dates and all that.
F. | |
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Posted: 6/18/2009 3:17:40 AM | Aside from a mortgage payment and truck payment, I'm not in debt. CC bill only consist of gasoline, for the 3% cash back, and an occasional purchase online, the bill is paid off in full monthly.
There's understandable debt and the not so understandable debt. House, car, school loans are understandable. A CC that has a balance of $30k on a couple of cards and working on a 3rd just isn't acceptable. Yes, I've seen a friend just like that and no reason to be in that situation either. | |
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Posted: 6/18/2009 3:51:42 AM | im am paying off some debt right now but i considered it necessary debt.
1) Jeep payment
2) 2 credit cards that i chopped up and paying off ( my mothers a widow and lives alone in an old house, it needed some serious repairs and if that meant i had to go into a bit of debt to do it, so be it. I take care of my family first, me second)
But if someone is deep in debt because they are buying frivolous items and nights out on the town on credit...i'll extend no sympathy to them | |
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Posted: 6/18/2009 5:21:14 AM |
I don't see the correlation between being debt-free or in debt, and how it relates to buying expensive dinners.
Of course not. I'm sure a lot of people don't. But the key word there is expensive, which has been brought up by other people in other threads. Focusing on the cost of something and aiming for the high end of said cost (hence the expensive part) is something that could very well cause other problems in the future. Expensive dinner, expensive car, expensive clothes, expensive home. Continue that list as you will. I was interested in seeing peoples responses to the question.
It's my understanding that finances are the leading cause for divorce, yet I see people refer to expensive things while claiming to be looking for someone. For those saying they have a home, a car, etc... that's expected and I probably should have clarified. My apologies for not doing so. | |
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Posted: 6/18/2009 6:03:16 AM | | I have no debt. I will probably go into debt for year 3 and 4 of college because I think it'll be worth it to finally overcome failing out of college...but other than that I'm pretty debt phobic. I read Dave Ramsey's "Financial Peace" when I was like...15 or something, and his advice is totally on. | |
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Posted: 6/18/2009 7:04:24 AM | I've seen Maserati's driving around DC with "JESUS SAVES!" bumper stickers on them. "Expensive" is a relative term, OP.
One man's junk/treasure and all that.
F. | |
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Posted: 6/18/2009 7:12:38 AM | I'm debt free , I rent ..so I don't have mortgage. I did own in the past but we sold it , and decided to rent. I don't drive ..never had the desire to , my hubby did that. I have store credit cards as well , that are kept just for credit purposes, but I never buy what I can't cover in cash ..and usually end up paying the cards off the same day or within the next 3 days.
I have no one calling saying I owe money , I pay my bills by phone even b4 they come in. | |
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Posted: 6/18/2009 9:20:09 AM | I have thought about selling my place, banking the equity, paying off my truck and being free and clear. I could rent a small place for cheap, and just bank the rest of my payheque. Then when the time was right I'd have a couple hundred grand to put down on a house, or to buy into someone elses equity. I would need a place to store my car,
and I really like my place.
Hmmmmmm decisions decisions. | |
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Posted: 6/18/2009 3:17:14 PM | Dinner dates do not have to be expensive. There are restaurants out there catering to every budget; so I don't think debt is to be blamed but rather an attitude of self-interest and self-righteousness that some hold or jaded from past experiences, or simply just a stingy person!
Majority of people have debt and that's normal – part of living life. Mortgage debt or other investments, student loans and such are manageable with steady employment; whereas credit card debts – that I would frown upon (interest rates on those are absurd). We go through life with ups and downs and that includes from a financial standpoint as well – real relationships are like this.
I would have a problem with a gambler and their gambling debt, otherwise I don't see why I should not date a person with debt if everything else is fine. | |
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Posted: 6/18/2009 6:18:17 PM | | I worked hard to get out of debt. I would not start a long term relationship with someone who has bad credit or no equity. It affects too many aspects of someone’s life and I’m not willing to share that burden. Been there, done that. | |
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| Debt
Posted: 6/19/2009 7:59:29 PM | Sounds like you have debt so you think someone whose not loaded down should pay,
but they still have bills if there not homeowners they have rent payments , in someways that is a debt too, theres just no balance due on rent. | |
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VF102
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Joined: 8/30/2008
Msg: 25 | |
| Debt
Posted: 6/19/2009 8:49:39 PM | No debt here other than a reasonable mortgage payment. Both cars are paid for and I keep both credit cards paid off. I also work 2 jobs which helps. But if Uncle Sam gives me that raise in January that he is promising and then again in March, the part time job is going bye-bye.
You have to be very careful in this bad econ that you don't attract gold diggers and meal hunters. BELIEVE ME! I KNOW!
Jason the Fed | |
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