Debt free.

Discussion in 'Off-Topic' started by MSP, Aug 5, 2012.

  1. MSP

    MSP Haunting a dead forum...

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    After 6 long years of concerted effort, as of this morning we are debt free. No credit card debt, no car payments, no same-as-cash stuff... A modest mortgage payment and our monthly bills are all that remain. :D
    Greatbam says thanks for this.
  2. Daveyiv2k1

    Daveyiv2k1 Moderator Staff Member

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    That's awesome man, I look forward to being debt free even though it will likely be another 4 years or so :(
  3. ninefivezero

    ninefivezero infinite resolution

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    Congratulations. I'm lucky enough to have never found myself in debt, but I can certainly imagine the sense of relief it must offer to feel that much more in control of your life.
  4. MSP

    MSP Haunting a dead forum...

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    Yeah, I always lived debt free as well. You guys probably remember that story, how my wife ran up $36k of bullshit debt?
  5. Commissar Smersh

    Commissar Smersh 2020 Staff Member

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    Ugh, this. :( x 1000
  6. mistawiskas

    mistawiskas kik n a and takin names

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    My heartfelt congratulations MSP!
    I can boast the same thing as of Thursday- last credit card paid the fuck off! Now all that remains is 3200 left owed on the car and a personal loan for 3800. 4 long years of scrapping for every dime and 80 grand in debt has been paid. Fuck you housing market/economy collapse! Fuck you in the ass running sideways!
    I have survived and come out the other side with a shit eatin' grin! ;)
  7. Lord Kain

    Lord Kain Keeper of the Timeline Staff Member

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    Way to go! More money can be allocated to projects now!!
  8. gB dAvId x

    gB dAvId x thats what she said

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    **cough** savings **cough**
  9. ThatHideousStrength

    ThatHideousStrength Junior Member

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    Being debt free is awesome. I have been debt free for about 2 years? now. I've been driving the same shit car since high school, it simply won't die. I paid off my college. Pretty much saving monies.
  10. tweakmonkey

    tweakmonkey Webmaster Staff Member

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    Congrats dude, I bet it's a nice feeling after being in debt so long.
  11. ninefivezero

    ninefivezero infinite resolution

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    Yep. So what have you done to make sure that can't happen again? (honestly curious, not being sarcastic)
  12. Chainblade

    Chainblade Junior Member

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    Ya it's great to be "debt free". I've considered myself debt free for a couple of years. My ex-wife also put me in about $50k in debt. The only debt I have is my mortgage. I do use credit cards but only for bills I would normally do anyways and I pay it off in full every month. I have no car payments and will never do that again. It's really a great feeling.
  13. MSP

    MSP Haunting a dead forum...

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    ^^^ Well, the main problem was communication. The wife hadn't been saving the money as we had agreed, and didn't want to incur my wrath by telling me. We went six years traveling on credit cards to spare her from an uncomfortable conversation. So yeah, she doesn't have a strong grasp of causality or consequence. Anyway, so now I don't trust her to communicate. I audit our finances regularly, run/print spending reports that hang on our fridge, oversight, oversight, oversight! She basically just pays the bills and I handle all the budgeting and forecasting. I'm the financial controller, and she's the accounting clerk. ;)
    Greatbam says thanks for this.
  14. Torx

    Torx Indigenous Nudist

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    congrats dude.

    im still battling debt issues. not trying to kill myself in the workplace, so i im just barely getting by pay check to pay check.
    trying not to get involved in illegal shit just to get pay...

    avoiding ppl, saving when i can, using my talents and skills for tax free side hustles, im slowly chipping away.
    im not a gambling man, so i feel like if i try a job change i might get fired or laid off and end up in a worse situation than i already am.

    just glad i dont have kids or a wife or exwife, i'd be really screwed.
  15. 86mcss

    86mcss Devouring your Soul

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    <---jealous!

    I was debt free for a couple of years but recently incurred a little debt. Nothing major but it should be paid off by the end of the year hopefully.

    Great job!
  16. MSP

    MSP Haunting a dead forum...

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    The stunning thing to me was how deeply in debt she had gotten us. $36,000 in bullshit credit card debt, plus I had just bought my Honda to the tune of $26,000. $62,000 total... :eek:
  17. ninefivezero

    ninefivezero infinite resolution

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    Damn chainblade, haven't seen you in ages.
  18. gB dAvId x

    gB dAvId x thats what she said

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    I do the bills thing on my credit card each month too cause i have them set on automatic reoccurring payments so i dont have to worry about them and just pay one bill a month instead of 5-7, also get air miles on them and 1-3% back on my costco card on gas, food, ect
  19. mistawiskas

    mistawiskas kik n a and takin names

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    I was about to comment on that too. Welcome back stranger!
  20. MSP

    MSP Haunting a dead forum...

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    Yeah, welcome back dude!
  21. MaesterB

    MaesterB King of the Wicker People

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    I'm still hoping to be relatively debt free by Christmas. I will still have my mortgage payment and car payment, but all credit cards will have been paid, and bills...pffttt..they're a daily part of life.

    Then the next focus will be the car payment and get rid of that (because it's the closer of big debts that I have) and then it will JUST be the mortgage.
  22. mistawiskas

    mistawiskas kik n a and takin names

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    way to go people!!!
    Put the hurt on the debt industry!
    stickin' it to the man!
  23. GiggidyGee

    GiggidyGee Nice bum, where ya from?

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    I've never been in debt mainly because I've never had a credit card!!!!! I'm not living pay cheque to pay cheque I put about 5-10% from each cheque in to savings, or try to at least! My bf says he's going to try to do the same...I don't quite get how hard it would be for him though considering he makes $25.50 an hour....usually working about 9-10hour days...he, too, doesn't have a credit card.....oh well hopefully he'll realize saving $$$ feels damn good!

    Just a question I don't really care to google (and it'll probably sound fuuucking sillystupid)....do you need a credit card to buy a house? Or do you just need credit...?
  24. MaesterB

    MaesterB King of the Wicker People

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    Regina, Sask, why'd you ask?
    Just need credit, but having a credit card can help you with that. As long as it is paid off all the time!
  25. mistawiskas

    mistawiskas kik n a and takin names

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    There are other ways to build credit too. Paying off student loans, car loans, bank loans, paying bills on time etc.
    It's best to not buy into the debt industry and just pay cash, but for some, it's not realistic and the banking industry
    wants you to believe it's imposible. I know quite a few millionairs that dissagree.