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Veteran
Posts: 197
 
Location: Where God has placed me | Hi guys! Just curious as to who is debt free. I am just needing some encouragement to stay the course. I want to hear your stories. |
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 Born not Made
Posts: 2931
 
Location: North Dakota | Haha, I'm still digging my hole deeper and deeper. 
Going to be purchasing land in a month and I am danged excited!
But someone, it will be so nice to be debt free!
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Extreme Veteran
Posts: 477
Location: Lost in the swamps | Lol! I'm 32,hubby is 34. All we owe on is our house(mobile home) that will be paid for in 3 years. Our vehicles are paid out, we have no credit cards balances,tore up store cards, ext (mainly because growing up my mother had spending issues and I never wanted to be like her)we do have a credit card for emergencies only, when car breaks ect. I'm a firm believer if we can't pay for it out right we can't buy it! Within the next 5 we are planning on purchasing our own property and building because we lease land. So we won't be debt free much longer. |
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 Expert
Posts: 2097
Location: Deep South | My hubby and I only owe on our mortgage, and we're both only in our early 20's so we're ok with that at this point in our lives. I entered the relationship debt free, it was a lonnnnnnnng road getting him there. But he finally did it and now lives a completely different lifestyle than he did before. He just was not taught sound financial principles or raised to live within his means.
Our vehicles are by no means the newest nicest models out there, but they're not junk either and they are paid for.
We have 6 months living expenses in the bank. We are able to take one big vacation a year, with a few small trips sprinkled throughout. When we really want something we are able to buy it. BUT, we budget, we meal plan, we rarely eat out, we watch our small $5-$10 purchases here and there very closely, because those add up when you're not paying attention.
It is so worth it once you get there! So many of my friends stress themselves to death over money. They either have plenty to blow or they're flat broke, and funny how life likes to kick you when you're down. The emergencies always seem to happen when you're flat broke. Having an emergency fund takes away all that stress, which to me is the ultimate goal of being debt free. You can't save much if you're constantly trying to pay something off. Keep up the good work! You'll be there before you know it!
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 You get what you give
Posts: 13030
 
Location: Texas | Oh I am so far from debt free....I have one credit card and a ton of student loans. |
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 Veteran
Posts: 234
Location: Oklahoma | I WISH!! With my Student Loans I don't think we will ever be debt free!!! |
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 Ima Cool Kid
Posts: 3496
Location: TN | I am except for one more year at 0% on a car. I work part time (2days) so i can ride and go to shows.
I missed out for years. I don't buy stuff unless its on my list. Avoid going to town but once a week. The less I spend the less I have to go to work 
Its worth it in the long run |
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 Money Eating Baggage Owner
Posts: 9586
Location: Phoenix | Not yet; trying to get there...fell off the bandwagon this month...didn't go into debt but spent some money I saved on stupid stuff. I am such a spender it's crazy. |
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 Am I really the Weirdo?
Posts: 11181
Location: Kansas | I was doing good at this until I decided to pursue teaching as a career and had to take classes to complete program entry requirements last spring. Now I'm in 6 hours of graduate courses (internship) this semester, 6 more of internship next semester and I have a handful of other classes to take by May 2017 to complete my alternate route teaching licensure program and be a fully licensed English teacher.
Thankfully, I got a credit card offer with 0% interest on purchases for 18 months about the time I enrolled in the first courses, so while I'm making payments on my tuition, I'm not also racking up interest charges. School is expensive! |
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| No one is ever debt free and never really own their property ...
You will be leasing your place from the county tax collector as long as you live and your fear of loss will make you continue to buy outrageous insurance on your house and barns .... and cars, trucks and equipment ... plus all kinds of license fees etc etc ..
Run up a total on all of your health to house insurance, car tags, property taxes etc etc etc ..... and you will fall over when you notice they take more of your money than it takes to provide for your entire family ... it is that ingrained fear of loss that makes everyone pay forever .... same as the crazy idea that you must break your neck to answer your phone ...
my friends are astounded when they hear my phone ringing in the truck and get a case of anxiety if I don't answer it or beg to go answer it for me ... lol
When you buy property ... pay attention to the property taxes .... they can eat you alive if you are still living there when you retire ... one county can be 2-3-4X than the county next door ... |
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Elite Veteran
Posts: 1131
| I'm only an 18 year old college freshmen, but I'm debt free and will be graduating debt free as well. No student loans for me. |
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 A Somebody to Everybody
Posts: 41354
Location: Under The Big Sky Of Texas | We are debt free and own our land and home, yep we pay taxes once a year on land but we are debt free and own all our trucks and tractors |
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 BHW Resident Surgeon
Posts: 25351
Location: Bastrop, Texas | So I guess owing nothing except taxes and insurance means we are never debt free, according to some experts. In other words, strictly speaking, there is no such thing as living debt free, according to them.
I guess that makes this thread moot. Right? |
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Extreme Veteran
Posts: 464
| I guess there is enough ananimity here to talk this way. Me and the wife achieved debt free status at 33. We're 44 now. It was the most freeing feeling in the world. From that day forward, I enjoyed work much much more. I felt like I was working, and actually achieving something. I have a nice brick home, and 260 acres of land. Both of us grew up (especially her) in a very deprived home. I really think one thing that helped us get there was totally refusing to borrow money for a vehicle. We drove an older car, and truck we could afford to pay cash for. Stayed 100% away from credit cards. Forwarded what should have been 2 vehicle payments to home/farm mortgage. For the last 11 years, we have lived on one paycheck, and saved the other. We have 3 kids, and thoroughly expect to retire at age 49 (both school teachers). |
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 Loves to compete
Posts: 5760
Location: Oakdale, CA | me........................... working on my property.............. |
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Loves to compete
Posts: 5760
Location: Oakdale, CA | rodeowithjoker - 2015-11-19 4:03 PM I was doing good at this until I decided to pursue teaching as a career and had to take classes to complete program entry requirements last spring. Now I'm in 6 hours of graduate courses (internship) this semester, 6 more of internship next semester and I have a handful of other classes to take by May 2017 to complete my alternate route teaching licensure program and be a fully licensed English teacher.
Thankfully, I got a credit card offer with 0% interest on purchases for 18 months about the time I enrolled in the first courses, so while I'm making payments on my tuition, I'm not also racking up interest charges. School is expensive!
I would consider that good debt! |
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 Mature beyond Years
Posts: 10780
Location: North of the 49th Parallel | NOT! Student loans, a pretty high CC bill right now thanks to wiping out my savings after major knee surgery, not being cleared to work until now and some major vet bills from this past summer I'm going to need a new to me horse trailer soon so that will be another bill but I'm putting that off until next summer so I can get these CC bills paid off and put more down. |
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 BHW's Lance Armstrong 
Posts: 11134
Location: Somewhere between S@%&# stirrer and Saint | I am. No debt. No CC. No house payment. No vehicle payment, zilch. When the economy went to crap back in 2006-2007 I decided to pay everything off and no credit on anything. I decided to use my mom and dad's philosophy if you can't pay for it don't buy it. |
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 I Prefer to Live in Fantasy Land
Posts: 64864
Location: In the Hills of Texas | bccanchaser16 - 2015-11-19 7:57 PM NOT! Student loans, a pretty high CC bill right now thanks to wiping out my savings after major knee surgery, not being cleared to work until now and some major vet bills from this past summer I'm going to need a new to me horse trailer soon so that will be another bill but I'm putting that off until next summer so I can get these CC bills paid off and put more down.
Did you have Canadian health insurance for your knee?
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BHW Resident Surgeon
Posts: 25351
Location: Bastrop, Texas | Nevertooold - 2015-11-19 8:17 PM
bccanchaser16 - 2015-11-19 7:57 PM NOT! Student loans, a pretty high CC bill right now thanks to wiping out my savings after major knee surgery, not being cleared to work until now and some major vet bills from this past summer I'm going to need a new to me horse trailer soon so that will be another bill but I'm putting that off until next summer so I can get these CC bills paid off and put more down.
Good question, actually, unless she had it done in the states. |
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