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Forum
-> Household Management
-> Finances
Do you have non mortgage or car loan debt?
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| No BH we are comfortable |
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25% |
[ 51 ] |
| No, we are tight but BH pay all our bills each month |
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34% |
[ 71 ] |
| Yes, we carry a CC balance of under 20K |
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10% |
[ 21 ] |
| Yes, we carry a CC balance of over 20K |
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14% |
[ 29 ] |
| Yes, we are behind on tuition payments |
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2% |
[ 5 ] |
| Yes, we owe money to gemachim or private individuals |
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8% |
[ 17 ] |
| Yes, other |
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4% |
[ 10 ] |
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| Total Votes : 204 |
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amother
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 Yesterday at 5:27 pm
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I always wonder how people afford their lives and if the answer is more nissim or more debt (or both could be true too...) So let's do a poll! With brachos for parnassah b'revach for us all!
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amother
Daylily
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Yesterday at 5:29 pm
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We do have credit card debt but only because we lived on it when my husband was unemployed.
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amother
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Yesterday at 5:29 pm
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Kosher Money just did a survey on this topic; you should be able to find the results online.
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amother
Chambray
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Yesterday at 5:29 pm
You're missing some options. Student loans, combination...
We have a combination of student loans, credit card debt, and owe tuition. But we have a plan how to pay it all up.
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7
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amother
Yellow
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Yesterday at 5:30 pm
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We spend more than we make each month and supplement with dwindling savings. We do not have debt but I fear we will if my husband doesn’t get a better paying job soon.
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amother
Bergamot
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Yesterday at 5:43 pm
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I said yes to cc debt, but really it’s a heloc we took to pay off the credit card debt because the rate Is better
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amother
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Yesterday at 5:57 pm
| amother Chambray wrote: | You're missing some options. Student loans, combination...
We have a combination of student loans, credit card debt, and owe tuition. But we have a plan how to pay it all up. |
Right I think I would put student loans in the same category as a mortgage or car loan because that can be good or okay debt
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amother
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Yesterday at 5:57 pm
| amother Natural wrote: | | Kosher Money just did a survey on this topic; you should be able to find the results online. |
Cool you have a link to share?
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amother
Starflower
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Yesterday at 6:07 pm
We're in between the we are comfortable and tight category. We were bh comfortable till recently, but with inflation and the economy we are getting tighter and tighter each month. Less work and more expenses 
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amother
Mocha
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Yesterday at 6:54 pm
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I don't know how to respond to this poll. We never put more than 2k on cc. We pay all our ccs in full every month. My dh's company uses our personal ccs to make large purchases. They are pretty good about paying it on time and we get the cc points. At any given time they can have as much as 40k on my dh cc. For me it's a little nerve wracking because at the end of the day the debt is in dh name. Dh trusts his employer but you never know. We are doing well bh and can afford to cover the debt in case it does happen but hopefully we won't have to. I always remind dh not to lend people money he cannot afford to lose.
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amother
Khaki
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Yesterday at 7:53 pm
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Multiple unfortunately. (Over 20k cc debt, behind on tuition, plus some private loans)
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amother
Cobalt
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Yesterday at 7:58 pm
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No debt, but not tons of savings and we don’t have a house or pay tuition yet
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amother
Cinnamon
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Yesterday at 8:00 pm
| amother Khaki wrote: | | Multiple unfortunately. (Over 20k cc debt, behind on tuition, plus some private loans) |
Same
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Trademark
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Yesterday at 8:00 pm
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Do mortgages count as debt?
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amother
Rainbow
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Yesterday at 8:51 pm
I didn't know how to vote.
The answer is NO, but we're not comfortable (as a euphemism for rich, wealthy) and we're also not tight with paying our bills. We pay our bills each month with a bit leftover which goes into savings for big expenses such as simchos, camp, car repairs, etc. But we live frugally (hand-me-downs, check food prices, plain simchos, old car, no meat except chagim and even then not all meals, etc.) so I wouldn't call us comfortable.
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amother
Ghostwhite
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Yesterday at 8:55 pm
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I chose other. We have 30k in debt to family but we have more than that in stocks and could pay it off if we don't get the money in other ways. I hope to pay it off over the next few years as income goes up. It is debt from monthly expenses being higher than income.
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amother
Orange
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Yesterday at 9:01 pm
| amother Ghostwhite wrote: | | I chose other. We have 30k in debt to family but we have more than that in stocks and could pay it off if we don't get the money in other ways. I hope to pay it off over the next few years as income goes up. It is debt from monthly expenses being higher than income. |
Your family is doing a really nice mitzvah. Essentially all the money you are making on the stocks is being donated to you by your family members who lent you money interest free to then have you turn around and invest and make money off it.
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amother
Brunette
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Yesterday at 9:39 pm
I can select more than one option..
I selected debt to private and gemachim but we also hav cc debt of over 100k
While we have all this debt, people think we are comfortable and we were even denied coverage from fertility organizations
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