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How much money do you need to be debt free?

I want to be debt free!

Answer Question
 
35yoamom

Asked by 35yoamom at 10:22 AM on May. 19, 2011 in Money & Work

Level 20 (10,016 Credits)
Answers (21)
  • We are debt free FINALLY!!!!
    Anonymous

    Answer by Anonymous at 10:22 AM on May. 19, 2011

  • Including our mortgage and our student loans ... about $150,000
    kaylan010

    Answer by kaylan010 at 10:23 AM on May. 19, 2011

  • 10K but, that includes our truck that will be paid off in Jan. We will hopefully be buying a house next year.
    matthewscandi

    Answer by matthewscandi at 10:24 AM on May. 19, 2011

  • AWESOME How did you do it Anon?
    35yoamom

    Comment by 35yoamom (original poster) at 10:24 AM on May. 19, 2011

  • Besides a mortgage, we only have $1500 before we are debt free, which will be in 2-3 months hopefully.
    maxsmom11807

    Answer by maxsmom11807 at 10:25 AM on May. 19, 2011

  • We should be debt free by Jan, hubby has a lot of stuff in collection because of his being young and dumb with his ex wife.
    matthewscandi

    Answer by matthewscandi at 10:25 AM on May. 19, 2011

  • Dave Ramsay is a genuis. We just used his methods. It worked for us.
    Anonymous

    Answer by Anonymous at 10:25 AM on May. 19, 2011

  • We would need about $50K, but as long as my MIL is alive we can never be debt free because we are constantly having to cover part of her mortgage or truck payment. )c:
    scout_mom

    Answer by scout_mom at 10:26 AM on May. 19, 2011

  • We would need around $60k to be debt free.
    gemgem

    Answer by gemgem at 10:26 AM on May. 19, 2011

  • roughly, a little over 10k. my df is getting a job making more money, and instead of spending more money on stuff we dont need we will just continue to live comfortably and use the rest to pay off debt
    SabrenaLeigh

    Answer by SabrenaLeigh at 10:26 AM on May. 19, 2011

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