FNK's Biggest Debtor???

[Tea]

Not A Penny

No Credit

No Problem

[MissMarz]

$ 17, 000 to student loan
$ 2,000 to moms
and $3000 on my visa..
not so much fun...

But hey, atleast i'm doing my RRSP'S lol

[Tea]

Originally Posted by mojo

not all of us.

Would you say you shop a lot or only when things are on sale?

generally, pretty frugal sign
but my sag dad is just cheap, and i can say that
cause i live with the guy.

Always is never the case tho, very true

[Tea]

Originally Posted by MissMarz

$ 17, 000 to student loan
$ 2,000 to moms
and $3000 on my visa..
not so much fun...

But hey, atleast i'm doing my RRSP'S lol

i would consider that a lot but maybe this is only because i am part-time working/full-time student.

[Greg C.]

$8000 on credit card
$10000 on line of credit (td)
$26000 on line of credit (cibc)
$170000 on Mortgage

Boo-ya! Oh no wait, that's not good!

Greg

[MissMarz]

Originally Posted by Greg C.

$8000 on credit card
$10000 on line of credit (td)
$26000 on line of credit (cibc)
$170000 on Mortgage

Boo-ya! Oh no wait, that's not good!

Greg

wow :S

but just a note to those debt free.
u are lucky for now, because you dont have any real expenses or have families that just crap money. But for the most of us, we will never be debt free. think about it, if its not student loans, then its car loans, if its not credit cards that pay for our getaways, shopping sprees and emergency "get out of jail" funds, then its mortgages, and divorce lawyers, and ofcoarse, how can i forget, even after we die, we pass on our funeral debt to our kin, with whatever else crap we managed to charge :)
ahhh the cycle never ceases to amaze me

[kiMMie]

Older you get, the more financial struggles one faces. It's a given. You pretty much have to start saving at a very young age in order to be debt free nowadays by the looks of how our economy is expanding.

That should be a course on its own in highschool. Screw Physics or Geology.

[Greg C.]

Originally Posted by MissMarz

wow :S

but just a note to those debt free.
u are lucky for now, because you dont have any real expenses or have families that just crap money. But for the most of us, we will never be debt free. think about it, if its not student loans, then its car loans, if its not credit cards that pay for our getaways, shopping sprees and emergency "get out of jail" funds, then its mortgages, and divorce lawyers, and ofcoarse, how can i forget, even after we die, we pass on our funeral debt to our kin, with whatever else crap we managed to charge :)
ahhh the cycle never ceases to amaze me

Magz

True dat, i'm not even counting my cars and equipment in there, although both are pretty major ongoing expenses. I've reached an understanding between me and debt: "don't keep me awake at night and I'll keep feeding you"! =)

Greg

[hardstylin]

Originally Posted by kiMMie

Older you get, the more financial struggles one faces. It's a given. You pretty much have to start saving at a very young age in order to be debt free nowadays by the looks of how our economy is expanding.

That should be a course on its own in highschool. Screw Physics or Geology.

or dont live in a city where everything costs twice as much and you make half the pay.

i owe 110k on my house

[Greg C.]

Ya

Equity's where it's at. I make pretty good money, pay my bills and have RRSP's so why not enjoy the finer things? (Although having 3 cars right now is just plain stupid)

Greg

[kiMMie]

Originally Posted by hardstylin

or dont live in a city where everything costs twice as much and you make half the pay.

i owe 110k on my house

I'm thinking of purchasing a house this year, but the market is crazy expensive, and I'm thinking of postponing it another year.

[Greg C.]

Cece

Just bite the bullet and get it. It doesn't get any easier and mine's gone up $80k in 2 yrs

Greg

[MissMarz]

moneeeeeeeeeeeeeeeeeeeeey

[bebu*funfun]

i have a GIANT student loan on my back that i need to take care of in a few months.. i really dont know how my budgeting will work out to pay that off..or even make accurate payments. moving back home looks certain.. :S thank god i have a controllable credit card.. i dont know how ppl can accumulate debt on the credit card and not worry about it. spend what you can afford!!!!

[kiMMie]

Originally Posted by Greg C.

Cece

Just bite the bullet and get it. It doesn't get any easier and mine's gone up $80k in 2 yrs

Greg

I know. There's a plus and minus in the market right now. If you have the funds to flip, it would be the best time. One would make a bloody fortune seeing how this "trend" is now a hot commodity.

[PwInCeSs]

No debts, we have been really good with saving and not charging anything on credit cards, mind you we have been approoved for a mortgage and are house shopping so it will all change.

[*SunShyne*]

$1000 between my visa and MC

<-- paid for her car in cash!
<-- did not have student loans!
<-- does not have a mortgage!

Originally Posted by kiMMie

Older you get, the more financial struggles one faces. It's a given. You pretty much have to start saving at a very young age in order to be debt free nowadays by the looks of how our economy is expanding.

That should be a course on its own in highschool. Screw Physics or Geology.

I 100% agree with this. Although, if anyone took an economics course, they would know.

I started saving about 4 years ago. I try and save at least $320 a month right now. It is a struggle at times, and everytime a tough month comes, I say I am lowering the amount. Then I wait one more payment, and it is easy. All of my money is wrapped up in investments and I am making a lot considering my savings.

Creditors are willing to extend more credit when you have a nest egg to fall back on. For those of you that don't currently have credit, it is wise to start saving rrsp's as when you finally go for credit, it looks fantastic.

If you are trying to get out of debt, these are two things I live religously by.

Debt Diet
I am trying to get myself out to buy a house.

The Latte Factor
I never ever buy a coffee, I make my lunch, and I give myself an allowance per week. I was spending upwards of $15K on crap per year.

[PwInCeSs]

yea we put as much is to RRSP's as possible, and have a savings account aswell, it has helped us that we could save my mat leave, its gotten us a good head start.

Originally Posted by *SunShyne*

$1000 between my visa and MC

<-- paid for her car in cash!
<-- did not have student loans!
<-- does not have a mortgage!

A mortgage isn't bad debt.

Renting in Burnaby is throwing away your money.

[hardstylin]

Originally Posted by Avana

A mortgage isn't bad debt.

Renting in Burnaby is throwing away your money.

ya no doubt!

[*SunShyne*]

Originally Posted by Avana

A mortgage isn't bad debt.

Renting in Burnaby is throwing away your money.

Gee golly gosh Avana, is there anything you're not a know-it-all about?
Have you ever maybe thought that I like where I live and my rent is reasonable for all that I see and get?

[matéo]

still throwing away money.

Originally Posted by *SunShyne*

Gee golly gosh Avana, is there anything you're not a know-it-all about?
Have you ever maybe thought that I like where I live and my rent is reasonable for all that I see and get?

It's hard to be humble when you are perfect. :317:

[thechix0r]

student loans: 8000
visa/mastercard: 300

savings and rrsps every month: 300

I am trying to get that loan down by as much as I can as soon as i can so I've been making payments on it upwards of 400 a month... I hate debt, but it's a hard fact of life and I am sure as soon as I get out of it, I'll be back whether it be a house or a car or something.