Thread: Avg US home has 16k in CC debt
12-15-2016, 07:11 AM
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#1
12-15-2016, 07:15 AM
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#2
12-15-2016, 07:16 AM
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#3
- Fatkidwholifts
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- Fatkidwholifts
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I'm self employed. business and personal cc debt combined are like $2k. Which is an average months use.
Feels good man.
Feels good man.
Once upon a time:
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12-15-2016, 07:19 AM
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#4
- nctarheels21
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- nctarheels21
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Fuking stupid. I don't know how people can rack up that much CC debt.
12-15-2016, 07:20 AM
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#5
- HMFIC_BROWSIN
- Buy high, sell higher.
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- HMFIC_BROWSIN
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Yikes.
I believe it.
The stories I hear about peoples debt makes me mind=blown.
no debt crew.
never paid interest in my life crew.
I believe it.
The stories I hear about peoples debt makes me mind=blown.
no debt crew.
never paid interest in my life crew.
12-15-2016, 07:21 AM
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#6
12-15-2016, 07:23 AM
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#7
- RhinoBody
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- RhinoBody
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There has got to be a better way to monetize these websites other than a million ads, banners and videos set to ********. Crashes my internet and makes me rage.
auto play is fuking censored if one word. Mind blown.
auto play is fuking censored if one word. Mind blown.
I don't neg.
12-15-2016, 07:24 AM
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#8
govt debt is $166k per taxpayer, or if you include medicare/medicaid/social security forward liabilities its $873khttp://usdebtclock.org/
12-15-2016, 07:33 AM
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#9
Originally Posted By John4789⏩
I'd be worried if I had more than a couple of grand.
Heck I'm irked cause I have a $200 CC debt but it's getting paid off next month. No worries.I'd be worried if I had more than a couple of grand.
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12-15-2016, 07:34 AM
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#10
12-15-2016, 07:36 AM
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#11
- solidus2k3
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- solidus2k3
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10k in credit cards but 0% interest crew
<HTC>
12-15-2016, 07:36 AM
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#12
- MalsorRifleman
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- MalsorRifleman
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I was there once, at 14k CC debt. Paid it off once got my job. Feelz good man, very easy to fall into a hole. Never again.
Plus side, avoided interest (except transfer fees, which were much smaller in comparison) because I had a total limit of 50k on all CCs. Kept tossing the balances around every year or so with no interest balance transfers.
Plus side, avoided interest (except transfer fees, which were much smaller in comparison) because I had a total limit of 50k on all CCs. Kept tossing the balances around every year or so with no interest balance transfers.
12-15-2016, 08:08 AM
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#13
- backinbusiness
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- backinbusiness
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Gotta love the 18 year old kids coming in here wondering how irresponsible you have to be.
Most of the time it's not from material purchases, but from a lack of emergency funds and then extraordinary expenses.
When you all grow up and have an unexpected $5k AC unit go out combined with needing a car repair etc...
When you have no obligations to speak of it's hard to see outside your own world. Not making excuses I'm just saying it's mostly not what you think it is.
And also I was that 18yr kid saying htf do you do that. As you get old expenses are a lot higher than you expect unless your fine living in your parents basement with no assets your whole life.
I was there once before I sold my first house and paid it all off. Stuff creeps up on you and life happens once large expenses happen especially if you lose your job and eat all your reserves up.
Most of the time it's not from material purchases, but from a lack of emergency funds and then extraordinary expenses.
When you all grow up and have an unexpected $5k AC unit go out combined with needing a car repair etc...
When you have no obligations to speak of it's hard to see outside your own world. Not making excuses I'm just saying it's mostly not what you think it is.
And also I was that 18yr kid saying htf do you do that. As you get old expenses are a lot higher than you expect unless your fine living in your parents basement with no assets your whole life.
I was there once before I sold my first house and paid it all off. Stuff creeps up on you and life happens once large expenses happen especially if you lose your job and eat all your reserves up.
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12-15-2016, 08:51 AM
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#14
- Tornach
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- Tornach
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Originally Posted By backinbusiness⏩
Off topic......
What is the cost of living like in Arizona?
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12-15-2016, 08:55 AM
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#15
Originally Posted By RhinoBody⏩
AdBlock, not even once.There has got to be a better way to monetize these websites other than a million ads, banners and videos set to ********. Crashes my internet and makes me rage.
auto play is fuking censored if one word. Mind blown.
auto play is fuking censored if one word. Mind blown.
12-15-2016, 10:10 AM
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#16
- Fatkidwholifts
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- Fatkidwholifts
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Originally Posted By backinbusiness⏩
While running up cc debt on stupid stuff like tvs and clubbing is indeed irresponsible, it could be argued that not having funds set aside for unexpected "emergency" expenses is equally irresponsible.Gotta love the 18 year old kids coming in here wondering how irresponsible you have to be.
Most of the time it's not from material purchases, but from a lack of emergency funds and then extraordinary expenses.
When you all grow up and have an unexpected $5k AC unit go out combined with needing a car repair etc...
.
Most of the time it's not from material purchases, but from a lack of emergency funds and then extraordinary expenses.
When you all grow up and have an unexpected $5k AC unit go out combined with needing a car repair etc...
.
Once upon a time:
405
315
455
Currently Washed up.
12-15-2016, 10:13 AM
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#17
12-15-2016, 10:16 AM
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#18
- MrDeafMuscle
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- MrDeafMuscle
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Originally Posted By ImUTI⏩
You can thank rich people for maxing out their ten black cards then going broke in 2 years causing us all to look bad.
12-15-2016, 10:18 AM
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#19
- redliner9
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- redliner9
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Originally Posted By backinbusiness⏩
X2Gotta love the 18 year old kids coming in here wondering how irresponsible you have to be.
Most of the time it's not from material purchases, but from a lack of emergency funds and then extraordinary expenses.
When you all grow up and have an unexpected $5k AC unit go out combined with needing a car repair etc...
When you have no obligations to speak of it's hard to see outside your own world. Not making excuses I'm just saying it's mostly not what you think it is.
And also I was that 18yr kid saying htf do you do that. As you get old expenses are a lot higher than you expect unless your fine living in your parents basement with no assets your whole life.
I was there once before I sold my first house and paid it all off. Stuff creeps up on you and life happens once large expenses happen especially if you lose your job and eat all your reserves up.
Most of the time it's not from material purchases, but from a lack of emergency funds and then extraordinary expenses.
When you all grow up and have an unexpected $5k AC unit go out combined with needing a car repair etc...
When you have no obligations to speak of it's hard to see outside your own world. Not making excuses I'm just saying it's mostly not what you think it is.
And also I was that 18yr kid saying htf do you do that. As you get old expenses are a lot higher than you expect unless your fine living in your parents basement with no assets your whole life.
I was there once before I sold my first house and paid it all off. Stuff creeps up on you and life happens once large expenses happen especially if you lose your job and eat all your reserves up.
I swear stuff seems to break down all at once.
My rule is if theres something i WANT and its more than 30% of what i have in the bank, I dont buy it until I save up some more.
12-15-2016, 10:19 AM
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#20
12-15-2016, 10:55 AM
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#21
- hughgainz
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- hughgainz
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Originally Posted By backinbusiness⏩
You sound like a debt apologist. Learn to live within your means... of course if you lose your job you might be tight for a while... but not enough people lose their job to have almost a trillion dollars of CC debt...Gotta love the 18 year old kids coming in here wondering how irresponsible you have to be.
Most of the time it's not from material purchases, but from a lack of emergency funds and then extraordinary expenses.
When you all grow up and have an unexpected $5k AC unit go out combined with needing a car repair etc...
When you have no obligations to speak of it's hard to see outside your own world. Not making excuses I'm just saying it's mostly not what you think it is.
And also I was that 18yr kid saying htf do you do that. As you get old expenses are a lot higher than you expect unless your fine living in your parents basement with no assets your whole life.
I was there once before I sold my first house and paid it all off. Stuff creeps up on you and life happens once large expenses happen especially if you lose your job and eat all your reserves up.
Most of the time it's not from material purchases, but from a lack of emergency funds and then extraordinary expenses.
When you all grow up and have an unexpected $5k AC unit go out combined with needing a car repair etc...
When you have no obligations to speak of it's hard to see outside your own world. Not making excuses I'm just saying it's mostly not what you think it is.
And also I was that 18yr kid saying htf do you do that. As you get old expenses are a lot higher than you expect unless your fine living in your parents basement with no assets your whole life.
I was there once before I sold my first house and paid it all off. Stuff creeps up on you and life happens once large expenses happen especially if you lose your job and eat all your reserves up.
12-15-2016, 10:57 AM
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#22
- AZliftbrah
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No debt except mortgage crew
Emergency fund crew
Net worth crew
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12-15-2016, 10:58 AM
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#23
- badlasagna
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- badlasagna
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lmao if you have no clue on how to leverage debt
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12-15-2016, 11:00 AM
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#24
- Antonio519
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- Antonio519
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I have 9k right now on one of my cards but it's 0% interest until June, can easily pay it off right now but I'll have it done by june
I just use it for everything for rewards points, huehuehuehe
I just use it for everything for rewards points, huehuehuehe
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12-15-2016, 11:10 AM
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#25
- pWally
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Credit cards paid in full every month crew
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12-15-2016, 11:15 AM
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#26
- cadetduke
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- cadetduke
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Originally Posted By hughgainz⏩
You're a fcking maroon.You sound like a debt apologist. Learn to live within your means...
Says to live within means....
So my HVAC takes a chit, I should have 10-15K saved up.
Car needs routine maintenance, I should have 4-500 saved up.
Kids needs this, kid needs that, I should have...how much saved up?
Water pipe bursts, how much do I need to fix that chit?
How much is supposed to be saved up before one can live within means?
12-15-2016, 11:17 AM
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#27
- residesinAZ
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- residesinAZ
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TFW finally average. Feels good man.
12-15-2016, 11:24 AM
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#28
- kingmode
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ppl to quick to buy chit.
always on the lookout for luxury items and when they get a bit of wealth the immediately spend it.
always on the lookout for luxury items and when they get a bit of wealth the immediately spend it.
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12-15-2016, 11:26 AM
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#29
- faxanadu
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- faxanadu
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Credit cards are the biggest scam ever. Every time i hear someone say, "I get 1.5% cash back on my purchases" i just shake my head. Do people like that honestly think it offsets the higher prices they're paying because of credit cards?
brb
- They make money off the purchases
- They make money on interest
- They make money on late fees
- They make money off of selling your debt
- Your debt is insured so even if you default they make money
- You lose purchasing power because of inflation
- Some big banks like HSBC do outright fraud on their customers and get a slap on the wrist
People complain about the corrupt banking industry all the time and yet buy right into it with every trap they throw.
brb
- They make money off the purchases
- They make money on interest
- They make money on late fees
- They make money off of selling your debt
- Your debt is insured so even if you default they make money
- You lose purchasing power because of inflation
- Some big banks like HSBC do outright fraud on their customers and get a slap on the wrist
People complain about the corrupt banking industry all the time and yet buy right into it with every trap they throw.
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12-15-2016, 11:29 AM
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#30
- Fatkidwholifts
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Originally Posted By cadetduke⏩
I think the number is 6 months worth of living expenses in cash.You're a fcking maroon.
Says to live within means....
So my HVAC takes a chit, I should have 10-15K saved up.
Car needs routine maintenance, I should have 4-500 saved up.
Kids needs this, kid needs that, I should have...how much saved up?
Water pipe bursts, how much do I need to fix that chit?
How much is supposed to be saved up before one can live within means?
Says to live within means....
So my HVAC takes a chit, I should have 10-15K saved up.
Car needs routine maintenance, I should have 4-500 saved up.
Kids needs this, kid needs that, I should have...how much saved up?
Water pipe bursts, how much do I need to fix that chit?
How much is supposed to be saved up before one can live within means?
And all the things you mentioned aren't really unexpected. Everything you own requires maintenance. You should have all those costs figured out, and budget accordingly.
Example: your car repair bill averages $2400 per year, or $200 per month. Foresee the breakdown/maintenance and have he money ready before it happens. Then no debt.
Once upon a time:
405
315
455
Currently Washed up.
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