How Much Debt Do You Have?

I am going to start to post some very small articles on Saturdays. They are going to consist of polls, small snippets that make you think or quick updates. I am also going to include a roundup in the post each week. So, make sure you check in on the weekends to read up on some articles that I found interesting over the past week!

Anyway, I thought today would be a good time to assess the status of everyones debt. I have always been interested to see how much debt you all have.

Please be assured that I am not collecting ANY personal information with this poll. It’s just that, a poll. Once you are finished, make sure you check out the great blogs that are listed below! If you are reading this and cannot see the poll, click here to come to the site.

How much debt do you currently have (not including mortgage)?
$1 – $5,000
$5,001 – $10,000
$10,001 – $30,000
$30,001 – $50,000
$50,001 – $100,000
Over $100,000

Great Posts

Is Being Rich Important For Living The Ideal Life? This is a great post on how being rich shouldn’t be your main goal in life. There are other “life currencies” that you should be striving for. (@scott h young)

Worth More Than Money: Taking a Detour On The Road to Riches. Sierra (a writer at Get Rich Slowly) recently got out of credit card debt. However, before she paid the last bill, she spent over $5,000 to take a trip to visit family in Argentina. I’ve kind of talked about this before. Sometimes you may need to take a break and do something exciting. If my wife and I just sat her for 10 years while getting out of debt, we would go crazy. (@get rich slowly)

Are You Spending Intentionally? This was my favorite quote from the post: “Living a frugal lifestyle is about using money intentionally. It is not about using the least amount of money to fund your lifestyle, rather it is about maximizing the money we do have by making its spending a reflection of our values.” (@frugal dad)

How to Simplify When You Love Your Stuff. My wife and I have always loved “stuff”. We are trying to get rid of as much stuff as possible but it’s just so hard! (@zen habits)


Have a great weekend!


My name is Adam and I am in debt. Yep, I came out and said it in the first sentence. I hope that shows you how passionate I am about getting out of debt and enjoying life in the process. Join my wife and me on our journey and be sure to contribute to the great discussions. You can get FREE email updates about the site as soon as they are posted. If you would like to hear our whole story, visit my about page. Thanks for visiting!

11 Responses to How Much Debt Do You Have?
  1. Caro
    July 10, 2010 | 7:28 PM

    I have two mortgages, one for the house and one for a rental property. I didn’t include the second mortgage, under the theory that in both cases, I owe less than the house is worth, so I don’t feel underwater in them.

    Otherwise, I only have student loan debt left. Yay!

  2. Budgeting in the Fun Stuff
    July 15, 2010 | 12:12 PM

    Did you want us to include our mortgages? I voted already ($50,001 – $100,000) but thought about that afterwards…without the $70,000 mortgage, we only have a $3300 car loan that we’re paying off this month. Woot!

    • Adam
      July 15, 2010 | 3:33 PM

      It’s fine. This isn’t some sort of scientific poll or anything. I just wanted to gauge the debt levels without mortgages.

      Actually, I am very surprised to see that many of the readers are debt free! I guess they just like watching me suffer. 😉

      • Budgeting in the Fun Stuff
        July 20, 2010 | 4:35 PM

        The car’s paid off! Woot! Only the mortgage to go! The car was actually $4600 and the mortgage is about $71,000, but we’re on track for debt freedom by 2017. 🙂

  3. Caro
    July 15, 2010 | 4:07 PM

    Nah, we all like to watch you succeed!

  4. Denise
    August 26, 2010 | 5:45 PM

    $40,000. Thanks student loans!

  5. Cole Stan
    November 4, 2010 | 2:45 AM

    Currently, I’m free from any debt. I’m thankful that I was able to discipline myself in spending too much for unnecessary stuffs. Or if it’s an important thing that I need to buy, I usually pay it in cash. I’d rather not to eat than thinking too much how could I actually pay all my loans.

  6. MAR
    December 18, 2010 | 10:16 AM

    zero debt. Own our home. Concentrating on retirement in four years. I will be 63, wife 62. We have had our home paid off for 8 years now. Both max out our 401′ for the past 20 years. Our 401’s are now over the $900K mark and will be plus $1M in four years.
    Excellent retirement years are on the way, God’s willing.

  7. karthi
    March 16, 2011 | 1:48 AM

    I read this article very useful and more informative..
    i get more idea..thanks for ur good work and keep updating..
    Winworld Exports

  8. Franklin D. Smithson
    June 27, 2011 | 10:17 PM

    I make my self not to be materialistic! Not to buy things not in need… self-discipline is important. With God’s help, no debts by now.

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