Comments on: Meet Big Apple Debtor: $55,632.60 in debt http://www.debtkid.com/meet-big-apple-debtor-55632-60-in-debt Debt Kid - I'm Getting Out of Debt Sat, 21 Nov 2009 02:42:10 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: bigappledebtor http://www.debtkid.com/meet-big-apple-debtor-55632-60-in-debt/comment-page-1#comment-19722 bigappledebtor Wed, 08 Jul 2009 17:53:35 +0000 http://www.debtkid.com/?p=3880#comment-19722 Considering you only make $60k a year, I highly doubt you paid off $20k debt in about half a year by yourself. It sounds like your parents gave you a ton of money, as they did for your college and for living afterward. I sure hope your parents are saving for their own retirements. It sounds like you have made a lot of progress as far as becoming financially responsible, but I’m guessing you still have a ways to go. Thanks for all your comments. It's nice to get different perspectives. My parents gave me a fair amount of money. I wish I knew the exact figures but I don't. However, even though I only make 62k a year I did get a 10k bonus (minus taxes) that I put towards my debt and I got a tax refund of about 3k that I also put towards my debt so a good chunk of the debt payoff came from me as well. I'm learning. @ Joe, I do mean a million bucks by 30 thanks for the correction. @ fern, maybe I should point out that I was about 15 when I started college and my parents never taught me much about money. It was just something in the background. Considering you only make $60k a year, I highly doubt you paid off $20k debt in about half a year by yourself. It sounds like your parents gave you a ton of money, as they did for your college and for living afterward.

I sure hope your parents are saving for their own retirements. It sounds like you have made a lot of progress as far as becoming financially responsible, but I’m guessing you still have a ways to go.
Thanks for all your comments. It’s nice to get different perspectives.
My parents gave me a fair amount of money. I wish I knew the exact figures but I don’t. However, even though I only make 62k a year I did get a 10k bonus (minus taxes) that I put towards my debt and I got a tax refund of about 3k that I also put towards my debt so a good chunk of the debt payoff came from me as well.

I’m learning.

@ Joe, I do mean a million bucks by 30 thanks for the correction.
@ fern, maybe I should point out that I was about 15 when I started college and my parents never taught me much about money. It was just something in the background.

]]> By: fern http://www.debtkid.com/meet-big-apple-debtor-55632-60-in-debt/comment-page-1#comment-19710 fern Tue, 07 Jul 2009 16:07:18 +0000 http://www.debtkid.com/?p=3880#comment-19710 Yikes. I don't mean to sound harsh, but I'm amazed that someone, even a 20-something, could be so clueless about money. Well, it seems like you're working to correct those tendencies...right? Yikes. I don’t mean to sound harsh, but I’m amazed that someone, even a 20-something, could be so clueless about money. Well, it seems like you’re working to correct those tendencies…right?

]]> By: creditcruncher http://www.debtkid.com/meet-big-apple-debtor-55632-60-in-debt/comment-page-1#comment-19708 creditcruncher Tue, 07 Jul 2009 04:44:36 +0000 http://www.debtkid.com/?p=3880#comment-19708 Thanks for the post. I can relate as most of my debt is from"experiences" or "things" that looking back I didn't need or could have done cheaper. Most of my trips were done fairly cheap but often went over budget with drinks/food due to poor budget planning. But each experience has provided one heck of a learning opportunity most of which I am not soon to forget. Congrats on moving your debt down so quickly and good luck knocking it all out! Thanks for the post. I can relate as most of my debt is from”experiences” or “things” that looking back I didn’t need or could have done cheaper. Most of my trips were done fairly cheap but often went over budget with drinks/food due to poor budget planning. But each experience has provided one heck of a learning opportunity most of which I am not soon to forget. Congrats on moving your debt down so quickly and good luck knocking it all out!

]]> By: jessica w http://www.debtkid.com/meet-big-apple-debtor-55632-60-in-debt/comment-page-1#comment-19706 jessica w Tue, 07 Jul 2009 03:49:51 +0000 http://www.debtkid.com/?p=3880#comment-19706 I totally hear you on the once-in-a-lifetime experiences. Those are so hard to determine if you'll regret it later or if you will be thankful for the experience. I don't regret the travel I did to adopt my kids (Ethiopia for a month and Orlando for a week, respectively, which account for a substantial amount of my debt) but I do regret some of my earlier debt-induced "once in a lifetime experiences." like a four-day trip to New Orleans to stay in a four-star hotel BY MYSELF (yep, I didn't even go wtih friends, and to make matters worse, being just 18, I couldn't go in to hardly any of the establishments... I ended up eating most of my meals at Hooters because it was one of the only places in the area I didn't have to be 21 to go into). Some once-in-a-lifetime experiences are bad. Oh well, I think that experience did help me to evaluate others more carefully! Good luck in your adventures in the big city! I look forward to reading more posts here! Jess I totally hear you on the once-in-a-lifetime experiences. Those are so hard to determine if you’ll regret it later or if you will be thankful for the experience. I don’t regret the travel I did to adopt my kids (Ethiopia for a month and Orlando for a week, respectively, which account for a substantial amount of my debt) but I do regret some of my earlier debt-induced “once in a lifetime experiences.” like a four-day trip to New Orleans to stay in a four-star hotel BY MYSELF (yep, I didn’t even go wtih friends, and to make matters worse, being just 18, I couldn’t go in to hardly any of the establishments… I ended up eating most of my meals at Hooters because it was one of the only places in the area I didn’t have to be 21 to go into). Some once-in-a-lifetime experiences are bad. Oh well, I think that experience did help me to evaluate others more carefully!

Good luck in your adventures in the big city! I look forward to reading more posts here!

Jess

]]> By: Bulldog Gin http://www.debtkid.com/meet-big-apple-debtor-55632-60-in-debt/comment-page-1#comment-19705 Bulldog Gin Tue, 07 Jul 2009 03:29:01 +0000 http://www.debtkid.com/?p=3880#comment-19705 It's all about entitlement and living off Mommy and Daddy. It is the american way! Feel no shame. Just ask them for more money it's cool. Everybody is doing it. It’s all about entitlement and living off Mommy and Daddy. It is the american way! Feel no shame. Just ask them for more money it’s cool. Everybody is doing it.

]]> By: Joe http://www.debtkid.com/meet-big-apple-debtor-55632-60-in-debt/comment-page-1#comment-19704 Joe Tue, 07 Jul 2009 01:48:14 +0000 http://www.debtkid.com/?p=3880#comment-19704 I think you mean "million bucks by 30", indeed a great book. Good luck , nothing is stopping you but you. I think you mean “million bucks by 30″, indeed a great book. Good luck , nothing is stopping you but you.

]]> By: Anonymous http://www.debtkid.com/meet-big-apple-debtor-55632-60-in-debt/comment-page-1#comment-19703 Anonymous Mon, 06 Jul 2009 23:30:06 +0000 http://www.debtkid.com/?p=3880#comment-19703 Considering you only make $60k a year, I highly doubt you paid off $20k debt in about half a year by yourself. It sounds like your parents gave you a ton of money, as they did for your college and for living afterward. I sure hope your parents are saving for their own retirements. It sounds like you have made a lot of progress as far as becoming financially responsible, but I'm guessing you still have a ways to go. I hope you live within your means and use all the gifts from your parents as extra to pay down debts. I would be more interested to know how much of the debt you payed down vs how much money your parents gave you in that time period. It would give you a better sense of how much of your income you have saved. I liked your post, I look forward to reading more, please take my criticism very lightly. Considering you only make $60k a year, I highly doubt you paid off $20k debt in about half a year by yourself. It sounds like your parents gave you a ton of money, as they did for your college and for living afterward.

I sure hope your parents are saving for their own retirements. It sounds like you have made a lot of progress as far as becoming financially responsible, but I’m guessing you still have a ways to go.

I hope you live within your means and use all the gifts from your parents as extra to pay down debts. I would be more interested to know how much of the debt you payed down vs how much money your parents gave you in that time period. It would give you a better sense of how much of your income you have saved.

I liked your post, I look forward to reading more, please take my criticism very lightly.

]]> By: retireby35 http://www.debtkid.com/meet-big-apple-debtor-55632-60-in-debt/comment-page-1#comment-19700 retireby35 Mon, 06 Jul 2009 22:53:48 +0000 http://www.debtkid.com/?p=3880#comment-19700 Congrats on being able to pay off about 20k in a little more than half a year. Good luck on your endeavors in paying the rest off. Congrats on being able to pay off about 20k in a little more than half a year. Good luck on your endeavors in paying the rest off.

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