Are you a saver or in debt?

minerva_windsong

Saver, largely due to parents who adopted the 'debt is bad' line. That said at the moment I'm in less of a position to save than I was a year ago due to moving out of the family home, but I'm hoping that'll change in the next few months, and in the meantime I'm still putting every spare penny I can into my ISA.

gl196

i wonder what kind of debt most people owe.
CC?
Mortgage?
Personal loan?

TimBear

I'm a (converted!) saver.

I did have a relatively small debt of around £3k which I paid off at the start of this year, and now have around £3k saved up.

I hope to save £10k in 2012 which will get me off to a good start!

OH on the other hand, is in debt to the tune of around £11k, so I'm trying to get him to see the error of his ways and sort that out. He's getting there, slowly but surely, but sometimes it feels like 2 steps forward, 1 back with him.

millionaire_in_training

I'm in debt unfortunately. Bad circumstances caused this. I am surprised to see that more people have savings than people in debt as I naively thought everyone was like me. Stupid of course. I can't wait until I have savings instead of debt.

Tojo_Ralph

MSE_Lee wrote: »

Excluding mortgages and student loans … are you overall in-credit or overdrawn.

I cannot begin to imagine what a poll that ignores mortgage debt, ignores student loans debt and more importantly ignores assets such as property is looking to achieve? ..... Perhaps the OP can provide some feedback?

Tojo_Ralph

Coveredinbees!!!! wrote: »

I put even but that is because all the spare money is going to offsetting the mortgage.

That is where you are going wrong.

If you stop reducing your mortgage and instead you put the money into a savings account, you will be financially better off ..... Or at least that will be the appearance for the purposes of this poll.