What's your 'comfortable' figure

James_B.

I'm not comfortable owing anything at all (other than my mortgage, which strangely does not feel the same). Even small amounts, such as if someone has lent me money at work when I've gone down to lunch without my wallet, leave me uncomfortable.

My wife paid for my watch to be serviced this week, as she works near the collection place, and I felt almost panicked until I'd paid the money back into her account.

moohound

Having owed way too much in the past, I am now only comfortable with no consumer debt.

kdam

being retired my figure has to be zero debt when younger and working a car loan was acceptable as was a £15k mortgage but I would always aim for debt free living its worth working hard for.

YoungBusinessman

I am comfortable just now, aslong as i make the payments. I have next months expenses in my current account so im now working to pay for Januarys expenses. Its not near enough ahead as slight illness/injury could see me in serious trouble. I always find a way, need to knock the debt on the head before i run out of luck.

redlaces

My debt isn't huge, it was 3.5k a couple of years ago, but it's been bugging me for years. Getting into three figures will feel like the home stretch, and only then will it feel like less of a burden.

lazer

katejo wrote: »

Does your Zero debt include mortgage? Just curious. My mortgage is the only debt which I can tolerate. I don't like it and will pay it off asap but don't view it in the same way as I would credit card debt or loans.

No, it excludes the mortgage, but I have a very reasonable mortgage which I am confident I could repay even if the shi* hit the fan (although I do want rid of it asap)
If I had a high mortgage then I still wouldn't be comfortable even with the £10k in the bank.

Upsidedown_Bear

I was never comfortable in debt so am very glad it's now paid off

Muhren

I feel the same as FireWyrm, even though my debts at still relatively large I feel comfortable that they are reducing rather than increasing.

Although I think about my debts all the time I do not worry about them, which I very much was when they were at their highest, as those that have heard my story will know. I have been good with money in the past and I think I am good with money now, it is just the big blip in the middle that has got me into this situation!

Saying that I am still desperate to get to zero, which I guess could be said for everyone here.

submarine76

It's only my CC that bothers me, the car finance and loan (new kitchen) will sort themselves out. Time I got rid of it and left myself better off each month.

Pablosammy

I'm becoming less and less tolerant of debt, finally. Including my student loan, I've been up to over £40k, possibly £50k in the red. I don't know the exact figure, I buried my head too far in the sand to see clearly. I'm hoping to be debt free in just over a year, and have discovered the wonder of budgeting, but won't be happy or comfortable until I've got zero debt (except mortgage, and maybe a car lease) and at least a couple of months salary emergency fund.