Reply Hey Mom! Learn more about the Gerber Life Insurance Grow-Up Plan!
 
Thread Tools Display Modes
Old 02-05-2013, 06:42 PM   #11
Mom23kids
Registered Users
seller
seller
 
Join Date: May 2008
Posts: 4,346
My Mood:
Re: What Is the Least Amount of Money It Would Take

$30k to be debt free except the house and car, $50k to be debt free with a decent emergency fund. Another $165k to pay off the house and car. But, I'm not greedy and would be happy with $30k. That would free up so much money each month.

Advertisement

Mom23kids is offline   Reply With Quote
Old 02-05-2013, 06:42 PM   #12
theonenonlymrssmith's Avatar
theonenonlymrssmith
Poet Laureate
 
Join Date: Aug 2011
Posts: 4,246
I agree with the posters who say around 500,000. Definitely needs to be upwards of 6 figures to be "life changing"

Last edited by theonenonlymrssmith; 02-06-2013 at 07:23 AM.
theonenonlymrssmith is offline   Reply With Quote
Old 02-05-2013, 06:48 PM   #13
Holly dolly's Avatar
Holly dolly
Registered Users
seller
seller
 
Join Date: Feb 2012
Posts: 3,001
My Mood:
$50k would pay off our house, $30k would pay off all our other debt. Anything over that would help our savings greatly.
__________________

Wife to Casey Mom to Isaac and Carson Hoping for someone new in 2014
Too often we underestimate the power of a touch, a smile, a kind word, a listening ear, an honest compliment, or the smallest act of caring, all of which have the potential to turn a life around.
Holly dolly is offline   Reply With Quote
Old 02-05-2013, 06:53 PM   #14
lemon.extract's Avatar
lemon.extract
Registered Users
seller
 
Join Date: Jan 2013
Location: New Mexico
Posts: 403
My Mood:
Re: What Is the Least Amount of Money It Would Take

My husband often discuss what we would do with more money (He is a student and works part time; I work as well) and we wouldn't know what to do with more money. We would pay off my student loan (about 14k) and after that we would put more into savings.

So 14k I guess.

Then because we wouldn't have student loan payments we would give money to charity.
lemon.extract is offline   Reply With Quote
Old 02-05-2013, 06:55 PM   #15
lemon.extract's Avatar
lemon.extract
Registered Users
seller
 
Join Date: Jan 2013
Location: New Mexico
Posts: 403
My Mood:
Re: What Is the Least Amount of Money It Would Take

Quote:
Originally Posted by Ms.Kaun View Post
Our tax return this year. We will officially be debt free, be able to pay off our car and have a bit in savings.


That is so exciting!
lemon.extract is offline   Reply With Quote
Old 02-05-2013, 06:57 PM   #16
crystalanne79's Avatar
crystalanne79
Registered Users
seller
seller
 
Join Date: Jan 2008
Location: Winnipeg, Canada
Posts: 9,062
My Mood:
Re: What Is the Least Amount of Money It Would Take

$43,000 which will pay off our mortgage so we would be debt free
__________________
Crystal~WAHM to Emma & Liam and wife to Scott.
Stocking Minky and Bamboo Cloth Pads at Tree Hugger Cloth Pads!
Choose from 200+ colors!

crystalanne79 is offline   Reply With Quote
Old 02-05-2013, 07:01 PM   #17
DottieHarley's Avatar
DottieHarley
Registered Users
seller
seller
 
Join Date: Nov 2010
Location: Washington, DC suburb
Posts: 2,247
My Mood:
Quote:
Originally Posted by Ms.Kaun
Our tax return this year. We will officially be debt free, be able to pay off our car and have a bit in savings.
That's awesome - congrats!
$100k. Enough to pay off our 2nd mortgage, give us 6 mos mortgage in the bank, and a nice DP on a new house (first two items would allow us to rent out the current house/shoebox without too much risk).
__________________
+ + +
DottieHarley is offline   Reply With Quote
Old 02-05-2013, 07:15 PM   #18
Daniella Jean's Avatar
Daniella Jean
Registered Users
Formerly: Danielliia
seller
 
Join Date: Jul 2010
Location: BC, Canada
Posts: 903
Re: What Is the Least Amount of Money It Would Take

Right now, since we're selling our condo and buying a townhouse, $50,000 would make a big difference in what we could afford. Otherwise, enough money to pay off our mortgage (it's our only debt).
__________________

Mommy to 3 princesses, K born November 2007 and L & C born May 2013
Daniella Jean is offline   Reply With Quote
Old 02-05-2013, 07:26 PM   #19
erin_c_odonnell's Avatar
erin_c_odonnell
Registered Users
seller
 
Join Date: Jul 2008
Location: North Carolina
Posts: 3,347
My Mood:
Re: What Is the Least Amount of Money It Would Take

Well gosh hard question... Hmm right now we're debt free and very satisfied BUT we are about to buy a house :fx: in a few weeks so I guess $165k to pay that off plus a new van so $200k total would be totally wonderful. I dunno life changing though... That almost has a different meaning to me or maybe I'm over thinking it. To me life changing would be making me a different person maybe? Like instead of being a plain gal to a fancy person- it'd take a whole lot more than $200k to get me living that lifestyle and I'm pretty sure I wouldn't want it anyway
__________________
Erin- Helpmeet to David, Deaf. Reformed Christian. Homeschooling. SAHM to 5 on earth, 3 in eternity and currently in the family way! Edd July 2014! Grow baby grow!
erin_c_odonnell is offline   Reply With Quote
Old 02-05-2013, 07:31 PM   #20
jenbengtson's Avatar
jenbengtson
Registered Users
 
Join Date: Jul 2008
Posts: 888
My Mood:
Re: What Is the Least Amount of Money It Would Take

we would need about 300000 to pay off the house and my student loans. about 65,000 just to pay off the loans after they take the taxes
__________________
Mommy to Emma 10-11-2008 and Madeline 7-24-2010
Join me at CROWDTAP http://bit.ly/jCJLSN
jenbengtson is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Copyright 2005 - 2014 Escalate Media. All Rights Reserved.