Curious how much debt is normal?

[Mummabear04]

Just being nosey really to see what's the average for other people but how much debt are you in excluding your mortgage? I have just under 4k of debt between DH and I due to student loans but don't have anything else other than the mortgage (we have put paying back our loans first and only saving a little each month instead). How about you?

Mortgage, student loan and car. I’m 33

Mortgage, nothing else. Pay cards off every month. Because I'm 58

£165k on mortgage, about £500 on my next account, and about £5k on student loans. Late 40’s.
i like having a mortgage whilst we’re both working as property feels like a sound investment. I should pay off the Next debt though, the interest is probably really high.

For the first time in a long time I have zero debt, and it's a great feeling

DH has £333 owing on a credit card.

No more debt between us. (Mid 50s/no mortgage./no children at home-left some years ago.)

Had quite a lot in our 30s and 40s though. At one point we had about £25,000 worth of debt. Sold our house and made a lot of money, and downsized. Paid off our debts, and have a decent sum in savings to fall back on if we suddenly need it. (Or if either of our DC need help.)

None apart from the mortgage. We got clear of credit cards and car loans at the start of last year, after a concerted plan to try and become debt free. First time in my life not owing apart from the mortgage. Huge relief. But I realised that I'd rather buy and have less, than incur the debt for doing so.

ETA - I'm 45.

18k in student loans which are going up due to the interest rate, I pay off £120 but they add £220 in interest 😭

About £1500 on a credit card currently, which I could clear tomorrow. Changing jobs just before Christmas has been an interesting time financially- but there are some larger things I'd always buy on credit card because of the protection it gives.

None. Mortgage free I bought cash. No credit cards. Good savings. No student debt, I didn't go to university. 36 years old.

I am not some nepo baby and I haven't had any hand outs from parents or relatives, bar 5k from my grandmother when she sold up but this was my inheritance early.

I am very debt averse as I'm quite a long term thinker and I hate the idea of paying interest etc. It feels like a scam lol, especially over large purchases. I also don't think university is a particularly good investment unless you have a specific qualification that is worthwhile. I know a lot of people my age who studied art, film, history etc and then failed to find a job in that industry. They have ended up effectively being in a different tax bracket because they will be paying it off for the rest of their lives and it hasn't provided any additional employment opportunities.

If It makes you feel better, I have 103k in student debt, the interest alone is £800 month. Despite having two degrees and a masters I don't earn enough to pay it back!

I have about 10k left on student loan and 11k on car repayments

DH and me have about 1600 on 0% credit cards from holidays plus mortgage

Both early 30s

Zero. Just a very small mortgage

I do all spending on a credit card, and pay off in full every month. I have a government 0% loan for solar panels, at £4k left to repay, but this is cost neutral with the savings my solar panels provide. I also have a loan I took out for laser eye surgery, also about £4k. I could have paid it upfront, but got a 3% loan, and have a better saving rate than that, so made sense not to.

Apart from the mortgage, we have €1000 to pay for kids braces still but 0% interest and we can pay what we can when we can.
A bit under €6000 in loans but hoping to pay quite a bit of that off in the new year as we are due some compensation from an accident.
Oh, and another €6000 for solar panels over 5 years but should get around a €1200 subsidy for that in the next year. Also, we took that out as part of fixing our mortgage forever at 2% and the loan was only 3% interest. It's still cheaper than what we were paying for electricity before the panels.
We are not in the UK, by the way.

0 and less than £50k left on the mortgage
only other debt I’ve ever had is a couple of cars bought on 0% finance deals

About £350 on my credit card.

I've never been in debt apart from the mortgage but I went to uni in the 80s so no student loans.

I have credit cards but always pay them off in full. I suppose, technically, I'm in debt for a couple of weeks each month until they're paid off.

Mid thirties. We have £10k student loan left between us and then the mortgage. No other debt.

I am 49. Always been in low paid jobs. Just managed to get a more stable, slightly better paid job so hoping to get into a better position from now on.

Can I ask why? If you pay it off each month with nothing outstanding, why use credit cards at all? Genuinely ignorant about this stuff and curious.

If they’re a similar age to you they won’t be paying it back for the rest of their lives, it gets wiped after 25 years. I’m a similar age and have 11 years until it’s wiped, although I’ll have paid mine back before then.

I think you get protection on anything you buy if you use credit cards.

Some credit card companies don't like people doing that. I know a few people who have had their card cancelled for always paying it all off before any interest accrues.

Pretty nasty to do that I think, but a few people I know have had this happen.

I do this, better consumer protection. Puts anothsr layer between purchases and your bank account.

About 2k in a loan. I'm not sure why some are including a mortgage, I see that as an investment not a debt. Did have years where I literally thought I would kill myself due to the amount of money we owed. Credit cards were the devil ! Thankfully we managed to clear them and I cancelled them all, cut them up and swore never again.

Payment protection, mainly. Also, I get some points. And means I never need to worry about checking what is in each account, etc.