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, 2008 

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Michelle Jones, Founder and Editor of BetterBudgeting.com
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Living a Better Life
(featured column... from the editor's desk)

In Debt, Out of Debt...  Results are In!
by Michelle Jones

Well our latest poll results are in, and I think you'll be as surprised as I am.  While the majority of voters report being in debt to the tune of $25,000 or more, second place goes to $10,000 - $14,999, and most importantly... third place goes to voters who are completely out of debt.  What a HUGE contrast! 

To those of you that are in debt, whether on the high end or low end, keep chipping away at it one dollar, one hundred, one thousand at a time.  You can do it, and we're here to help!!

I think it would be wonderful if we could hear from those of you that are completely out of debt. Please send us a quick note and tell us how you did it, and even more so, how you continue to stay out of debt... what's working for YOU?  

Your reply may be featured in our next issue, but we promise to only print your first name or initials.

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And now, here are the complete results of our poll...

 

What is the total amount of your unsecured debts? (credit cards, medical bills, school loans, lines of credit, etc...)

  votes percent
1.)  None - we're completely out of debt! 63   13%
2.)  Under $1,000 32   7%
3.)  $1,000 - $2,999 27   6%
4.)  $3,000 - $4,999 33   7%
5.)  $5,000 - $7,999 43   9%
6.)  $8,000 - $9,999 29   6%
7.)  $10,000 - $14,999 64   14%
8.)  $15,000 - $19,999 46   10%
9.)  $20,000 - $24,999 33   7%
10.)  Over $25,000 100   21%
Total Votes - 470    

If you didn't have a chance to vote when we posted this poll and would still like to participate,  I will hold it open for a few more months. I'd like to get as many votes as possible so we can assure this is an accurate sample of our reader's finances.  All we need is your vote, your name or other personal information is not collected.

Click Here to Vote!

 

*  *  *

 

Copyright © 2003 by Michelle Jones.  Voting results courtesy of Bravenet.

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