When Will You Celebrate "D-Day" (Debt-Free Day)?

[Admiral Yi]

Payed off my career development loan a few months ago.

What's this?

[Sheilbh]

What's this?

I think commercial student loan of up to £10 000.  The first year they're 0% interest (or the government pays the interest).  I should be getting one next year.

I doubt I'll ever be out of debt.

[Valmy]

I doubt I'll ever be out of debt.

[Iormlund]

Car is paid off, flat is rented (bubble and all that) and I never buy on credit.

[garbon]

Car is paid off, flat is rented (bubble and all that) and I never buy on credit.

I think I buy almost everything on credit. I like my reward points/cashback.

[Habbaku]

Car is paid off, flat is rented (bubble and all that) and I never buy on credit.

I think I buy almost everything on credit. I like my reward points/cashback.

Ditto; I use either my Amazon or Discover card to buy everything and just pay it off at the end of the month.

[Malthus]

Incidentally malthus, you said "at long last" you will pay off your mortgage, but IIRC it has only been 6 years or so 

True enough, but we lived in an apartment for a decade saving money for a down payment (well, not the whole decade - maybe the last five years or so). So add another five years of prep to that.

[dps]

I won't be debt free until I die, but I'm cool with that.  I'd rather die owing someone else money than die with someone owing me.

[Scipio]

Just sent off re-fi paperwork.  Looking at getting 3.75% on 30 year, with a possibility to convert to 15 year at less if the appraisal works out, which it should.  I've got 12.5 k in equity, assuming my house didn't lose any value from when I bought it.  Projected real equity based on recent comps is more like $25k.

[Phillip V]

Debt-free since age 21. However, I am looking later this year for a 15 or 30-year mortgage w/ 20% downpayment to buy a condo/townhouse.

[Ideologue]

Malthus: FU.

[Tonitrus]

Paid off my auto loan about 3 years ago, and am free as a bird now.

[jimmy olsen]

Paid off my debts at the end of my first year in Korea.

[Martinus]

At the current payment plan, 13 years, but I intend to prepay it. I have positive equity though which I think is more important than being debt free.

I can see how for people near retirement age being debt free can be a good thing, but for people in their twenties it usually means they either have very rich parents or are lazy layabouts who have accomplished nothing.

[katmai]

Let's see should be debt free by Nov of 2013, but then thinking i need a new car as of 4 cars have the newest is 1993