Since you aren't counting mortgage, you could say I'm $2300 in debt, but I don't really look at it that way. It's 0% interest and I could pay it off right now if I wanted to, but I don't really see the point. However, $1100 of it is due after the first of the year, so I'll be paying it off then. The other $1200 is 0% interest until 2014, so that won't be paid off anytime soon.
If you want to count mortgage, I'd be about 53 or 54k in debt. Not really worried about that either, since my mortgage payment, plus insurance, plus taxes is all less than I'd pay in rent for an apartment this size. Also, like you said, I'm building equity in the house by fixing it up, especially since I'm doing most of the work myself. Only things I've hired out are carpet and tile installation, but I did all the prepwork for both.
I try my best to live beneath my means since I've been in bad shape a couple times. I've managed to dig myself out each time, but don't want to get into that boat ever again, which is the biggest reason I'm still bikeless. I could have bought a bike a couple years ago, but to me (as much as I love having one), motorcycles are luxury items and I refuse to go into debt for a luxury. I'm also kind of stubborn and want exactly the bike I like, rather than settling for less. Not much longer, though.
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