If you have 50,000 dollars in the bank and you have 203,000 in car loans and mortgages how much money do you have?

[Awesomesauce2005]

[WindAtMyBack]

50K

The 50K is money that you've temporarily loaned to the bank. The rest is equity, which is not money.

For the equity, you'd have to know the market value of the house and car vs what you owe on them. But since that's not money, it doesn't matter.

If you wanted to ask about net worth and not money, you'd need more info.

[Awesomesauce2005]

You have no money if you have more in debt than you have in your bank account

[exitseven]

You have minus 153,000 dollars

[Crimsyjo]

Er... depends how much of the money you use towards your debts otherwise you have zero money and still owe a large amount.

[Anonymous]

Fifty thousand cause those loans aren’t due right away

[Anonymous]

You have the $50,000 plus whatever you have left after you pay the mortgage if you sell the house, and maybe a few thousand dollars for the cars after you pay the car loans.

[Massageman]

not enough. Pay off the highest-interest loans first, while still leaving yourself a couple K for emergencies.

[seeyounexttuesday]

you have $50k in liquid cash. Depending on how much your house is worth depends on what your net worth is.

[Wiredone]

You have 50k in the bank

[Awesomesauce2005]

But the money isn't yours

[Wiredone]

No it's not mine

[DrPepper12]

$50K liquid