This is the official totals thread for the 2010 Debt Reduction Challenge. Only posts containing total amounts paid for debt reduction should be made to this thread. Posts that discuss the challenge, or are otherwise off topic, will be removed from this thread.The Discussion Thread is located here.
GRAND TOTALS - 2010 Debt Reduction
Principal: $0.00
Interest: $0.00
My beginning balances for the 2010 debt reduction challenge are as follows:
CC #1 85.16
CC #2 619.48
CC #3 623.56
CC #4 297.98
CC #5 542.79
CC #6 491.55
CC #7 683.89
CC #8 2,059.91
CC #9 91.21
CC #10 145.89
CC #11 505.41
CC #12 267.53
Legal Fees 1,676.25
Student Loan #1 9,454.62
Student Loan #2 2,009.59
Student Loan #3 43,251.24 Total 62,806.06
AMEX $ 2,936.44
Best Buy $ 2,717.66
Macy*s $1,863.10
Chase $1,704.19
Capital one $ 405.86
Hospital 420.39
-----------------------------------
Total CC $10,047.64
Home Depot CC: $2364.69 (0% for next 12 months)
First Financial CC: $4429.03 (1.9% interest until paid off)
Student Loan through family: $15550.00 (0% interest)
Mortgage: $114,216.28 (5.375% interest)
Grand Total: $136,560.00
First payments of the year will be going out in a few days.
I'm counting this for now - but I have to ask - when was this debt added? Are you on a 0% interest introductory period or was this accumulated in the last month?
Hi Greebo,
The cc payment was
Interest $0
Principal $405.86
The rest are the balances i carry on those cards with payment due in a few days.
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