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  1. #1
    Rude and Vile Master Greebo's Avatar
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    Default 2010 Debt Reduction Challenge - GOAL DESTROYED

    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. [ame="http://www.frugalvillage.com/forums/showthread.php?t=126977"]The Discussion Thread is located here.[/ame]

    GRAND TOTALS - 2010 Debt Reduction
    Principal: $0.00
    Interest: $0.00


    GOAL
    Principal Reduction $500,000
    If you could kick in the pants the person responsible for your problems, you wouldn't be able to sit for a month.

    Did you know that a 4 year student paying $20,000/year who finances their education graduates with over $103,000 in debt to start? But a student who works and pays cash and takes 6 years to graduate ends with $6,300 in their pocket! So much for "getting a head start by financing!"


    Greebo
    (Nerd Spender): Loving and extremely patiently tolerated husband of ceashels.
    WARNING: Y Chromosome behind the keyboard. Adjust your listening filters appropriately!

    Three
    Two mortgages, two one no car loans, one no credit cards, and a partridge in pear tree!
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  2. #2
    Moderator monkeywrangler71's Avatar
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    Default

    Jan 1, 2010
    Mortgage
    Principal: $305.36
    Interest: $160.94
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  3. #3
    Registered User missyali's Avatar
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    January Totals
    Mortgage
    Principal:$432.77
    Interest: $713.22
    HELOC
    Principal: $4.13
    Interest: $175.87
    Undergrad Loan
    Principal: $53.02
    Interest: $24.98
    Discover Card
    Principal: $19.34
    Interest: $160.66

    Pardon me while I go vomit now.....
    BS1 ~ $0/$1000
    BS2 ~ #1 CC ($4500.00) and car loan ($8000.00)

    2012 Fling ~ 650/2012
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    Moderator Luckybustert's Avatar
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    Default

    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
    -Suzanne

    Challenges:

    Pound A Week - 237.2 / 227.8 / 135
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  5. #5
    Registered User TinyDancer's Avatar
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    Default

    January 1st:
    Credit Card #1 (sadly there are 3 cc's)
    Principal: $103.78
    Interest: $181.22
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    Angry

    January 1st 2010 cc debt

    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
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  7. #7
    Registered User missyali's Avatar
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    Default

    Quote Originally Posted by missyali View Post
    January Totals
    Mortgage
    Principal:$432.77
    Interest: $713.22
    HELOC
    Principal: $4.13
    Interest: $175.87
    Undergrad Loan
    Principal: $53.02
    Interest: $24.98
    Discover Card
    Principal: $19.34
    Interest: $160.66

    Pardon me while I go vomit now.....
    Greebo ~ Would you like me to combine my debts so there is only one interest & principal amount per month for you or is it okay the way that I did it?
    BS1 ~ $0/$1000
    BS2 ~ #1 CC ($4500.00) and car loan ($8000.00)

    2012 Fling ~ 650/2012
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    Registered User Autumn1102's Avatar
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    Default

    Jan 3, 2010
    Debt - Checking Account Line of Credit
    Total Payment: $25.00
    Principal: $21.94
    Interest: $3.06

    Debt - Secured Loan
    Total Payment: $100.00
    Principal: $42.12
    Interest: $57.88
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    Default

    AES
    Total Payment: $90.00
    Principal: $16.09
    Interest: $73.91
    New Balance: $13355.89
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  10. #10
    Rude and Vile Master Greebo's Avatar
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    Quote Originally Posted by missyali View Post
    Greebo ~ Would you like me to combine my debts so there is only one interest & principal amount per month for you or is it okay the way that I did it?
    That's fine what you did. I do it all in excel.
    If you could kick in the pants the person responsible for your problems, you wouldn't be able to sit for a month.

    Did you know that a 4 year student paying $20,000/year who finances their education graduates with over $103,000 in debt to start? But a student who works and pays cash and takes 6 years to graduate ends with $6,300 in their pocket! So much for "getting a head start by financing!"


    Greebo
    (Nerd Spender): Loving and extremely patiently tolerated husband of ceashels.
    WARNING: Y Chromosome behind the keyboard. Adjust your listening filters appropriately!

    Three
    Two mortgages, two one no car loans, one no credit cards, and a partridge in pear tree!
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!Share on FacebookSpurl this Post!Reddit!Wong this Post!

  11. #11
    Rude and Vile Master Greebo's Avatar
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    GRAND TOTALS - 2010 Debt Reduction
    Principal:
    $998.55
    Interest:
    $1,551.74

    GOAL
    Principal Reduction $500,000
    If you could kick in the pants the person responsible for your problems, you wouldn't be able to sit for a month.

    Did you know that a 4 year student paying $20,000/year who finances their education graduates with over $103,000 in debt to start? But a student who works and pays cash and takes 6 years to graduate ends with $6,300 in their pocket! So much for "getting a head start by financing!"


    Greebo
    (Nerd Spender): Loving and extremely patiently tolerated husband of ceashels.
    WARNING: Y Chromosome behind the keyboard. Adjust your listening filters appropriately!

    Three
    Two mortgages, two one no car loans, one no credit cards, and a partridge in pear tree!
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!Share on FacebookSpurl this Post!Reddit!Wong this Post!

  12. #12
    Registered User stacy80's Avatar
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    Default

    Debt Totals:

    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.
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    Registered User nic4549's Avatar
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    O.K Here goes nothing. First payment of 2010 is an extra payment to Discover.

    Principle: $708
    Interest: $0
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  14. #14
    Rude and Vile Master Greebo's Avatar
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    Rental #1 Mortgage - Jan Payment
    Principal: $139.45
    Interest: $455.91
    If you could kick in the pants the person responsible for your problems, you wouldn't be able to sit for a month.

    Did you know that a 4 year student paying $20,000/year who finances their education graduates with over $103,000 in debt to start? But a student who works and pays cash and takes 6 years to graduate ends with $6,300 in their pocket! So much for "getting a head start by financing!"


    Greebo
    (Nerd Spender): Loving and extremely patiently tolerated husband of ceashels.
    WARNING: Y Chromosome behind the keyboard. Adjust your listening filters appropriately!

    Three
    Two mortgages, two one no car loans, one no credit cards, and a partridge in pear tree!
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!Share on FacebookSpurl this Post!Reddit!Wong this Post!

  15. #15
    Rude and Vile Master Greebo's Avatar
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    GRAND TOTALS - 2010
    Principal:
    $1,846.00
    Interest:
    $2,007.65

    GOAL
    Principal Reduction $500,000
    If you could kick in the pants the person responsible for your problems, you wouldn't be able to sit for a month.

    Did you know that a 4 year student paying $20,000/year who finances their education graduates with over $103,000 in debt to start? But a student who works and pays cash and takes 6 years to graduate ends with $6,300 in their pocket! So much for "getting a head start by financing!"


    Greebo
    (Nerd Spender): Loving and extremely patiently tolerated husband of ceashels.
    WARNING: Y Chromosome behind the keyboard. Adjust your listening filters appropriately!

    Three
    Two mortgages, two one no car loans, one no credit cards, and a partridge in pear tree!
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!Share on FacebookSpurl this Post!Reddit!Wong this Post!

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