Frugal Village Forums banner
Status
Not open for further replies.

2010 Debt Reduction Challenge - GOAL DESTROYED

42K views 674 replies 68 participants last post by  Greebo 
#1 ·
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


GOAL
Principal Reduction $500,000
 
#3 ·
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.....
 
#7 ·
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?
 
#4 ·
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
 
#8 ·
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
 
#9 ·
AES
Total Payment: $90.00
Principal: $16.09
Interest: $73.91
New Balance: $13355.89
 
#11 ·
GRAND TOTALS - 2010 Debt Reduction
Principal:
$998.55
Interest:
$1,551.74

GOAL
Principal Reduction $500,000
 
#12 ·
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.
 
  • Like
Reactions: NikoSan999
#14 ·
Rental #1 Mortgage - Jan Payment
Principal: $139.45
Interest: $455.91
 
#15 ·
GRAND TOTALS - 2010
Principal:
$1,846.00
Interest:
$2,007.65

GOAL
Principal Reduction $500,000
 
#17 ·
Chase Auto

Principal - 315.27
Interest - 80.90
 
#18 ·
FDAC Fl Dept of Agri $375
Southern Grove Hydro $871

TOTAL $1246

These are business and billed to us to be paid with deadline. Not sure how you are doing these. No interest/penalty as paid before deadline.
 
#19 ·
visa(mine)
principal- $35.00
interest- $20.88


van pymnt
principal- $248.26
interest- $29.38
 
#20 ·
GRAND TOTALS - 2010
Principal:
$2573.05
Interest:
$2160.29

GOAL
Principal Reduction $500,000


I'm extremely impressed that, to date, principal reduction surpasses interest payments. Lets hope that keeps up!!!
 
#21 ·
Kia Optima Payment-
Principal: 333.66
Interest:41.34
New Balance: $13,007.74

Student Loan Payment-
Principal:$66.43
Interest: $56.57
We shall not speak of this balance.

GTO Payment-
Principal: $171.33
Interest: $28.67
New Balance: $6850.85
 
#22 ·
visa(his)
principal- $11.00
interest- $6.90

capital one(mine)
pricipal- $90.00
interest- $31.69
 
#26 ·
I paid off my capital one card today, it feels grrrreat!!!! Next i am tackling my Chase card.

AMEX $ 2,936.44
Best Buy $ 2,717.66
Macy*s $1,863.10
Chase $1,704.19
Capital one $ 405.86 (Paid off today):yippee:
Hospital 420.39
1) Congrats! :)
2) Were these all payments, or totals?
3) If payments, please give principal vs. interest paid amounts.
 
#27 ·
Congratulations Fairlakes!!!!
 
#34 ·
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?
 
Status
Not open for further replies.
You have insufficient privileges to reply here.
Top