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2011 Debt Reduction Challenge - Behind $202,117.30

19K views 311 replies 43 participants last post by  monkeywrangler71 
#1 · (Edited)
To avoid confusion, please only post your debt reduction payment amounts in this thread. All discussion related to the challenge should be posted in the "2011 Debt Reduction Challenge - Discussion" thread.

Please ensure that your total is broken down into interest and principal. The preferred format is as follows:

Jan 1, 2011
Debt - Mortgage
Total Payment: $1,000
Principal: $500
Interest: $500​

Posts which do not clearly indicate the above will not be counted.
 
#2 ·
1/2/2011
Debt - Home Depot account
Principal = 403.56
Interest = 15.56
Paid in full. Now on to consumer debt # 2.
 
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#5 ·
2011 Jan 4
Rental Mortgage
Principal $146.41
Interest $448.95
Extra principal: $12.04

(We make a fixed pmt every month that is now slightly higher than the total of Prin, int and escrow - at present, exactly $12.04 over the total. :)
 
#11 ·
Car #1
(1/7/11)

217.54

Prin: - 131.60
Int: - 85.94
 
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#13 ·
1/7/11
Visa:
Principal $78.77 (interest had been paid in previous payment made in December)

1/10/11
Mortgage:
principal $307.13
Interest $941.80
 
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#15 · (Edited)
I hope I am doing this correctly.

1/1/11 Mortgage Bal $181,847.47
January principal paid $ 219.85
January interest paid $ 997.02

1/1/11 Car Balance $ 21,681.23
January principal paid $ 531.15
January interest paid $ 158.85

1/1/11 Stud Loan Bal $ 36,258.39
January principal paid $ 100.09
January interest paid $ 149.91

1/1/11 Total Credit Card Bal $ 42,032.91
January principal paid $ 2,543.83
January interest paid $ 401.08
 
#16 ·
Car #2

$400.00

Principal - $363.93
Interest - $36.07
 
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#23 ·
Debt reduction totals, end of Week 3

Principal: $18 234.18
Interest: $6 217.03

Goal: $600 000



It is the 21st day of the year. To meet our goal we must pay down $1,643.84 per day.
Today's goal debt reduction: $34,520.55
Actual debt reduction: $18,234.18
Behind ($16,286.37) = -47.1788%
 
#26 ·
Jan 2011

BoA Credit Card
Balance: 4117.91
Principal: 2200
Interest: 117.91

Sallie Mae (need to check this)
Balance: 9889.69
Principal:
Interest:

Toyota Finacial Services (need to check this)
Balance: 27787.99
Principal:
Interest:
 
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