2011 Debt Reduction Challenge - Behind $202,117.30
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  1. #1
    Moderator monkeywrangler71's Avatar
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    Default 2011 Debt Reduction Challenge - Behind $202,117.30

    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.
    Last edited by monkeywrangler71; 01-01-2012 at 08:58 PM.

  2. #2
    Registered User Mamaw's Avatar
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    Default

    1/2/2011
    Debt - Home Depot account
    Principal = 403.56
    Interest = 15.56
    Paid in full. Now on to consumer debt # 2.

  3. #3
    Registered User StanleyJohnson's Avatar
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    Default

    Debt- Car Loan

    $2000 Principal
    ***** 2014 Goals *****

    1) Add to Emergency Fund
    2) Pay off car by mid year
    3) Save for fall vacation
    4) Pay home off by December 31st.


    Emergency fund = $18,000

    Car Loan balance = 0

    Home Loan Balance = 0

  4. #4
    Registered User ladybug96's Avatar
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    Default

    1/1/11

    Mortgage
    Principle $1535.47
    Interest $1115.82
    Debt Free - except for the mortgage!

  5. #5
    Rude and Vile Master Greebo's Avatar
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    Default

    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.

  6. #6
    Moderator monkeywrangler71's Avatar
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    Default

    Debt reduction totals, end of Week 1

    Principal: $4097.48
    Interest: $1580.33

    Goal: $600 000?

  7. #7
    Registered User frugal-fannie's Avatar
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    Default land payment 1

    Jan payment for land $721.00

    $365.17 Principal
    $355.83 Interest

  8. #8
    Registered User frugal-fannie's Avatar
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    Default land payment 2

    Land payment 2 -$277.00

    Principal $192.42

    Interest $84.58

  9. #9
    Registered User frugal-fannie's Avatar
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    Default

    My first Mortage payment for 2011 $2,308.08
    Balance $88,246.79


    Principal- $1480.00
    Interest- $429.94
    Escrow- $398.14

  10. #10
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    Default

    1/8/2011
    Debt- Visa Credit Card
    Principle-$19.62
    Interest-$5.38
    The Enemy of Best isn't Worst. The Enemy of Best is Just Fine.


    Me

    Cupcake

  11. #11
    Registered User Lady_V's Avatar
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    Default

    Car #1
    (1/7/11)

    217.54

    Prin: - 131.60
    Int: - 85.94

  12. #12
    Moderator monkeywrangler71's Avatar
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    Default

    Jan 4, 2011
    Fixed Mortgage
    Total: 190.01
    Principal: 90.62
    Interest: 99.39

    Variable Mortgage
    Total: 158.95
    Principal: 78.10
    Interest: 80.85

  13. #13
    Registered User Ponderer's Avatar
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    Default

    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

  14. #14
    Registered User StanleyJohnson's Avatar
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    Default

    Car Loan

    $1000 Principal
    ***** 2014 Goals *****

    1) Add to Emergency Fund
    2) Pay off car by mid year
    3) Save for fall vacation
    4) Pay home off by December 31st.


    Emergency fund = $18,000

    Car Loan balance = 0

    Home Loan Balance = 0

  15. #15
    Registered User tnthriftylady's Avatar
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    Default

    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
    Last edited by tnthriftylady; 01-13-2011 at 10:45 AM. Reason: I hit save too soon and by accident & put in wrong numbers for one set.

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