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 07:58 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 = $17,000

    Car Loan balance = $728

    Home Loan Balance = $6,475

  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.
    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!

  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
    The problem with a living sacrifice is, it always trys to crawl off the alter.[COLOR="Red" 35,0Chuck Swindoll, FCU-9, Chase Freedom $1000.00 TJ Maxx 400, personal $255 and $60 other.

  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
    The problem with a living sacrifice is, it always trys to crawl off the alter.[COLOR="Red" 35,0Chuck Swindoll, FCU-9, Chase Freedom $1000.00 TJ Maxx 400, personal $255 and $60 other.

  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
    The problem with a living sacrifice is, it always trys to crawl off the alter.[COLOR="Red" 35,0Chuck Swindoll, FCU-9, Chase Freedom $1000.00 TJ Maxx 400, personal $255 and $60 other.

  10. #10
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    Default

    1/8/2011
    Debt- Visa Credit Card
    Principle-$19.62
    Interest-$5.38

  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
    I can't be out of money... I still have checks left!

    Momma to the Diva
    Old Lady to the Old Man
    My Blog: http://frugaldomesticgoddess.wordpress.com



    Making Yule
    Samantha x2 (1/2)
    Christopher x2
    Mom x2
    Larry x1
    Dave x1
    OldMan x5
    Diva x11 (1/11)





  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
    Right is right even if no one else is doing it. Wrong is wrong even if everyone else is doing it.

    IF IT IS TO BE.....IT IS UP TO ME
    The 12/12/12 project! Missed this target...but onward I go!

    $24,202.77 Total debt due on 11/11/11.

    $2,902.33 Total balance due as of 2/5/13 .


    Kitty mommy to:
    JC 5/3/2012 RIP...I miss you old man.
    Jack

  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 = $17,000

    Car Loan balance = $728

    Home Loan Balance = $6,475

  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 09:45 AM. Reason: I hit save too soon and by accident & put in wrong numbers for one set.

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