2011 Debt Reduction Challenge - Behind $202,117.30
Page 1 of 21 123411 ... LastLast
Results 1 to 15 of 312
  1. #1
    Registered User monkeywrangler71's Avatar
    Join Date
    Oct 2006
    Location
    Nova Scotia
    Posts
    3,898
    Post Thanks / WTG / Hug
    Blog Entries
    9
    Rep Power
    29

    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
    Join Date
    Jun 2005
    Location
    Penna
    Posts
    2,430
    Post Thanks / WTG / Hug
    Blog Entries
    5
    Rep Power
    15

    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
    Join Date
    Mar 2010
    Location
    Wisconsin
    Posts
    209
    Post Thanks / WTG / Hug
    Rep Power
    7

    Default

    Debt- Car Loan

    $2000 Principal
    ******2016 Goals******

    Pay down car loan - $6,150 left

    Increase Emergency Fund- $37,000

  4. #4
    Registered User ladybug96's Avatar
    Join Date
    May 2008
    Location
    Kiowa, Co
    Posts
    49
    Post Thanks / WTG / Hug
    Rep Power
    0

    Default

    1/1/11

    Mortgage
    Principle $1535.47
    Interest $1115.82

  5. #5
    Rude and Vile Master Greebo's Avatar
    Join Date
    May 2008
    Location
    Baltimore, Maryland
    Age
    47
    Posts
    8,564
    Post Thanks / WTG / Hug
    Rep Power
    79

    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
    Registered User monkeywrangler71's Avatar
    Join Date
    Oct 2006
    Location
    Nova Scotia
    Posts
    3,898
    Post Thanks / WTG / Hug
    Blog Entries
    9
    Rep Power
    29

    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
    Join Date
    Oct 2007
    Location
    Elk Grove CA
    Posts
    1,101
    Post Thanks / WTG / Hug
    Blog Entries
    205
    Rep Power
    13

    Default land payment 1

    Jan payment for land $721.00

    $365.17 Principal
    $355.83 Interest

  8. #8
    Registered User frugal-fannie's Avatar
    Join Date
    Oct 2007
    Location
    Elk Grove CA
    Posts
    1,101
    Post Thanks / WTG / Hug
    Blog Entries
    205
    Rep Power
    13

    Default land payment 2

    Land payment 2 -$277.00

    Principal $192.42

    Interest $84.58

  9. #9
    Registered User frugal-fannie's Avatar
    Join Date
    Oct 2007
    Location
    Elk Grove CA
    Posts
    1,101
    Post Thanks / WTG / Hug
    Blog Entries
    205
    Rep Power
    13

    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
    Registered User
    Join Date
    Oct 2008
    Posts
    57
    Post Thanks / WTG / Hug
    Rep Power
    9

    Default

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

  11. #11
    Registered User Lady_V's Avatar
    Join Date
    Aug 2006
    Location
    Massachusetts
    Posts
    3,298
    Post Thanks / WTG / Hug
    Blog Entries
    13
    Rep Power
    30

    Default

    Car #1
    (1/7/11)

    217.54

    Prin: - 131.60
    Int: - 85.94

  12. #12
    Registered User monkeywrangler71's Avatar
    Join Date
    Oct 2006
    Location
    Nova Scotia
    Posts
    3,898
    Post Thanks / WTG / Hug
    Blog Entries
    9
    Rep Power
    29

    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
    Join Date
    Dec 2010
    Location
    Olympia, WA
    Age
    51
    Posts
    393
    Post Thanks / WTG / Hug
    Rep Power
    7

    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
    Join Date
    Mar 2010
    Location
    Wisconsin
    Posts
    209
    Post Thanks / WTG / Hug
    Rep Power
    7

    Default

    Car Loan

    $1000 Principal
    ******2016 Goals******

    Pay down car loan - $6,150 left

    Increase Emergency Fund- $37,000

  15. #15
    Registered User tnthriftylady's Avatar
    Join Date
    Mar 2009
    Location
    Tennessee
    Age
    55
    Posts
    138
    Post Thanks / WTG / Hug
    Rep Power
    8

    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.

  16. Page 1 of 21 123411 ... LastLast

    Similar Threads

    1. 2011 Debt Reduction Challenge - Discussion
      By monkeywrangler71 in forum Money challenges
      Replies: 47
      Last Post: 09-19-2011, 11:16 AM
    2. Debt reduction challenge
      By nodmicks in forum Money challenges
      Replies: 197
      Last Post: 12-20-2005, 05:49 PM
    3. Debt reduction challenge!
      By MANDERS in forum Money challenges
      Replies: 6
      Last Post: 03-05-2005, 01:43 AM
    4. Debt reduction challenge-how are we doing?
      By MANDERS in forum Money Articles
      Replies: 3
      Last Post: 08-07-2002, 11:59 PM
    5. who's up for a debt reduction challenge
      By MANDERS in forum Money Articles
      Replies: 25
      Last Post: 07-30-2002, 05:23 PM

    Tags for this Thread

    Posting Permissions

    • You may not post new threads
    • You may not post replies
    • You may not post attachments
    • You may not edit your posts
    •