2011 Debt Reduction Challenge - Behind $202,117.30 - Page 2
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  1. #16
    Registered User Lady_V's Avatar
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    Car #2

    $400.00

    Principal - $363.93
    Interest - $36.07

  2. #17
    Registered User StanleyJohnson's Avatar
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    Debt- Car

    $5,000 payment

    $4990.71 Principal

    9.29 Interest

    *Partial month's interest due to billing cycle

  3. #18
    Registered User monkeywrangler71's Avatar
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    Debt reduction totals, end of Week 2

    Principal: $16 590.47
    Interest: $5 416.26

    Goal: $600 000




    It is the 14th day of the year.
    To meet our goal we must pay down $1,643.84 per day.
    Today's goal debt reduction: $23,013.70
    Actual debt reduction: $16,590.47
    Behind ($6,423.23) = -27.9105%

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  5. #19
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    1/14/2011
    Gas Credit Card

    Principle-$20
    Interest-$0

  6. #20
    Registered User tnthriftylady's Avatar
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    1/16/11

    Principal to Credit Cards - $1,000
    Interest - $0

  7. #21
    Registered User MyMelody's Avatar
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    Jan 5, 2011
    Debt - Mortgage
    Principal: $402.28
    Interest: $762.20

  8. #22
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    Okay here is my kick off for 2011 debt reduction

    Car payment January

    $38.57 (i)
    $221.43 (p)

  9. #23
    Registered User monkeywrangler71's Avatar
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    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%

  10. #24
    Registered User monkeywrangler71's Avatar
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    Mortgage (fixed)
    Principal: 280.76
    Interest: 99.24

    Mortgage (variable)
    Principal: 242.18
    Interest: 75.72

  11. #25
    Registered User ktsmama's Avatar
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    Jan. 2011
    Credit Card (Regular Payment)

    P - 55.00
    I - 10.00

    Credit Card (Additional Payment)

    P - 500.00

    Bank Loan (Regular Payment)

    P - 55.00
    I - 10.00

  12. #26
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    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:

  13. #27
    Registered User Mamaw's Avatar
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    1/21/2011
    Snowball debt # 1 815.00 payment

  14. #28
    Registered User Mamaw's Avatar
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    1/21/2011
    Snowball debt # 1 815.00 payment
    46.27 Interest
    768.73 Principal
    ------------------------------------------------------------
    Debt # 2 200.00 Payment
    70.00 Interest
    130.00 Principal
    ------------------------------------------------------------
    Debt # 3 500.00 Payment
    81.04 Interest
    418.96 Principal
    ------------------------------------------------------------
    Debt # 4 100.00 Payment
    33.35 Interest
    66.65 Principal
    Will have 2 more to post at end of the month for January.
    Feels good to see the snowball amount being applied but feels bad to total up the interest we pay!

    Lesson learned......get them paid as fast as we possibly can!

  15. #29
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    January 21, 2011

    Car Loan
    Payment - $2,224.14
    Principal - $2,200.00
    Interest - $24.14

    AES Student Loan
    Payment - $370.05
    Principal - $200.00
    Interest - $170.05

  16. #30
    Registered User MyMelody's Avatar
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    Jan 21, 2011
    Debt - DH's student loan
    Principal: $887.65
    Interest: $12.35

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