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Discussion Starter #1
This is the official totals thread for the 2010 Debt Reduction Challenge. Only posts containing total amounts paid for debt reduction should be made to this thread. Posts that discuss the challenge, or are otherwise off topic, will be removed from this thread. The Discussion Thread is located here.

GRAND TOTALS - 2010 Debt Reduction
Principal: $0.00
Interest: $0.00


GOAL
Principal Reduction $500,000
 

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January Totals
Mortgage
Principal:$432.77
Interest: $713.22
HELOC
Principal: $4.13
Interest: $175.87
Undergrad Loan
Principal: $53.02
Interest: $24.98
Discover Card
Principal: $19.34
Interest: $160.66

Pardon me while I go vomit now.....
 

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My beginning balances for the 2010 debt reduction challenge are as follows:

CC #1 85.16
CC #2 619.48
CC #3 623.56
CC #4 297.98
CC #5 542.79
CC #6 491.55
CC #7 683.89
CC #8 2,059.91
CC #9 91.21
CC #10 145.89
CC #11 505.41
CC #12 267.53
Legal Fees 1,676.25
Student Loan #1 9,454.62
Student Loan #2 2,009.59
Student Loan #3 43,251.24
Total 62,806.06
 

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January 1st 2010 cc debt

AMEX $ 2,936.44
Best Buy $ 2,717.66
Macy*s $1,863.10
Chase $1,704.19
Capital one $ 405.86
Hospital 420.39
-----------------------------------
Total CC $10,047.64
 

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January Totals
Mortgage
Principal:$432.77
Interest: $713.22
HELOC
Principal: $4.13
Interest: $175.87
Undergrad Loan
Principal: $53.02
Interest: $24.98
Discover Card
Principal: $19.34
Interest: $160.66

Pardon me while I go vomit now.....
Greebo ~ Would you like me to combine my debts so there is only one interest & principal amount per month for you or is it okay the way that I did it?
 

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Jan 3, 2010
Debt - Checking Account Line of Credit
Total Payment: $25.00
Principal: $21.94
Interest: $3.06

Debt - Secured Loan
Total Payment: $100.00
Principal: $42.12
Interest: $57.88
 

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AES
Total Payment: $90.00
Principal: $16.09
Interest: $73.91
New Balance: $13355.89
 

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Discussion Starter #10
Greebo ~ Would you like me to combine my debts so there is only one interest & principal amount per month for you or is it okay the way that I did it?
That's fine what you did. I do it all in excel.
 

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Discussion Starter #11
GRAND TOTALS - 2010 Debt Reduction
Principal:
$998.55
Interest:
$1,551.74

GOAL
Principal Reduction $500,000
 

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Debt Totals:

Home Depot CC: $2364.69 (0% for next 12 months)
First Financial CC: $4429.03 (1.9% interest until paid off)
Student Loan through family: $15550.00 (0% interest)
Mortgage: $114,216.28 (5.375% interest)

Grand Total: $136,560.00

First payments of the year will be going out in a few days.
 
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O.K Here goes nothing. First payment of 2010 is an extra payment to Discover.

Principle: $708
Interest: $0
 
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Discussion Starter #14
Rental #1 Mortgage - Jan Payment
Principal: $139.45
Interest: $455.91
 

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Discussion Starter #15
GRAND TOTALS - 2010
Principal:
$1,846.00
Interest:
$2,007.65

GOAL
Principal Reduction $500,000
 

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Paid to cc$4

$128.52 principal
$21.48 interest

Cat
 

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Chase Auto

Principal - 315.27
Interest - 80.90
 

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FDAC Fl Dept of Agri $375
Southern Grove Hydro $871

TOTAL $1246

These are business and billed to us to be paid with deadline. Not sure how you are doing these. No interest/penalty as paid before deadline.
 

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visa(mine)
principal- $35.00
interest- $20.88


van pymnt
principal- $248.26
interest- $29.38
 

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Discussion Starter #20
GRAND TOTALS - 2010
Principal:
$2573.05
Interest:
$2160.29

GOAL
Principal Reduction $500,000


I'm extremely impressed that, to date, principal reduction surpasses interest payments. Lets hope that keeps up!!!
 
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