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Discussion Starter #1 (Edited)
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.
 

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

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land payment 1

Jan payment for land $721.00

$365.17 Principal
$355.83 Interest
 
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land payment 2

Land payment 2 -$277.00

Principal $192.42

Interest $84.58
 
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My first Mortage payment for 2011 $2,308.08
Balance $88,246.79


Principal- $1480.00
Interest- $429.94
Escrow- $398.14
 
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Car #1
(1/7/11)

217.54

Prin: - 131.60
Int: - 85.94
 
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Discussion Starter #12
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
 

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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
 
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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
 

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Car #2

$400.00

Principal - $363.93
Interest - $36.07
 
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Debt- Car

$5,000 payment

$4990.71 Principal

9.29 Interest

*Partial month's interest due to billing cycle
 
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