livinitup
Initiate Member
Joined: Sept 15, 2015 13:01:19 GMT -5
Posts: 96
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Post by livinitup on Aug 24, 2017 8:42:41 GMT -5
UPDATElivinitup 24-August-2017 $54,247.47 (15/9/2015 $49,443.42, C62)
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| 15-Sep-2015 | 1-Jun-2017 | 24-August-2017 |
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| Debt
| Interest Rate
| Initial Debt Amount
| Old Debt Amount
| New Debt Amount
| Paid since last update
| Paid to date
| % paid
| Charge Account
| 0% | 645.50 | -
| - | - | 645.50 | 100% | Back Rent
| 0% | 2,200.00 | - | - | -
| 2,200.00 | 100% | Loan 1
| 0% | 1,800.00 | -
| - | -
| 1,800.00 | 100% | Credit Card
| 0% | 4,196.86 | - | - | -
| 4,196.86 | 100% | Loan 2
| 0% | 9,500.00 | 9,000.00 | 9,000.00 | 5,000.00 | 5,500.00
| 5% | Loan 3
| 7% | 25,101.16
| 38,199.43 | 48,297.47
| (10,098.04)
| (23,196.31) | -52% | HOA Arrears | 0% | 6,000.00 | 2,150.00 | 1,950.00 | 200.00 | 4,050.00
| 64% |
|
| $49,443.42 | $49,349.43
| $54,247.47 | (4,898.04)
| $(4,803.95)
| -10%
|
I can't believe I have updated since June!!! As I said in June I had an unforeseen emergency that caused me to take on additional debt . I was able to add it to the existing loan so there will not be an additional payment just a slight increase in the existing one. The good news is my mom has decided to forgive me $5,000 of the funds due to her as long as I pay her back in 18 months. Starting with my next pay cheque I will be giving her $250 a month and have her paid off in 16 months. My goal is to get back to my starting balance before the year ends.
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nikiz628
Well-Known Member
Joined: Jun 11, 2013 17:25:59 GMT -5
Posts: 1,447
Mini-Profile Background: {"image":"","color":"4ee2dd"}
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Post by nikiz628 on Aug 24, 2017 15:18:58 GMT -5
Race #2 UPDATE
Interest Rate Original Balance Last Update This Update Difference
Auto Loan 3.95% $24,411.93 $15,802.45 $15,450.33 -352.12
Total Paid in 2017: $2,742.82 Total Paid Overall: $8,961.53
NikiZ628 (2): 8/24/2017 $15,450.33 (6/1/2015 $24,411.93 pg. 53)
Only $1,757.18 left to pay off principle to hit my 2017 goal!
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muffyinthered
Established Member
Joined: Dec 22, 2010 8:19:13 GMT -5
Posts: 310
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Post by muffyinthered on Aug 24, 2017 15:27:18 GMT -5
Attention Captains:
MuffyintheRed 8/24/2017 $65,407.58 (9/9/08 $130,444.32 S37, SU395, PRO77, 81, 86.137) NC
Paid off since joining: $65,036.74 Percentage: 50.1%
Paid off this month: $-729.42
CU Savings - $1345.78
Well, I have hit the half way mark. And just before my 9th anniversary! I never thought it would take this long. But we really need to buckle down because my DH is talking about possibly retiring next June!!!! YIKES That means that we would be moving and trying to sell our house and buy another! All this scares me to death.
We had a pretty good month but Sept. will probably not be very good, we are travelling to WI to see my son and grandkids. That always adds to our charges for a month or 2. We drive and have to stay in a hotel one night each way and this trip we are also going to see one of DH's vendors in Madison, WI, so another night in the hotel.
Hope everyone is doing well. Have a great Labor Day weekend.
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Poptart
Established Member
Joined: Sept 8, 2011 18:23:48 GMT -5
Posts: 433
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Post by Poptart on Aug 24, 2017 15:57:26 GMT -5
I need to start my own race, I have credit cards that I have to pay off. My boyfriend and I want to move in together but I won't do it until all my debt is gone and I have enough in savings to cover the deposits needed to get into a new place, I also want to have a small EF in place. The end of the year is always hard for me for several reasons, like everyone else I deal with the usual holiday spending but in addition my rent goes up every December and I have birthdays at the end of November. This year my sisters have a birthday the day before Thanksgiving and six days later my birthday comes along. I was going to wait until after the holidays to start paying this off but I'm tired of making minimum payments, I'm so scared that I have too many bills that I will eventually forget to pay something and in the last few months I've added to my debt. I'm going to race three cards and once those are done I'll race the others. Capital One | $492.12 |
| Capital One | $692.88 |
| Mastercard | $451.93 |
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Poptart: Total Starting Balance=$1,636.93 08/24/2017
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seriousthistime
Senior Member
Joined: Dec 22, 2010 20:27:07 GMT -5
Posts: 4,707
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Post by seriousthistime on Aug 24, 2017 19:05:35 GMT -5
Welcome Poptart!
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Poptart
Established Member
Joined: Sept 8, 2011 18:23:48 GMT -5
Posts: 433
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Post by Poptart on Aug 24, 2017 21:01:13 GMT -5
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nidena
Senior Member
Joined: Dec 28, 2010 20:32:26 GMT -5
Posts: 3,582
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Post by nidena on Aug 24, 2017 21:15:04 GMT -5
I need to start my own race, I have credit cards that I have to pay off. My boyfriend and I want to move in together but I won't do it until all my debt is gone and I have enough in savings to cover the deposits needed to get into a new place, I also want to have a small EF in place. The end of the year is always hard for me for several reasons, like everyone else I deal with the usual holiday spending but in addition my rent goes up every December and I have birthdays at the end of November. This year my sisters have a birthday the day before Thanksgiving and six days later my birthday comes along. I was going to wait until after the holidays to start paying this off but I'm tired of making minimum payments, I'm so scared that I have too many bills that I will eventually forget to pay something and in the last few months I've added to my debt. I'm going to race three cards and once those are done I'll race the others. Capital One | $492.12 |
| Capital One | $692.88 |
| Mastercard | $451.93 |
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Poptart: Total Starting Balance=$1,636.93 08/24/2017Welcome! If the interest rates are all the same (or within a percent or two of each other), I'm guessing you're gonna focus on the Mastercard since it has the lowest balance. The others probably have a minimum of $20 or $30/mo, right? Are you able to aim for a quick payoff on that Mastercard to get the very motivational first zero?
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Minnesotagirl7
Well-Known Member
Joined: Dec 27, 2010 11:43:59 GMT -5
Posts: 1,796
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Post by Minnesotagirl7 on Aug 25, 2017 7:22:05 GMT -5
Update! | 3/18/15 | 7/28/17 | 8/25/17 | Total Difference | Camper | $10,838.91 | $0.00 | $0.00 | $10,838.91 | Truck | $35,000.00 | $0.00 | $0.00 | $35,000.00 | WF Mortgage | $75,190.47 | $23,580.77 | $21,722.21 | $53,468.26 | Total | $121,029.38 | $23,580.77 | $21,722.21 | $99,307.17 |
Diff Last Post | $1,858.56 | Total Amt Pd | $99,307.17 | Total % Pd | 82.1% |
Minnesotagirl7 [4]: 8/25/17 $21,722.21 (3/18/15 $121,029.38 C123) Mortgage payment posted. Things are still going well with our new son. Two and a half months old already, its hard to believe!
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Maryland Monroe
Established Member
Joined: Dec 23, 2010 16:52:51 GMT -5
Posts: 459
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Post by Maryland Monroe on Aug 26, 2017 7:52:46 GMT -5
UPDATE: Maryland_Monroe[2]: 8/26/2017 $54065.44 (1/1/2014 $93528.61 NE113, C127)
42.19% paid!
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Ava
Senior Member
Joined: Jan 30, 2011 12:23:55 GMT -5
Posts: 4,176
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Post by Ava on Aug 27, 2017 6:50:25 GMT -5
UPDATE
ava 8/27/2017- $0 (7/29/2017 $278.32)
I paid off my medical bills! I had $278 outstanding and my mom brought some money to contribute to household expenses during her stay with me. Instead of using it for groceries I used it to pay these bills. The medical debt is gone.
I had a $62.47 balance outstanding with the doctor's office. When I looked at the last bill they sent me, my balance appears 90 - 120 days late even though I had been paying something every month. They were about to send me to collections. That besides the 20 bucks they charged me for not paying my bill in full at the time of service, which I could not do because I have a HDHP and nobody - including their billing department - knew what my balance was until they negotiated with the insurance. Greed beyond belief. I am so glad I've broken my last link with them.
I will now take a break to make sure my new doctor and I click, that he let's me use Quest for blood testing, and that his costs are reasonable. After that I'll start racing my credit card debt. I'm a little worried it will get worse before it gets better. I want to pay off my credit card debt and never carry a balance again, but I have a few big things coming that definitely will go on the credit card. No other way I can finance them.
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paynointerest
Established Member
Joined: Dec 21, 2010 1:35:20 GMT -5
Posts: 440
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Post by paynointerest on Aug 27, 2017 23:08:56 GMT -5
Update -- debt increase
So, I decided to buy a new car. My current car has 167K miles on it and it will likely begin to need major work/repair on it. DH and I did some test drives just to see what was out there while we had a car that was in good working order. The car manufacturer was having a summer end clearance and we ended getting our new car for 26% below the MSRP -- it was a good price. So, we bought the car. We had to finance it in order to get the lower price. My plan is to pay it off quickly.
So, I will now be racing my mortgage and my car. Here are the new numbers:
08/28: New debt: $57,351 (New debt total: 08/28 $388,835)
#1) Mortgage Debt: $35,400 #2) Car (3.69%): $21,951
I hope all is well with everyone!
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nikiz628
Well-Known Member
Joined: Jun 11, 2013 17:25:59 GMT -5
Posts: 1,447
Mini-Profile Background: {"image":"","color":"4ee2dd"}
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Post by nikiz628 on Aug 28, 2017 9:34:28 GMT -5
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shanendoah
Senior Associate
Joined: Dec 18, 2010 19:44:48 GMT -5
Posts: 10,096
Mini-Profile Name Color: 0c3563
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Post by shanendoah on Aug 28, 2017 10:45:42 GMT -5
shanendoah: 8/28/2017, $16,393.12 (5/4/2017, $36,155.05, WIRR151)
Line of Credit | Current Balance | Previous Balance | Starting Balance | Limit | APR | Total Paid | Percentage Paid | Citi Thank You | $0.00 | $0.00 | $15,441.35 | $16,400 | 13.74% | $15,441.35 | 100% | Citi Diamond | $4,504.50 | $4,144.93 | $5,182.70 | $6,600 | 0% until 11/18 | $678.20 | 13% | Chase Disney | $11,888.62 | $13,138.62 | $15,531.00 | $15,000 | 0% until 5/18 | $3,642.38 | 23% | Total | $16,393.12 | $17,283.55 | $36,155.05 |
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| $19,761.93 | 55% |
Payment made on the Chase Disney card brings us back in a positive direction. I am playing a bit of a game with the balance that will be transferred to the new Discover card (0% apr for 14 months AND $0 transfer fees). The payment on the card it's on isn't due until 9/14, so I am going to wait until the week of the 11th to do the transfer, still preventing interest on the card it's on, but also giving me a bit more time before a minimum payment is due on the Discover. Once I get it transferred, I'll add it here (so expect to see it next month).
My current guest roommate got a job and will be moving to Sweden in the next month. Once he's out, I'll get the room he's been in cleaned up (and get more of my stuff out of it), and a rent paying roommate will move it. (Not a lot of rent. I don't NEED the money - it's just nice to have to get out of debt a little faster - and she's trying to get her life back together after leaving a bad relationship.) It is also possible I will be selling our second car to some friends who need a "new" vehicle that is safe and that they can both drive. I'll probably let them give me interest free payments in a way that makes sense for them. Simply not having the insurance bill on that will help, and these are good friends who live close by, so if it turns out I need to use the wagon for the extra cargo space, I'll still have access to borrow it (which is part of why I'm willing to finance at 0%).
Just trying to move ahead, slowly but surely.
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jdnstl
Familiar Member
Joined: Dec 21, 2010 10:21:56 GMT -5
Posts: 949
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Post by jdnstl on Aug 28, 2017 11:54:25 GMT -5
as promised, happy 9-year anniversary to me. Current Update: chiver78 8/20/17 $103,114.65 (8/20/08 $45152.97 NE266) Creditor | Start Balance
| Current Balance
| PAID OFF!!
| BofA #1
| $0.00 | $0.00 | $0.00 | Chase | $0.00 | $10135.28 | ($10135.28) | Citizens | $0.00 | $0.00 | $0.00 | Discover #1
| $543.07 | $14301.56 | ($13758.49) | AmEx blue
| $3142.50 | $13344.09 | ($10202.47) | Acura | $4602.06 | $0.00 | $4602.06 | Discover #2
| $5648.17 | $15148.78 | ($9500.61) | SL | $7528.74 | $0.00 | $7528.74 | 1st National
| $9862.14
| $12561.99 | ($2699.85) | BofA #2
| $13826.29
| $20468.76 | ($6642.47)
| CitiCards | $0.00 | $6575.00 | ($6575.00) | Elan | $0.00 | $1823.31
| ($1823.31) | Citi Diamonds
| $0.00 | $0.00 | ($0.00) | Bank Americard
| $0.00 | $8755.00 | ($8755.00) | Total | $45152.97
| $103114.65
| ($57961.68)
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since I can't figure out how to add columns to the table, I'll just explain interest rates. Hi Chiver. Do you want to add the new debt to the starting totals? That way you get credit for paying off the additional debt and it might not feel so overwhelming.
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jdnstl
Familiar Member
Joined: Dec 21, 2010 10:21:56 GMT -5
Posts: 949
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Post by jdnstl on Aug 28, 2017 11:56:49 GMT -5
Hey WIRR!!! Smileys are updated!!!
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jdnstl
Familiar Member
Joined: Dec 21, 2010 10:21:56 GMT -5
Posts: 949
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Post by jdnstl on Aug 28, 2017 11:57:54 GMT -5
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Poptart
Established Member
Joined: Sept 8, 2011 18:23:48 GMT -5
Posts: 433
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Post by Poptart on Aug 28, 2017 13:02:12 GMT -5
I need to start my own race, I have credit cards that I have to pay off. My boyfriend and I want to move in together but I won't do it until all my debt is gone and I have enough in savings to cover the deposits needed to get into a new place, I also want to have a small EF in place. The end of the year is always hard for me for several reasons, like everyone else I deal with the usual holiday spending but in addition my rent goes up every December and I have birthdays at the end of November. This year my sisters have a birthday the day before Thanksgiving and six days later my birthday comes along. I was going to wait until after the holidays to start paying this off but I'm tired of making minimum payments, I'm so scared that I have too many bills that I will eventually forget to pay something and in the last few months I've added to my debt. I'm going to race three cards and once those are done I'll race the others. Capital One | $492.12 |
| Capital One | $692.88 |
| Mastercard | $451.93 |
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Poptart: Total Starting Balance=$1,636.93 08/24/2017Welcome! If the interest rates are all the same (or within a percent or two of each other), I'm guessing you're gonna focus on the Mastercard since it has the lowest balance. The others probably have a minimum of $20 or $30/mo, right? Are you able to aim for a quick payoff on that Mastercard to get the very motivational first zero? Hi! I'm actually going to try and knock off the two Capital One cards, my sister and I share those cards and I ran them up so I just want to be rid of them and go from there.
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jdnstl
Familiar Member
Joined: Dec 21, 2010 10:21:56 GMT -5
Posts: 949
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Post by jdnstl on Aug 31, 2017 12:02:23 GMT -5
Good afternoon WIRR! I'm in the Houston area and was very blessed not to have flooding. Sending prayers for the WIRR affected by Hurricane Harvey!!
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bankergurl
Well-Known Member
Joined: Dec 30, 2010 17:05:10 GMT -5
Posts: 1,435
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Post by bankergurl on Aug 31, 2017 12:27:08 GMT -5
Update to Race #2!$682.26 paid off in the last 2 weeks!!!
We were only $203.91 from going under the next $1000 mark, and this would be the 6th update in a row, so I considered just throwing the extra $205 against my mortgage (the only debt we can easily make extra payments on), but decided since that isn't our focus right now to just hold onto it and stick with the plan.
I'm receiving a $600 bonus next payday so hoping to put that whole amount in savings as cash flow finally seems to be leveling out after vaca. Celebrations for this update:
-$682.26 paid off in the last 2 weeks! -Race #2 just passed $10K paid off!!
Race #1 - Banker Gurl Mortgage (Rental #2)
8/18/17 $151,400.00 (9/17/07 $250,514.73) Paidoff - $99,114.73
Debt | Interest | Start 9/17/07 | Last 7/21/17 | Current 8/18/17 | My Mortgage (Rental #2) | 3.62% | $250,514.73 | $151,750.00 | $151,400.00 |
Race #2 - Bad Debt Race
9/1/17 $27,073.88 (6/19/15 $37,603.84) Paidoff - $10,529.96
Debt | Interest | Start 6/19/15 | Last 8/18/17 | Current 9/1/17 | Student Loan | N/A | $93.97 | $0 | $0 | Payback Savings | 0% | $500.00 | $0 | $0 | David's Bridal | 0% | $275.30 | $0 | $0 | Scheel's Card | 25.24% | $929.90 | $0 | $0 | Total Rewards | 17.99% | $3,955.66 | $0 | $0 | LOC - US Bank | 21.90% | $4,994.05 | $0 | $0 | Ring - Iddeal | 9.99% | $9,334.87 | $0 | $0 | Appliances - Best Buy | 0% | $2,960.09 | $0 | $0 | Mom Loan #2 | 2.00% | $0 | $19,602.46 | $19,035.13 | Store Loan | 2.00% | $14,560.82 | $8,153.68 | $8,038.75 | Totals |
| $37,603.84 | $27,756.14 | $27,073.88 |
*Mom Loan Savings Account has $2265.00 in it so total still owed is $16,770.13.
Race #3 - MO's Mortgage/HELOC
8/18/17 $84,474.75 (6/19/15 $119,756.61) Paidoff - $35,281.86
Debt | Interest | Start 6/19/15 | Last 7/21/17 | Current 8/18/17 | HELOC | 3.5% | $30,324.70 | $0 | $0 | MO Mortgage (Rental #1) | 4.5% | $89,431.91 | $84,656.75 | $84,474.75 | Totals |
| $119,756.61 | $84,656.75 | $84,474.75 |
Race #4 - Our Mortgage
8/18/17 $248,255.28 (9/2/15 $270,000.00) Paidoff - $21,744.72
Debt | Interest | Start 9/2/15 | Last 7/21/17 | Current 8/18/17 | Our Mortgage | 4.125% | $270,000.00 | $248,643.70 | $248,255.28 |
Yearly Progress
Date | Total Debt | 6/19/15
| $584,391.18
| 1/1/16 | $557,236.94 | 2/1/16 | $558,578.70 | 3/1/16 | $556,926.66 | 4/1/16 | $555,255.36 | 5/1/16 | $537,809.61 | 6/1/16 | $536,179.52 | 7/1/16 | $535,227,72 | 8/1/16 | $533,602.53 | 9/1/16 | $531,929.14 | 10/1/16 | $529,329.28 | 11/1/16 | $527,573.63 | 12/1/16
| $525,933.12
| 1/6/17
| $524,971.47
| 1/20/17
| $523,953.74
| 2/3/17
| $523,279.38
| 2/17/17
| $522,251.76
| 3/3/17
| $521,576.28
| 3/31/17
| $520,437.48
| 4/14/17
| $519,027.69
| 4/28/17
| $518,733.73
| 5/12/17
| $517,321.49
| 5/26/17
| $516,997.18
| 6/9/17
| $516,318.28
| 6/23/17
| $515,316.35
| 7/7/17
| $514,636.33
| 7/21/17
| $513,602.57
| 8/4/17
| $512,921.43
| 8/18/17
| $511,886.17
| 9/1/17
| $511,203.91
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chiver78
Administrator
Current Events Admin
Joined: Dec 20, 2010 13:04:45 GMT -5
Posts: 38,539
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Post by chiver78 on Aug 31, 2017 13:07:36 GMT -5
as promised, happy 9-year anniversary to me. Current Update: chiver78 8/20/17 $103,114.65 (8/20/08 $45152.97 NE266) Creditor | Start Balance
| Current Balance
| PAID OFF!!
| BofA #1
| $0.00 | $0.00 | $0.00 | Chase | $0.00 | $10135.28 | ($10135.28) | Citizens | $0.00 | $0.00 | $0.00 | Discover #1
| $543.07 | $14301.56 | ($13758.49) | AmEx blue
| $3142.50 | $13344.09 | ($10202.47) | Acura | $4602.06 | $0.00 | $4602.06 | Discover #2
| $5648.17 | $15148.78 | ($9500.61) | SL | $7528.74 | $0.00 | $7528.74 | 1st National
| $9862.14
| $12561.99 | ($2699.85) | BofA #2
| $13826.29
| $20468.76 | ($6642.47)
| CitiCards | $0.00 | $6575.00 | ($6575.00) | Elan | $0.00 | $1823.31
| ($1823.31) | Citi Diamonds
| $0.00 | $0.00 | ($0.00) | Bank Americard
| $0.00 | $8755.00 | ($8755.00) | Total | $45152.97
| $103114.65
| ($57961.68)
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since I can't figure out how to add columns to the table, I'll just explain interest rates. Hi Chiver. Do you want to add the new debt to the starting totals? That way you get credit for paying off the additional debt and it might not feel so overwhelming. hmm.....I probably should, even if I personally continue to keep track of that original starting point. that number is burned into my memory.
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livinitup
Initiate Member
Joined: Sept 15, 2015 13:01:19 GMT -5
Posts: 96
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Post by livinitup on Sept 1, 2017 9:21:14 GMT -5
UPDATElivinitup 1-September-2017 $54,247.47 (15/9/2015 $49,443.42, C62)
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| 15-Sep-2015 | 24-August-2017 | 1 September-2017 |
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| Debt
| Interest Rate
| Initial Debt Amount
| Old Debt Amount
| New Debt Amount
| Paid since last update
| Paid to date
| % paid
| Charge Account
| 0% | 645.50 | -
| - | - | 645.50 | 100% | Back Rent
| 0% | 2,200.00 | - | - | -
| 2,200.00 | 100% | Loan 1
| 0% | 1,800.00 | -
| - | -
| 1,800.00 | 100% | Credit Card
| 0% | 4,196.86 | - | - | -
| 4,196.86 | 100% | Loan 2
| 0% | 9,500.00 | 4,000.00 | 4,000.00 | - | 5,500.00
| 5% | Loan 3
| 7% | 25,101.16
| 48,297.47 | 47,607.06
| 690.41
| (22,505.90) | -52% | HOA Arrears | 0% | 6,000.00 | 1950.00 | 1,850.00 | 100.00 | 4,150.00
| 64% |
|
| $49,443.42 | $54,247.47
| $53,457.06 | 790.41
| $(4,013.54)
| -8%
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Not as much as a pay down as I was hoping. DH was out of work for about a month so all the extra monies I would have used on debt I used on our bills so we wouldn't have to take much from our savings. Things should look better next month.
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ambellamy
Established Member
Joined: Dec 23, 2010 10:05:26 GMT -5
Posts: 458
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Post by ambellamy on Sept 1, 2017 12:17:52 GMT -5
Okay, Time to get the new mortgage all listed up here. We are paying minimums until the condo if finished with our home improvement projects, and we need to start saving for replacement cars. Both of our cars together on the private market are worth $5,300 combined based on KBB (Both 2004 cars with 120,000 miles on each and they have paint job defects and chipping)... but we would be buying cars to last us the next 10-15 years, so we need to start saving now. This year alone we have spent $2,000 on auto maintenance between both cars and up keep and my "maint" light is on and my AC stopped working again I'll find out the damage next week Ambellamy (3) - 9/1/17 $159,537.89 (7/1/2017, $160,000)
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movinonup
Established Member
Joined: Feb 7, 2013 7:44:03 GMT -5
Posts: 318
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Post by movinonup on Sept 1, 2017 19:30:35 GMT -5
update - movinonup: 09/01/2017 $261,554.84 (02/12/2013 $309,217.65 NE100) NYAccount | Standard Interest Rate
| Monthly Interest
| 02/12/2013
| 08/01/2017 | 09/01/2017 | Balance Reduction Since Last Update
| Total Balance Reduced
| Percentage Reduced
| LOC | 18.24% | $0.00 | $3,500.00 | $0.00 | $0.00 | $0.00 | $3,500 | 100.00% | CC#1 | 18.99% | $21.16
| $20,688.08
| $1,675.00 | $1,600.00 | $75.00 | $19,088.08 | 92.27%
| CC#2 | 16.99% | $0.00 | $(8.16)
| $(4.42) | $6.71 | $(11.13) | $(14.67)
| (182.33)%
| CC#3 | 19.99% | $0.00 | $10,300.00
| $1,498.30 | $2,552.33 | $(1,054.03) | $7,747.67
| 75.22%
| CC#4 | 16.99%
| $21.76 | $9,135.05
| $6,568.77 | $6,590.53 | $(21.76)
| $2,544.52
| 27.85% | CC#5 | 10.99% | $24.41 | $4,910.22
| $8,025.79 | $7,675.00 | $350.79 | $(2,764.78)
| (56.31)%
| CC#6 | 0.00% | $0.00 | $1,239.00 | $0.00 | $0.00
| $0.00 | $1,239.00 | 100.00% | CC#7 | 20.99% | $0.00 | $0.00 | $0.00 | $0.00
| $0.00 | $0.00 | 0.00% | SL#1 | 3.50% | $39.59 | $23,021.50
| $13,328.14 | $13,140.60 | $187.54 | $10,318.82 | 42.92%
| SL#2 | 6.80% | $0.00 | $4,748.54
| $0.00 | $0.00 | $0.00 | $4,748.54
| 100.00%
| SL#3 | 6.55% | $1.50 | $2,533.57
| $268.42 | $219.92 | $48.50 | $2,313.65
| 91.32% | MTG | 3.875% | $678.90 | $220,170.76 | $210,241.42 | $209,851.94 | $389.48 | $10,318.82
| 4.69%
| Auto
| 4.24%
| $0.00
| $8,979.09
| $0.00
| $0.00 | $0.00
| $8,979.09
| 100.00%
| HELOC | 2.25% | $67.39 | $0.00 | $19,950.42 | $19,917.81 | $32.61 | $(19,917.81) | 0.00% | Total
|
| $854.71
| $309,217.65
| $261,554.84 | $261,554.84 | $0.00 | $47,662.81 | 15.41%
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EF = $91.19 I made sure that I put up a zero this month. I zeroed out the balance on my daily use credit card. It didn't cost me any interest this month and I can start to use it again instead of using my other cards, primarily CC#3. I am conserving cash since it looks like my house addition may actually happen in the foreseeable future. I am getting closer to getting my building permit and am starting to interview contractors. I don't think that I am going to get to $50K paid off by October 1, but I am constantly watching my cash position and evaluating whether I am better off paying debt or holding the cash. This morning I decided that paying debt instead of holding cash made sense, so I paid a few hundred on CC#3 and kept my total debt flat because it feels a lot better than taking a step backwards. Enjoy your long weekend everyone! -movinonup
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paynointerest
Established Member
Joined: Dec 21, 2010 1:35:20 GMT -5
Posts: 440
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Post by paynointerest on Sept 1, 2017 20:37:55 GMT -5
Update! Pay-no-Interest
Sept 1: $53,751 (New debt total: 08/28 $388,835)
#1) Mortgage Debt: $34,800 #2) Car (3.69%): $18,951
I just paid off the $3K I put on the CC for the deposit on my car loan and paid the monthly rate on my mortgage.
I'm really proud of myself -- I took my lunch to work every day this week and made dinner at home 4 out of the 5 nights this - I estimate this saved us $110-$130 in dining out costs. My plan is to put this $$ into our savings account. I will also put any extra money left over from this month into savings. The first payment for the new car isn't coming to us until October and so my goal is go put as much $$ into savings as I can to pay off the car loan in 50% of the time of our 72 month loan.
I hope everyone who lives in Houston is doing ok!
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movinonup
Established Member
Joined: Feb 7, 2013 7:44:03 GMT -5
Posts: 318
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Post by movinonup on Sept 1, 2017 22:28:24 GMT -5
The first payment for the new car isn't coming to us until October and so my goal is go put as much $$ into savings as I can to pay off the car loan in 50% of the time of our 72 month loan. I would suggest actually making additional payments on the car loan rather than putting the money into savings. The reason is that the interest on the loan is calculated based on the balance. If you lower the balance, you lower the interest. You get the benefit of compounding with reduced interest. -movinonup
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paynointerest
Established Member
Joined: Dec 21, 2010 1:35:20 GMT -5
Posts: 440
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Post by paynointerest on Sept 4, 2017 7:45:03 GMT -5
Movinonup - I understand what you are saying. I must not have been clear in my earlier post. I won't get the first bill to make my first payment until October 11. Until I get the bill, I can't set up an account online or do anything to make early payments. So, my plan is to save all of my extra money so that when I get the first bill, I can pay off a huge chunk of the loan.
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movinonup
Established Member
Joined: Feb 7, 2013 7:44:03 GMT -5
Posts: 318
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Post by movinonup on Sept 4, 2017 20:47:59 GMT -5
Movinonup - I understand what you are saying. I must not have been clear in my earlier post. I won't get the first bill to make my first payment until October 11. Until I get the bill, I can't set up an account online or do anything to make early payments. So, my plan is to save all of my extra money so that when I get the first bill, I can pay off a huge chunk of the loan. paynointerest - I definitely missed that. If there is any way to make a payment before you get that bill or right when you get it, I would make the payment. It seems to be a sneaky way for lenders to get more interest early on. If the bill gets to you on October 11, and the payment isn't due for another 2 weeks, that would be about 7 weeks worth of interest that will be charged on that payment. Since you are planning to pay a big chunk of the loan right away anyway, maybe it's not that big a deal. -movinonup
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urdoingit
Established Member
May the road rise to meet you ...
Joined: Dec 23, 2010 8:04:56 GMT -5
Posts: 480
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Post by urdoingit on Sept 5, 2017 6:33:20 GMT -5
Update:
urdoingit [4]: 9/5/2017 $59,770.14 (6/1/2017 $65,000.00 C153)
UPDATE | 6/1/2017 | 8/4/2017 | 9/5/2017 | Diff Last Post | Total Diff | First Bank | $65,000.00 | $60,300.69 | $59,770.14 | $530.55 | $5,229.86 | % Paid | 8.05%
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Things are rolling along ... we have our EF back up to where it was before our last major withdrawal. Paying DGD's daycare expense for half the month has not been as big a stretch to our budget as I initially thought it might be. Spent more on dining out last weekend as we had DD and SIL up from Nashville, so this week will be "dining from the pantry" to make up the difference.
DS has an apartment lined up and will be moving the end of this month. We are very proud of the way he has dealt with the divorce and he has made great progress in managing his finances. It has been hard to adjust to this "new normal" but I think we are getting there.
We leave for vacation next week and I am so ready ... the last couple of weeks have been very busy at work and at home and this old grandma needs a break! We have more than enough in our vacation savings to cover this trip (plus nearly all we need for next year's planned travels as well) so there is no stress there. Just need to finalize a few plans and we are good to go!
Hope everyone had a safe and enjoyable weekend!
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sbvs4you
Initiate Member
Joined: Dec 28, 2010 20:28:01 GMT -5
Posts: 75
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Post by sbvs4you on Sept 5, 2017 10:48:11 GMT -5
UPDATE:
Race #2
sbvs4you: 9/5/17 $7,428.50 (2/9/17 $12,812.37)
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livinitup
Initiate Member
Joined: Sept 15, 2015 13:01:19 GMT -5
Posts: 96
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Post by livinitup on Sept 5, 2017 11:18:28 GMT -5
So two weeks into the school year and DD's school has announced that it is mandatory for every child to have a laptop. I know have to pay $200 for a laptop for a 4th Grader. Is it even necessary?!? Sigh, I will get the laptop from DD's education fund but I still annoyed.
On top of that the gasket on my freezer broke and I had to spend $200 to fix that. I was able to take that from our savings so the EF is still intact. I must admit I am fortunate to find the part on island. If not I would've had to buy a new refrigerator and they start at $1,000.
The week can only go up from here.
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