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Debt Balances as of the End of October 2010:
First Mortgage: $169,668.33
Credit Card Transfer #1: $23,875.00
Credit Card Transfer #2: $6,700
Rental Property: $107,001.45
Total Debt: $307,244.78
This is a difference of -$824.56 in principle from the $308,069.34 owed in primary and rental mortgage debt* at the end of September.
*The credit card transfers used to be our second [...]
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Whew! Almost forgot this post in all the excitement of my guest post over at Get Rich Slowly. Man, I wish I had more traffic, even half a fraction of a fraction of GRS: the comments are so much fun! Even when it is, you know, about how you let $120,000 slip through your fingertips…
If [...]
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Debt Balances as of the End of July 2010:
First Mortgage: $170,056.58
Second Mortgage: $31,293.06
Rental Property: $107,954.38
Total Debt: $309,304.02
This is a difference of -$558.13 in principle from the $309,862.15 owed in primary and rental mortgage debt at the end of June.
Reminder: Regular Payments Breakdown:
First Mortgage: $1538.63
Second Mortgage: $283.90
Rental Property: $758.00
Total Monthly Payments: $2580.53. [...]
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Wow, I just scrounged up a draft of this post originally dated July 1. I guess I had admirable intentions of a timely update. I have been amazingly lazy about reluctant to post June’s numbers: Paying down debt just isn’t very exciting when you’re only making the regular payments.
I really can’t call this a snowball. [...]
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Hmm… Mid-June and I’m finally ready to talk about May? Yea. It’s been a few of those weeks.
Debt Update
Not very exciting. We’re in minimum mode right now. As in, just making minimum payments. Our debt snowball is just sitting there, in limbo. Waiting for a couple of major life changes (aka Selling a house and [...]
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Debt Payments in April: $2,580.53
Interest: $2,078.73
Principle: $501.80
Total Debt: $311,014.06
Second Mortgage: $31,482.99
Rental Mortgage: $108,899.92
Primary Mortgage: $170,631.15
*****
Our Debt Snowball is taking a breather. We made our regularly scheduled payments and nothing extra. And I’m okay with that. Instead of throwing snowflakes on the debt snowball, I am throwing as much cash as I can into our “Emergency [...]
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We have one more week of peace in this home before our house is officially on the market. I contacted a realtor through Dave Ramsey’s ELP (Endorsed Local Providers) program on his website and she came by this morning to check out the house. Overall, I was quite pleased and impressed with her, both personally [...]
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We paid off our consumer debt last month! Woo-hoo!
Oh, wait. Did I mention that already?
But we still have a boat-load of mortgage debt. Here’s the skinny.
Second Mortgage: $31,552.49
Primary Mortgage: $170,820.61
Rental Mortgage: $109,150.33
Total Mortgage Debt: $311,523.43
*gulp*
We are taking a brief hiatus on the debt snowball to build up some savings (beyond the $1000 emergency [...]
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February’s Progress
Debt #1 Original Balance (in May): $2260.17
Paid Off June 2009
Debt #2 Original Balance (in May): $6493.00
Paid Off August 2009
Debt #3 Previous Balance: $1,627.71
Paid $1,627.71
Paid Off!
Original non-mortgage Debt (in May): $19,375.72
Current Grand Total: $0.00!
Oh, but this isn’t the end! Folks, we will now be moving on to Mortgage Debt and all its dirty laundry: Primary [...]
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Yesterday I made the final payment on Debt #3, which was essentially our car loan.
Just as soon as I made it I started thinking about the next step:
ROTH contribution?
Build up Emergency Fund?
Start tackling the Second Mortgage?
It wasn’t until later that I started thinking… When was the last time we didn’t have a car loan?
Good Lord [...]
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