Author Topic: Defeat the Net Debt  (Read 76197 times)

Dutch Comfort

  • Bristles
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  • Posts: 280
  • Location: Europe
Re: Defeat the Net Debt
« Reply #400 on: July 01, 2022, 02:05:52 AM »
Mortgage (EUR 313K)
Liquid Assets (without house value & company pension) EUR 62K

Net debt
July 2020 (EUR 314K) - started tracking
December 2020 (EUR 293K)
December 2021 (EUR 260K)

January 2022 (259K)
February 2022 (259K)
March 2022 (257K)
April 2022 (254K)
May 2022 (250K)
June 2022 (251K)

STRETCH Goal for 2022: (EUR 235K)

Yikes..... a backward move....... this is the stock market hit for this month. Hopefully some recovery in the 2nd half  of the year.

frugalecon

  • Pencil Stache
  • ****
  • Posts: 645
Re: Defeat the Net Debt
« Reply #401 on: July 02, 2022, 06:57:31 AM »
Mortgage (EUR 313K)
Liquid Assets (without house value & company pension) EUR 62K

Net debt
July 2020 (EUR 314K) - started tracking
December 2020 (EUR 293K)
December 2021 (EUR 260K)

January 2022 (259K)
February 2022 (259K)
March 2022 (257K)
April 2022 (254K)
May 2022 (250K)
June 2022 (251K)

STRETCH Goal for 2022: (EUR 235K)

Yikes..... a backward move....... this is the stock market hit for this month. Hopefully some recovery in the 2nd half  of the year.

Dutch Comfort,

You have made a ton of progress over the past two years, and now you are buying shares at lower prices that will have a higher return in the long run, speeding your defeat of your net debt!

TyGuy

  • Stubble
  • **
  • Posts: 229
  • Age: 28
  • Location: Oregon
Re: Defeat the Net Debt
« Reply #402 on: July 07, 2022, 01:33:49 PM »
Debts:
Mortgage: $229,989
Student Loans: $21,456 (Currently in Forbearance)


Assets:
Savings: $4,162
Taxable 1: $8,116
Taxable 2: $601

2021 Goal: (248K)
2022 Goal: (220K)


Net Debt: Dec 2020 ($261,341)
               Mar 2021 ($263,803)
               APR 2021 ($262,561)
               MAY 2021 ($261,245)
               JUN 2021 ($260,156)
               JLY  2021 ($258,370)
               AUG 2021 ($256,797)
               SEP 2021 ($255,099)
               OCT 2021 ($253,818)
               NOV 2021 ($250,668)
               DEC 2021 ($248,521)
               JAN 2022 ($247,168)
               FEB 2022 ($246,147)
               MAR 2022 ($244,574)
               APR 2022 ($243,102)
               MAY 2022 ($241,711)
               JUN 2022 ($239,338)
              JUL 2022 ($238,566)

Only contributed $100 this month to my "taxable 1" account due to a high, planned expense month. July should be a significant improvement!

Dutch Comfort

  • Bristles
  • ***
  • Posts: 280
  • Location: Europe
Re: Defeat the Net Debt
« Reply #403 on: August 01, 2022, 01:07:12 AM »
Mortgage (EUR 313K)
Liquid Assets (without house value & company pension) EUR 62K

Net debt
July 2020 (EUR 314K) - started tracking
December 2020 (EUR 293K)
December 2021 (EUR 260K)

January 2022 (259K)
February 2022 (259K)
March 2022 (257K)
April 2022 (254K)
May 2022 (250K)
June 2022 (251K)
July 2022 (251K)

STRETCH Goal for 2022: (EUR 235K)

Just happy that there was no backwards move. My decrease in cash funds (holiday and school supplies) was offset against an increase in investments. So no worries right now and I'm hoping for more market recovery and will continue my regular mortgage repayments and investments for the remainder of the year.

@frugalecon: you are right...... the fact that my mortgage is now lower than my total net debt only 2 years ago makes me feel proud!


Dutch Comfort

  • Bristles
  • ***
  • Posts: 280
  • Location: Europe
Re: Defeat the Net Debt
« Reply #404 on: September 01, 2022, 12:58:04 AM »
Mortgage (EUR 312K)
Liquid Assets (without house value & company pension) EUR 65K

Net debt
July 2020 (EUR 314K) - started tracking
December 2020 (EUR 293K)
December 2021 (EUR 260K)

January 2022 (259K)
February 2022 (259K)
March 2022 (257K)
April 2022 (254K)
May 2022 (250K)
June 2022 (251K)
July 2022 (251K)
August 2022 (247K)

STRETCH Goal for 2022: (EUR 235K)

Added 1 (small) savings account to the stash. So this accounts for the nice progress this month.
Still investing as usual, so hoping it will go up. But with the markets now, I have doubts that it will happen this year.

TyGuy

  • Stubble
  • **
  • Posts: 229
  • Age: 28
  • Location: Oregon
Re: Defeat the Net Debt
« Reply #405 on: September 07, 2022, 11:05:05 AM »
Debts:
Mortgage: $227,471
Student Loans: $21,456 (Currently in Forbearance; $20,000 will be forgiven later this year!!)


Assets:
Savings: $4,381
Taxable 1: $9,301
Taxable 2: $769

2021 Goal: (248K)
2022 Goal: (220K)


Net Debt: Dec 2020 ($261,341)
               Mar 2021 ($263,803)
               APR 2021 ($262,561)
               MAY 2021 ($261,245)
               JUN 2021 ($260,156)
               JLY  2021 ($258,370)
               AUG 2021 ($256,797)
               SEP 2021 ($255,099)
               OCT 2021 ($253,818)
               NOV 2021 ($250,668)
               DEC 2021 ($248,521)
               JAN 2022 ($247,168)
               FEB 2022 ($246,147)
               MAR 2022 ($244,574)
               APR 2022 ($243,102)
               MAY 2022 ($241,711)
               JUN 2022 ($239,338)
               JUL 2022 ($238,566)
               AUG 2022 ($237,196)
               SEP 2022 ($234,476)

Starting to make some bigger leaps forward! I will for sure reach my goal this year, as nearly all of my student loan debt will be forgiven! Hopefully I can reach my goal, even without the additional forgiveness funds!

Dutch Comfort

  • Bristles
  • ***
  • Posts: 280
  • Location: Europe
Re: Defeat the Net Debt
« Reply #406 on: October 04, 2022, 02:34:59 AM »
Mortgage (EUR 312K)
Liquid Assets (without house value & company pension) EUR 65K

Net debt
July 2020 (EUR 314K) - started tracking
December 2020 (EUR 293K)
December 2021 (EUR 260K)

January 2022 (259K)
February 2022 (259K)
March 2022 (257K)
April 2022 (254K)
May 2022 (250K)
June 2022 (251K)
July 2022 (251K)
August 2022 (247K)
September 2022 (247K)

STRETCH Goal for 2022: (EUR 235K)

No changes this month, although I put some extra money in savings. This was eaten away by losses on the stock market. Well...... buying stocks on sale and hoping for a nice rebound.....

TyGuy

  • Stubble
  • **
  • Posts: 229
  • Age: 28
  • Location: Oregon
Re: Defeat the Net Debt
« Reply #407 on: October 04, 2022, 11:04:01 AM »
Debts:
Mortgage: $226,205
Student Loans: $21,456 (Currently in Forbearance; $20,000 will be forgiven later this year!!)


Assets:
Savings: $4,591
Taxable 1: $9,437
Taxable 2: $636

2021 Goal: (248K)
2022 Goal: (220K)


Net Debt: Dec 2020 ($261,341)
               Mar 2021 ($263,803)
               APR 2021 ($262,561)
               MAY 2021 ($261,245)
               JUN 2021 ($260,156)
               JLY  2021 ($258,370)
               AUG 2021 ($256,797)
               SEP 2021 ($255,099)
               OCT 2021 ($253,818)
               NOV 2021 ($250,668)
               DEC 2021 ($248,521)
               JAN 2022 ($247,168)
               FEB 2022 ($246,147)
               MAR 2022 ($244,574)
               APR 2022 ($243,102)
               MAY 2022 ($241,711)
               JUN 2022 ($239,338)
               JUL 2022 ($238,566)
               AUG 2022 ($237,196)
               SEP 2022 ($234,476)
              OCT 2022 ($232,997)

Should really start to see progress with the next posting as I will max out my 401k this month and my second check for October will not have the deduction, allowing me to add the difference to my taxable account!

 

Wow, a phone plan for fifteen bucks!