Debt Reduction Ticker Question - what to include?

iVillage Member
Registered: 05-09-2002
Debt Reduction Ticker Question - what to include?
15
Tue, 01-10-2012 - 9:29pm

Hi all,

I like your debt reduction tickers.

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iVillage Member
Registered: 05-09-2002
Thu, 01-12-2012 - 2:35pm
Thanks and I get assets - liabilities part in general but I need help on this: i'm not sure how to do our house. We owe less than it is worth by about 60k, so is that 60k an asset and our mortgage a liability? If so, I assume I should charge the 60k against the amount of our mortgage to get the net liability of the house? Thanks!
iVillage Member
Registered: 05-09-2002
Thu, 01-12-2012 - 2:36pm
yay for 110 weeks!!!! I am very happy to hear all is well with your heart now. That must have been very, very scary. I wouldn't worry about the unsecured debts getting 70% or whatever. You are still paying!!! They are getting something. :)
iVillage Member
Registered: 05-09-2002
Thu, 01-12-2012 - 2:36pm
aha!!!! Will try this now thank you! Worried I'll have a way negative net worth if that is even possible hahaha.
iVillage Member
Registered: 11-14-2008
Thu, 01-12-2012 - 3:07pm
Its possible but as you work at it, it changes and that is the motivational part.
iVillage Member
Registered: 05-09-2002
Thu, 01-12-2012 - 7:31pm

I was actually quite surprised in a good way.

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