Hey there! It’s been a minute. A busy minute at that. With so much going on in the world today on top of trying to keep two little ones entertained during this pandemic, we haven’t written anything in a minute. Outside of what was just mentioned, the other reason we haven’t written anything on here is because we want to make sure that whatever we share is either useful, inspiring, or even something fun. And with all that’s been happening, we just haven’t really been sure what to share in this space per se. Or at least from a blogging perspective where what we tend to share is on the longer side when it comes to words. We have been active on IG as time permits, so you can always check us out over there at @thinkingofsomeday if you’re ever wondering what we’re up to if we haven’t posted anything here in awhile.
However, we’re back today with our quarter two update for our mortgage free journey. So let’s get to it!

The Numbers
In quarter two of this year we still tried to chug along. It hasn’t been as thrilling since we aren’t cashing out the RSUs. However, some progress is better than no progress. And we’re glad that we came up with our 70/30 plan because during this time a lot of people have halted their mortgage payoff journeys, but we felt comfortable with continuing ours since only 30% of our left over money is going towards the mortgage. With that being said, here are the numbers as follows for the second quarter of 2020 (Apr-Jun):
** note: Principal refers to the regular part of our payment that goes towards the mortgage principal. Additional refers to any extra money from our budget unless otherwise stated.
April
- Principal = 919.77
- Additional = 418.92
- Total: 1338.69
May
- Principal = 924.13
- Additional = 1079.52
- Total: 2003.65
June
- Principal = 928.40
- Additional = 234.92
- Total: 1163.32
At the beginning of 2020, our principal balance was $99,507.37. At the end of the second quarter for 2020, our principal balance is now $83,493.78! We only paid off $4,505.66 this quarter as compared to $11,507.91 last quarter. That’s a huge difference mainly due to not cashing out RSUs as well as getting a tax refund. However, we’re still proud of our progress in spite of. Our goal for the year was to pay off $37,000 of our mortgage principal. We are currently at 43% of our goal for the year. Sooo close to 50%!!
Our Visual
We were only able to color 1 line in quarter two. But we were still thrilled about that 1 little line that indicated we were below $85k.
Final Thoughts
While our mortgage payoff progress is still being slowed up by not cashing out the RSUs at this time, we’re still happy that we’re able to at least do our 70/30 split. Hopefully we’ll still be able to reach our goal for the year of paying $37k towards the mortgage principal
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