Hello! Hello! Is anyone out there?! Lol. The last time we did a mortgage payoff plan blog post update was back in quarter 2. And yet, here we are in January of 2021. We have a lot of catching up to do, so let’s get started.
Instead of doing a quarter three blog post, quarter four blog post, and a 2021 mortgage payoff goals blog post, we’re just going to discuss everything in this post. So buckle your seat belt and get ready for this ride!

Quarter 3: Jul – Sep 2020
The Numbers
We started off quarter three with a mortgage balance of $83,210.78. We were still chugging along in this quarter. Our progress was slower because we still weren’t putting any of the RSUs towards the mortgage. But as usual, some progress was better than no progress. We continued to stick with our 70/30 plan and were able to meet the following numbers for the third quarter of 2020 (Jul – Sep):
** 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.
July
- Principal = 932.13
- Additional = 661.41
- Total: 1593.54
August
- Principal = 935.80
- Additional = 681.44
- Total: 1617.24
September
- Principal = 939.89
- Additional = 266.07
- Total: 1205.96
At the beginning of 2020, our principal balance was $99,507.37. At the end of the third quarter, our principal balance was $78,794.04. We paid off $4,416.74 in this quarter.
Our goal for the year was to pay off $37,000 of our mortgage principal. After this quarter we were at 51% of our goal!!
Our Visual
Not only did the third quarter bring us to reaching 51% of our goal, it also brought us a new mortgage payoff chart. This was due in part to the fact that I (Kim) wanted something that we would be able to frame. I mean, paying off the mortgage is a pretty big deal and I wanted a pretty picture. Lol. Since we had started literally blacking out the other chart, that wasn’t really going to work in a frame for me personally because it would’ve just been a black rectangle. So I made us a new one, brick by brick! Haha.
Quarter 4: Oct – Dec 2020
The Numbers
Quarter four. Quarter four. Let us just cut to the chase. Quarter four was awesome for us! This was largely due in part to the RSUs. See, we had stopped cashing them out for awhile, but then when the price was right again, we started cashing them out again. However, we weren’t comfortable with putting the money towards the mortgage. That was until October came around, and we were both like, “It’s time.” We also cashed out some in November and had a 3-paycheck month in December. So without further adieu, here are the numbers for quarter four of 2020 (Oct – Dec):
** 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.
October
- Principal = 978.65
- Additional = 1218.04
- RSUs = 15,139.98
- Total: 17,336.67
November
- Principal = 986.26
- Additional = 416.04
- RSUs = 2032.96
- Total: 3435.26
December
- Principal = 995.13
- Additional = 2519.61
- Total: 3514.74
In the fourth quarter, we paid off $24,286.67! At this point, you’ve probably already figured out that we met our goal of $37k for the year, which we definitely did. However, when we originally made our goal, it was two-fold. First, we hoped to reach $37k. If so, then we hoped to reach $45k. And $45k is exactly what we reached!! We met our stretch goal!
Our Visual
For quarter four, we were able to color in on our new tracker all 3 months. Over the 3 months, we were able to color in a total of 20 rectangles! And this put our mortgage balance for the end of 2020 at $54,507.37.
2021 Mortgage Payoff Goals
Hopefully, you’re still here now that you’ve read through all of what happened in quarters three and four. If so, we’ll get straight to the point of what our goal is for 2021.
Our goal for 2021 is to pay off our mortgage!
Yes, you read that correctly. We are aiming to pay off $54,507.37 in 2021. That’s $9,507.37 more than we paid off in 2020. However, we’re going to find that money, and we’re going to make it happen!
Final Thoughts
There was a time when we weren’t sure if we would even meet our mortgage payoff goal for 2020. However, the year wrapped up nicely for us, and we’re so happy that it did. We don’t take any of it for granted, especially considering all that went on in 2020.
In regards to our mortgage payoff goal for 2021, we’re excited to knock this goal out of the park! Stay tuned!
Your diligent hard work is paying off. You guys are the best. Blessings always!
Thank you, Ms P!
This is wonderful news guys! Congratulations on exceeding your payoff goals for 2020. The year 2020 has been a blessing and manifestation period for some us and a year of hardships for others. I am glad to hear that my faith for you guys exceeding your expectations came true. I am super proud of you both for your hard work, dedication and discipline. Also, I want to thank you both for continuing to pay it forward and helping guide others by showing them how you guys decided to work towards becoming debt free. Our payoff methods may differ from family to family and individual to individual. We are continuing to walk with you both in our goals of becoming debt free fully and one day our mortgage would be paid off as well. It feels great to only have our mortgage left to payoff. Debt free scream here we come.
Thanks, Katrice! We’re happy to pay it forward and serve as inspiration to others that it’s definitely possible!