Monthly Updates

Debt Payoff Report: Month 13

I’m a total summer girl.

I wish it could stay summer forever in east Tennessee.

While my friends look forward to the season of shorter days, cooler weather and pumpkin spice everything, I mourn the end of our hot, steamy weather. The sounds of the cicadas and the flashes of lightning bugs. Sundresses.

But I’m okay with it this time around.

See how this couple did during their 13th month of their journey of paying off their mortgage.

Though the end of September does close out my favorite part of the year, it also brings an end to 75% of our journey.

We are officially in the final quarter!

If this is your first visit to my blog, I’ll give a quick recap on our goal, our current progress and how we are accomplishing it. (You can also check out my very first post here!)

GOAL (Start Date: September 1, 2016)

Pay off our mortgage in two years or less.


Paid Off: $54,257.04

Balance: $22,878.68


Our monthly budget is based off of my income, and the standard monthly mortgage payment comes from it. Every cent of my husband’s income is used as mortgage principal, as well as any extra money that finds its way to us.

My mortgage was originally $90,000 when I bought our home as a single woman in December, 2013, so we have paid off $67,121.32 to date.

At this point, we are expecting to be done with this goal by February 2018.

We were previously hoping that it would be December 2017, a clean four year pay off. However, tickets for the FIFA World Cup went on sale a littler earlier than anticipated, and we will need a decent chunk of money if we are able to land tickets. (Wish us luck!)

Alright, guys. It’s go time! Let’s see how fast we can knock out this final 25%.

[Edit: We did it; we’re 100% debt free! Check out my very last mortgage post here.]

Be sure to follow my progress on Instagram, where I update our progress at least twice per month.

And as always, please share using the social media icons below!

We paid off $3,149.59 in mortgage principal this month by altering Dave Ramsey's baby steps. Find out how!We paid off $54,257.04 in mortgage principal in 13 months by altering Dave Ramsey's baby steps. Find out how!

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  1. Awesome job!

    Our mortgage is sitting at ~$250k (but home is worth ~$550k), so I’m definitely jealous of the more reasonable home prices in your area 🙂

    That is going to be absolutely amazing to be free of a mortgage and SOON.

    1. Thanks so much! I never knew of such higher home prices until creating my blog last year and meeting so many people with their own goals. $550K would get you a mansion where I live!

  2. Ours is a 1350 SF home built in the 1960s. We’re just lucky we bought before our housing market went absolutely nuts.

    A new 18 home community is selling down the road from us – starting from the $1,000,000s 😂

  3. Impressive!! I started paying off my mortgage early when the economic crisis hit my business hard and I had to struggle to pay even the principal on my mortgage of well over 400k (euro :|). It took me a couple of years to pay off 70k, and then I sold the house, since it was way too big for me anyway. Now I’m saving up for a new house (whilst living with my boyfriend in his house), so when we find something for the both of us, a mortgage will hopefully not be necessary!

  4. Well done mate you’re smashing it xxx

    1. Thank you!! Almost there.

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