Okay I realize that today is August 12 and not July 31 but I did update my Baby Step 2 progress on July 31, I just forgot to post a blog entry. We’re working on transitioning back into the school year and after school activities so the update just slipped my mind.
- January 1, 2010 – $70,744.32 (I admit to having this number memorized)
- January 31, 2010 – $66,775.51 (5.7% paid off)
- February 24, 2010 – $66,173.36 (6.5% paid off – we paid cash for a $10k air conditioning unit during February)
- March 23, 2010 – $64,857.78 (8.4% paid off)
- April 30, 2010 – $61,637.78 (12.9% paid off)
- May 15, 2010 – $59,907.40 (15.3% paid off – I measured this mid-month because we broke into the $50s!)
- May 31, 2010 – $52,466.34 (25.8% paid off – we cashed in a small non-retirement mutual fund account and my husband’s commission was larger than expected)
- July 5, 2010 – $49,672.57 (29.8% paid off)
- July 31, 2010 – $47, 342.92 (33.1% paid off)
I’m anxiously awaiting next week’s paycheck as we’re expecting both the fourth quarter commission payout as well as the end of the year commission payout on my husband’s paycheck. His company’s fiscal year ended on 7/31/10 and word on the streets is that the company had a stellar year and so we’re all expecting a higher than normal payout. I won’t know the exact figure until the paycheck hits the checking account (not good for someone as impatient as I am) but in true nerd-like fashion I’ve got a few different scenarios planned out depending on the amount of the final check. However, all of these scenarios involve dumping the entire commission check onto Baby Step 2. I hope that my August 31 update sees a big jump in percentage paid off! 
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