Rockhampton Aussie franchise manager Michelle Ryan’s tips for managing a mortgage.
Know your finances and control your spending
Complete a strict budget and be honest with yourself – Ask yourself the question: what are you spending your money on?
Know what you can afford to spend and spend only that.
automatically Direct debit your save,” extra Ms payments Ryan said. weekly, fortnightly or monthly so you
“Make it a personal won’t forget to pay goal to pay off as much Regular salary deposits as you can afford.” If you’re double income, you could dedicate one income to paying off the loan.
Apply for a promotion / increase your skills to increase your earning potential and pay the extra into the loan
If you come in to an extra money(eg Tax cheque/ Family inheritance), pop it into the loan as an extra payment