Central and North Burnett Times - - DOMAIN -

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

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