More ways you can save

● Set a goal to repay your mortgage off five, 10 or 15 years early, and use free online calculators to work out what’s required.

● Do a spending stocktake to find spare cash for the mortgage – every dollar helps.

● Have extra repayments automatically transferred from your bank account to your mortgage each payday.

● Try to round up your mortgage repayments to the next $100 round figure.

● If you come into extra cash, avoid splurging and instead pump the lump sum off your home loan.

● If you are disciplined, take advantage of interest-free periods on credit cards by putting household spending on the card then leaving the repayment money in an offset account until the interest-free period ends.