Are you concerned that your savings accounts are empty at the moment? Do you wonder what will happen if something goes wrong and you need a cash fast? Maybe you were involved in an accident, and now you can’t work for a few months? Perhaps your home suffers severe weather damage, and you need to fix the roof to make the house inhabitable again.
Having a mortgage is a normal part of adult life, as most people have to use this financial service if they want to buy themselves a home. Property is expensive, and it can seem nearly impossible to save for something like this when you’re having to pay rent, making it a challenge to afford a house in cash. We get it.
However, once you have your mortgage, though, you will have the chance to start paying it off. To help you to do this as quickly as possible, here are 5 tried and true tips to help you pay down your mortgage as soon as you possibly can.
Most of us, at some point, are going to have to deal with debt. Yet, as we talk about in this article on Money Disorders, there are some who have gotten to the point that their debt is not a temporary trouble, but a long and sustained battle that only gets worse with time. This is known, most commonly, as the debt spiral and it’s a growing problem in a tough economic climate.
Have you ever taken a financial or budgeting class? Maybe as part of your church or through a budgeting program that you paid for?