You know how it goes. Everything is chaos, the car’s just broken down, and you’re not sure that you can cover the expense, while also paying the rent, and still managing the family vacation later in the month. Then there’s that debt you’ve been struggling to pay off for some time, and you’ve been meaning to get a handle on your finances, but looking through the backlog of your bank statements from the past 6-months is driving you insane…
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.
You can’t make an omelet without cracking a few eggs. The same goes for working, as you cannot make money without spending it. Everyone loses money on their way to work.
Facing a personal financial crisis can be scary. Even if you have savings to help you out, you start to wonder just how long they’re going to last you. Whether you have high and unexpected expenses or you’ve lost your job, you need to find ways to survive until you’re able to get things back to normal.
It’s not the past that defines us; what defines is how we strive to put the past behind us. If you are in a financially messy state (really, who isn’t?), then it’s tempting to lament the decisions that lead you to that position. But really, what does that get you? You’ll be in a looping guilt trip, and all the while, you will be doing nothing to ensure you’re able to move toward reaching your financial goals. Let’s look to creating change instead. It’s much better to adopt a can-do mindset, and tackle any issues head-on. Here’s how you do it.
I just saw a blog titled “I paid off $50,000 of debt in 2 months and here is how I did it.” I think I gagged a little at how out of this world their claims are as I rolled my eyes. Yeah, we aren’t there yet either, so let’s celebrate the little steps of victory instead…