Too often finance pieces drone on and on about “cutting back” or starting a budget when it comes to expenses but that advice clearly doesn’t work. If it did, then everyone would be happily spending within their means and having tons of left over money to invest or kill their mortgage with. Instead lets save money and have fun!
I read a funny opinion the other day. Whilst I’m paraphrasing a little here, it basically stated that before you buy your first house you should have a 20%+ deposit plus also ensure that the minimum loan repayments don’t exceed 30% of your take home pay as otherwise this will put you under “mortgage stress”. This … Read more
So a comment to a previous post came up requesting I “run the numbers” for a slightly different situation than normal. As you can no doubt tell from the title of this post, we’re using the example of a lower than “average” Australian income as well as the dreaded, always hideously expensive child! On the plus side … Read more
This is an extremely detailed series of posts that applies not only to First Home Buyers, but also to existing home-owners. The point is to cover the most major expenses and how to make sure that your mutilation powers are at their highest with all of them. You want details? Read these! This is a highly varying … Read more
Today I thought I’d cover one of the biggest pitfalls I see almost everyone do daily but that no one ever discusses. Being frugal with your money while completely ignoring your mortgage payments.
Save $100,000+In Interest Step-By-StepInstructions Automates YourMortgage Lifetime AccessVideos & eBook Really great content that goes into lots of detail and has heaps of stuff I’ve never been told about before, like the section on being properly motivated!! – Kat I found this course over three years ago After plugging in the numbers, I saw that … Read more
Yes that’s right! You get to spend money AND mutilate that mortgage! How? You get specific… REAL specific, but I’ll get to that in a second. The picture above is one I took just a few weeks ago whilst touring abroad in Oia, Santorini, Greece. Oia, as you can no doubt tell, is a beautiful … Read more
How do you pay off a mortgage in 5 years? When we first started with our home loan I didn’t have much of an idea what to expect. I didn’t have any specific type of “plan” to follow besides the social default of pay it off for 30 years. It took me quite a while … Read more