James Whitener

Arizona Loan Officer

  • Home
  • About
    • About James
    • Accessibility Statement
  • Reviews
    • Read My Reviews
    • Leave a Review
  • Blog
  • Resources
    • Closing Costs
    • Home Appraisal
    • Home Inspection
    • Loan Checklist
    • Loan Process
    • Loan Programs
    • Mortgage FAQ
    • Mortgage Glossary
  • Apply Now
  • Partners
  • My App
  • Contact

Five Tips for Managing Your Monthly Budget to Ensure Your Mortgage is Paid On-Time, Every Time

July 8, 2020 by James Whitener

Five Tips for Managing Your Monthly Budget to Ensure Your Mortgage is Paid On-Time, Every TimeHomeowners who are struggling to make their monthly mortgage payments can make it easier on themselves by cutting costs in other areas. Learning how to budget effectively will likely enable homeowners to pay their mortgage payments on-time, every time. Here are five of the best budget tips:

Conserve Energy

It is advisable to be mindful of energy use in order to keep utility bills down to a minimum. Lights, televisions and other devices requiring electrical power are best to leave off in unoccupied rooms. It is also a good idea to make sure that windows and doors are properly sealed so that energy is not wasted.

Stay Committed to Couponing

All too often, coupons that arrive in newspapers or through emails are quickly discarded. Collecting coupons from various sources can give homeowners the chance to save big on groceries, entertainment and other everyday purchases. Some of the savviest consumers have been known to spend practically nothing on their purchases by simply staying committed to the art of couponing.

Watch Credit Card Usage

Having a credit card often creates a false sense of financial security. Many card holders are tempted to charge their credit cards up to their limits only to be burdened with high interest rates and inflated minimum payments. Credit cards are best to use only in times of emergencies.

Consider Alternative Transportation Methods

Fuel costs, auto repairs and other expenses associated with driving a vehicle on a frequent basis can make it much harder for homeowners to stay on top of their mortgage payments. People who have access to adequate public transportation may be able to significantly reduce their commute costs. Car sharing services give people the opportunity to use a car on an as-needed basis and often prove to be a smarter alternative to owning a vehicle.

Keep Expense Records

It can also be easier to set money aside for mortgage payments if expenses are carefully monitored with a detailed eye. It is best to closely scrutinize receipts, bank statements and other financial documents for any discrepancies. Keeping track of expenses on a spreadsheet so that all financial information is clearly displayed may be another practical idea.

Smart budgeting practices can help homeowners save the extra money they need to pay their monthly mortgage payments before each due date passes. Contact a local mortgage professional to learn more clever ways to manage money while trying to pay on a mortgage.

Spread the Love!

Filed Under: Home Mortgage Tips Tagged With: Mortgage Financing, Mortgage Tips, Paying Your Mortgage

James Whitener

Contact James


Loan Officer
CALL 602.622.6514
Fairway Independent Mortgage Corp
James Whitener NMLS #1648336
AZ License #LO - 0943535
Company NMLS #2289 | AZ License #BK-0904162


GET A RATE QUOTE
DOWNLOAD MY APP

Let’s Keep In Touch!

  • This field is for validation purposes and should be left unchanged.

Sign Up For My Newsletter!

  • Home
  • About
  • Reviews
  • Blog
  • Resources
  • Apply Now
  • Partners
  • My App
  • Contact
Equal Housing Lender

NMLS Consumer Access
James Whitener – Loan Officer
20359 N. 59th Ave, Suite 100
Glendale, AZ 85308
602-622-6514 | James.Whitener@FairwayMC.com

NMLS # 1648336 | AZ License #LO – 0943535
Company NMLS #2289
Privacy Policy | Terms of Use

Complaints may be directed to: (877) 699-0353 or Email us: customerservice@fairwaymc.com.
The content on this website is written by James and reflects his opinion, and not the opinion of Fairway Independent Mortgage Corporation.

Return to top of page

Copyright © 2021 James Whitener. All rights reserved.   Log In