Before starting to make overpayments on the mortgage, it’s essential to get an overview of exactly where you are financially. That’s why you need to begin with a budget. Yes, it can be exciting to rush in and throw extra money at the mortgage every month, which is what I did. But without a thorough understanding of your spending, you might end up overpaying and leaving yourself in a financially sticky situation. It’s all about balance and you can’t achieve that until you know where your money is going. To find out more, read on…
