What is your most important bill?

Real Estate Broker/Owner with MBA Broker Consultants CalBRE Broker #00983670

Your mortgage and housing expenses are your #1 priority and more important than your other bills, especially consumer goods.

Your homeowner housing expenses include:

  • Mortgage (due monthly)
  • Property taxes (due twice per year)
  • Hazard insurance (due annually)
  • HOA fees (if applicable)

Stop and think about it.  What expenses should be paid first, above all others?  Your housing expense should always be paid before anything else because it is the roof over your head.  It provides shelter for you and your family.  It is the most basic necessity.

If you don't pay your mortgage (or rent), where are you going to live?  So do not jeopardize the security of your family’s home.  Always make sure your housing bill is paid on the first day of the month, before any other bills are paid.

Read more in our book, "Buy Your First Home", http://tinyurl.com/nrvmgc7.


Image courtesy of ddpavumba at FreeDigitalPhotos.net

Posted by

Regina P. Brown
Broker, Realtor®, M.B.A., e-Pro, GREEN
California DRE # 00983670


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Comments (4)

Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Regina - an execellent point for homeowners and those thinking of owning a home.  You must be able to pay those expenses first but have enough money afterward.

Feb 04, 2015 07:20 PM
Regina P. Brown
MBA Broker Consultants - Carlsbad, CA
M.B.A., Broker, Instructor

You're right Grant Schneider.  Thanks for dropping by and leaving a comment.

Feb 09, 2015 06:49 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Regina, Good advice for home owners and renters. Thank you for the post.

Feb 23, 2015 08:34 PM
Regina P. Brown
MBA Broker Consultants - Carlsbad, CA
M.B.A., Broker, Instructor

Gita Bantwal thank you for reading my blog.  Have a great week!


Feb 25, 2015 08:12 PM