Creating A Household Budget

February 24, 2017 12:43 pm

Fairway Mortgage Arizona | House Budget

Creating a realistic household budget is the best way to keep your finances in check. While there is no formula to creating the perfect budget, there are some budgeting blunders that you can avoid. By following these tips, you can make managing your finances simple and stress free:

Setting a budget that is too tight – Many expenses fluctuate from month to month. By creating a budget that is too strict, you could be setting yourself up for failure. Make sure that your budget is flexible enough to allow for any unexpected expenses.

Forgetting to log expenses – Sticking to your budget is almost impossible if you do not know where your money is going. For this reason, it is important to track every expense no matter how small or large.

Fairway Mortgage Arizona | House Budget

Ignoring your savings account – Including a savings contribution, as a monthly expense in your budget is a crucial component to ensure that you are saving money. Many banks allow you to automate a transfer to your savings account on a monthly or weekly basis.

Making your budget too complicated – If your budget is complicated or difficult to keep up with, you are less likely to use it. Try to simplify your budget as much as possible to make it easy to understand and use. There are many apps available that can help you simplify and follow your budget!

Your local Fairway Independent Mortgage Corp. Loan Officer is committed to working with you on your debt-to-income ratio as it pertains to an existing or new home loan. If buying a new home or refinancing your current home is one of your goals, I would love to help! Call me today to set up an appointment. I would be happy to discuss your finances and help you discover which home loan program is right for you.

Fairway Mortgage Arizona | House Budget

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About Fairway Independent Mortgage Corporation

Founded in 1996 by CEO Steve Jacobson, Fairway Independent Mortgage Corporation is a Top 10 ranked national mortgage lender. The company has more than 250 locations including several Arizona Mortgage Branches. At Fairway, customer service is a way of life. At Fairway speed of response is the goal, with some of the fastest turn times in the industry. The goal is to act as a trusted advisor, providing highly personalized service and helping through every step of the loan process. It’s all designed to exceed expectations, guarantee satisfaction and earn trust. For more information on Fairway Independent Mortgage Branches in Arizona, please visit our website at 

AZ Mortgage Banker License Number: 0904162

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Fairway Independent Mortgage Corporation
NMLS Entity ID # 2289

NMLS Consumer Access

4801 S. Biltmore Lane
Madison, WI 53718 
Toll Free: 866-912-4800 
Fax: 608-837-4723 



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