What is your single biggest monthly expense? Some feel that their student loan is it. Others feel they overpaid on their car. Others believe that their credit cards are consuming them. While all of those are reasonable answers, the truth is people’s single expense monthly is their mortgage.
Many homeowners today do not think of their home as their single biggest expense. They see it as a part of life. While that is true, why have your single biggest expense for 30 or 40 or in some cases 50 years!! Let’s break it down: