The best piece of advice I have read lately said: Stay The Course.
Whatever your plan involves, in becoming a millionaire, or getting to a healthy/dream weight, or whatever your goal – stay the course.
I’m super psyched about this, because there are certain habits I know are IT for me. They work, they are part of my life, and I have to continue to STAY THE COURSE.
Instead of using cash for purchases during the month, we use the Amazon Chase Visa Credit Card. I get a statement credit at the end of the month, based on the total amount charged, pay off the credit card in full, and enjoy anywhere from $30-$90 reduction in my bill for the next month.
I use an Excel spreadsheet to track all of my incoming bills and income, so that I don’t miss paying any bills, and I forecast for two months out. I also keep a daily tally of our Chase credit card purchases, so I never withdrawal more than I actually need to pay my bills on time.
It would be awesome to have an emergency fund, but I am thinking of paying my mortgages ahead for 6 months, in the next few months – and that would be an INCREDIBLE emergency fund, as the mortgages would be paid up (and principle reduced), peace of mind would be had (in case anything did happen), and I could official say: We have an emergency fund.
Staying the course in management of money for your specific goal is so incredible important. I’m focus on this & going hard to reach 1M in Vanguard, and “Millionaire” status is attained!