So, down the homestretch of this year, and as I barrel towards making 50% before this year is out, I will have to change how I have been spending.
Spending less is one obvious way, but in order to do that, I will be returning to an old, yet effective solution . . . my wallets.
I will enact what spending I have to on payday, but otherwise I will spend what I must out of my wallets and pay cash for it.
Then on payday I will put the cash back into the wallets.
This way I can keep a greater control over what I spend and what goes into savings.
It is far too easy to just “put it on a credit card” knowing that I will pay it off next payday.
I do, my credit cards are kept at a zero balance, each and every payday, as I refuse to carry a balance.
Yet as I do that, it steadily eats away at what I can put into savings.
People look at me and some say “what a nice bit of savings you have” I simply reply that my money, my savings does not belong to me, it belongs to the future.
It is not available now, it is put away so I can build my homestead and have a nice, sustainable life and help others.
I do what I do for the future, not for the now. If I were living for the now I would buy a condo or some other place and just have a nice life now as I try to pay it off before retirement.
I want land and I want space, and I don’t want to have debt when I do.
Thus, I will need to put as much into savings as I can now, so I can get there sooner. Thus, I will turn to my wallets.
As always: Keep your head up, your attitude positive, and keep moving forward!