When you set your monthly budget, give yourself a weekly budget to avoid spending your entire monthly budget early in the month. If your budget is realistic and a bit of a challenge, there will times you go over due to unexpected expenses and seasonal increases in bills. Hopefully those months are offset by months you came in under your budget.

When you have some extra cash from your good money habits, here are some ideas on how to spend the money burning a hole in your pocket:

• Have some fun – you’ve earned it! Splurge for a change and do something you really enjoy or treat yourself to something nice
• Do something special for your children or spouse
• Make a larger payment toward your credit card bill to pay down your balance faster
• Start a savings account for a vacation
• Make a heavier contribution to your investment account
• Add it to an account to fund a new business venture or investment property
• Use it to beef up the college fund for your children
• Add the extra money to your mortgage payment, which can help pay off your mortgage faster and pay less interest

Millionaire Money Habit: Becoming wealthy does not mean being so frugal that you can’t enjoy life. You work hard to stay within your budget. Be sure to reward yourself regularly for reaching your goals and live a little.

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