While I laud anyone who takes steps to keep their spending enough below their income to be able to pay off consumer debt, build an emergency fund, and save for financial independence (I dislike the concept of retirement), there are two things I’d push against.

First, if you become overly frugal, you may be setting your self up for falling off the wagon and living for the here and now rather than balancing your future self’s needs with your current wants.

Second, prepaying your mortgage principal (unless you can afford to and it makes sense for your specific situation to pay it off in full immediately) is a really bad idea for almost everyone, despite what the likes of Dave Ramsey try peddling.

Why Prepaying Your Home Mortgage Is Almost Always a Terrible Idea