What does "Pay Yourself First" mean when it comes to saving?

Pay all of your bills first and if you have extra money, then consider putting it in a savings account

Each time you get paid, set aside money for savings before making any purchases

Keep all of your money in just one account so it's easier to manage

Prioritize your wants and flexible spending over all other types of spending

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30 January, 09:02

What does "Pay Yourself First" mean when it comes to saving?

Pay all of your bills first and if you have extra money, then consider putting it in a savings account

Each time you get paid, set aside money for savings before making any purchases

Keep all of your money in just one account so it's easier to manage

Prioritize your wants and flexible spending over all other types of spending

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Lucero · Answer 1

before you pay your bills, before you buy groceries, before you do anything else, set aside a portion of your income to save. Put the money into your savings account.