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Pay Yourself First! Today’s MoneyMondays tip.
Pay yourself first. Learn more about paying yourself first at www.pyfchallenge.com
Paying yourself first is a strategy used to make saving easier. We tend to think of bills as the first place where our money should go. The PYF philosophy is that you should automatically setting aside a certain percentage of each paycheck to put into savings, before you do anything else with your money. If you don’t pay yourself first, there will always be something that money could be spent on instead of saving it.
More about Paying Yourself First:
MSN MoneyCentral
Investopedia
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