If you followed only one financial tip, the most beneficial would be to pay yourself first!
This means the first bill you pay should be your savings, which is the most important step toward building a solid financial foundation.
If you followed only one financial tip, the most beneficial would be to pay yourself first!
This means the first bill you pay should be your savings, which is the most important step toward building a solid financial foundation.
Most people try to save what is left over each month, but after paying the bills, there never seems to be anything left.
This is why it is so important that the first bill you pay each month is to yourself. If you save a fixed amount each month, or out of each paycheck, you will be amazed at how you still have enough left over to pay your bills. So how do you pay yourself first?
Paying yourself first provides a financial cushion.
In other words, you’re building your savings, which in turn can help when unforeseeable expenses arise. On a happier note, paying yourself means you can save for that much-needed vacation or some other goal you’ve been dreaming about.
In the beginning, it’s not important how much is withdrawn—it’s just important to get started.
It’s also essential to understand which vehicle is best for holding your savings. Different methods cater to different needs, so be sure to discuss your particular situation with your personal Money Coach. Together, you can figure out how much money can be set aside while still having enough to meet everyday expenses. You can talk to your Money Coach at 888-724-2326.
Get started! You’ll be surprised by how fast your savings grow!