Personal Finance 101–Save 4 Yourself 1st!
Putting money into savings and investment vehicles first before paying other expenses is another way to reach financial goals. Dave Chilton author of the “Wealth Barber” made the phrase “Pay Yourself First” popular and helped many people save money.
We can be more successful in achieving our goals by including the following while balancing the budget:
A. Treat the financial costs of achieving our goals as expenses.
B. Prioritize these special expenses.