Pay yourself first

[freelancermaria]

When you prioritize paying yourself, your money is allocated toward investments or savings first. If we wish to later improve our finances, we have to do this. You fund your investments or savings account with a portion of your salary before covering your bills. Your savings serve as your fixed costs. If you want to quickly reach your financial objectives, you must remember to contribute money to your investments or savings. It assists you in avoiding squandering your hard-earned cash on pointless items.

 

[eLdavis]

True, like for does who are focused on saving, it's best you take out something for saving first before you think about Spending on bills and the likes.

 

[Kirubel]

A good businessman knows about this, but those who are not good don't know about it; they only think about paying for themselves, and they spend their money without investing and doing good things.

 

[Stardom22]

I agree with that point for sure. When you pay yourself you would have the flexibility of building your savings to whatever you may like.

 

[Augusta]

I do this a lot. I try to pay myself when I get money for my jobs before saving or dashing people money. it helps to motivate me.

 

[freelancermaria]

When you prioritize paying yourself, your money is allocated toward investments or savings first. If we wish to later improve our finances, we have to do this. You fund your investments or savings account with a portion of your salary before covering your bills. Your savings serve as your fixed costs. If you want to quickly reach your financial objectives, you must remember to contribute money to your investments or savings. It assists you in avoiding squandering your hard-earned cash on pointless items.

I do this a lot. I try to pay myself when I get money for my jobs before saving or dashing people money. it helps to motivate me.

Yes, that is a good habit. It helps to motivate us to save more money and achieve our financial goals.

 

[Augusta]

Yes, that is a good habit. It helps to motivate us to save more money and achieve our financial goals.

Yeah this is how to get yourself motivated you use money for yourself and it pushes you to do more.

 

[Suba]

@freelancermaria, I agree with you, it is our obligation to allocate salary income at the beginning, so that saving/investment allocation becomes the main priority in our financial life.

 

[Springtime]

When I receive my income, I usually pay the necessary bills first, such as internet, water and electricity. Otherwise, the service will be cut. After paying all these mandatory bills, I put a portion of my income into my fixed deposit account.

 

[King Belieal]

No matter the kind of projects that I am undertaking, it is better for me to set aside money for my needs and bills so that I don't fall into debts.

 

[Min George]

It is very important to make sure that you the business owner also pays yourself. You doing business should provide some substance to you.

 

[eLdavis]

As a business owner, you also have your needs, and even your wants. It's best to also pay yourself to sort out these things.

 

[Augusta]

That's right When you pay yourself you would have the flexibility of building your savings as well. so it's necessary