pay yourself first

Definition

Popular phrase used to describe what people should do to stay on track with saving money. Basically the first deposit out of a person's paycheck should be into a savings account or retirement account. This should be an automatic debit, so that you pay yourself before paying any other obligations.

Use pay yourself first in a sentence

The pay yourself first strategy was effective as saving the optimal amount of money is always a challenge for us.

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You had to pay yourself first before you paid other people because that would ensure that everything went more smoothly.

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After every paycheck I "pay yourself first ", I put a certain amount of money into my savings account for my future retirement.

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pay up payable