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.
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Investing Tips
Pay Yourself FirstPay yourself first. Figure out how much "disposable income" you have (once bills & basic necessities are covered). Then commit to saving a set amount each time you get paid. Keep it in a ... Read more
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Nearby Terms
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