The Concept of Pay Yourself First

The Concept of Pay Yourself First

The Concept of Pay Yourself First

The Concept of Pay Yourself First

I am not sure who coined the term, but as I read the book “The Richest Man in Babylon” I kept hearing the phrase “Pay yourself first.”

At the end of the month, you check your balance sheet, and you find that you just do not have much money at all. This happens every single month.

Pay Yourself First

When It comes to paying yourself first, you need to set aside the amount of money you want to save then put it away and not touch it. This is quite easy to do.

Automate your Savings

We are so programmed to spend that we often forget to save. If you can set-up automations with your bank account you can then set it up to invest for you.

Increase those Savings

All of sudden you are saving 10-20% of your take home pay, and the future is looking quite bright.

Stop waiting, Start Doing

You can do it, but the time is not there for all of it to grow. Lifestyle changes need to be met.

The Frugal Expat Saves

If you can cut your costs your savings rate will boost, and before you know you will be looking at your finances and realize “paying yourself first is a great way to save money.”

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Swipe up to learn more about  The Concept of Pay Yourself First