Paying yourself first is one of the most powerful and underappreciated techniques for strengthening your personal financial situation. When you “pay yourself first” you treat your savings goal as another bill that must be paid each month, along with your mortgage or rent, your utilities, your car payment, etc.
The reason for approaching savings in this manner is because that it helps overcome the temptation to make your savings an afterthought which, unfortunately, happens far too often. If you’re not currently following this strategy, or you’re finding it difficult to make it work, then you may want to consider setting... Articles Tagged ‘pay yourself first’
Set Up a New Savings Account and Begin to Pay Yourself First
Paying yourself first is one of the most powerful and underappreciated techniques for strengthening your personal financial situation. When you “pay yourself first” you treat your savings goal as another bill that must be paid each month, along with your mortgage or rent, your utilities, your car payment, etc.
The reason for approaching savings in this manner is because that it helps overcome the temptation to make your savings an afterthought which, unfortunately, happens far too often. If you’re not currently following this strategy, or you’re finding it difficult to make it work, then you may want to consider setting...
Wednesday, September 10th, 2014
Paying yourself first is one of the most powerful and underappreciated techniques for strengthening your personal financial situation. When you “pay yourself first” you treat your savings goal as another bill that must be paid each month, along with your mortgage or rent, your utilities, your car payment, etc.
The reason for approaching savings in this manner is because that it helps overcome the temptation to make your savings an afterthought which, unfortunately, happens far too often. If you’re not currently following this strategy, or you’re finding it difficult to make it work, then you may want to consider setting... How to Jump Start your Savings in 2014
Performing a regular financial audit on yourself and your household from time to time can be quite valuable. Without knowing your current financial situation, or how much progress you’re making toward your long term goals, there’s no way to know if you need to refine your financial strategies.
One key element of your personal financial audit is to evaluate your current savings practices. Unless you have money saved, and have developed good habits for continuing to do so, it will be difficult to maintain any significant measure of financial stability.
While it can be challenging to adjust to a new savings...
Tuesday, December 17th, 2013
Performing a regular financial audit on yourself and your household from time to time can be quite valuable. Without knowing your current financial situation, or how much progress you’re making toward your long term goals, there’s no way to know if you need to refine your financial strategies.
One key element of your personal financial audit is to evaluate your current savings practices. Unless you have money saved, and have developed good habits for continuing to do so, it will be difficult to maintain any significant measure of financial stability.
While it can be challenging to adjust to a new savings... Saving Money: Save 10% of Your Salary and Watch Your Savings Grow
One long-established piece of personal financial advice is that you should save 10% of your salary or wages each and every time you get paid. The idea is that by “paying yourself first” you won’t have to scramble to find money at the end of each month to deposit for savings. Instead, you’ll fund your savings before any other spending decisions or choices are made.
The earlier you can begin implementing this rule, the better. If you’re not already doing so, make every effort to begin with your very next paycheck. Even relatively short term consistent savings can add up....
Tuesday, February 14th, 2012
One long-established piece of personal financial advice is that you should save 10% of your salary or wages each and every time you get paid. The idea is that by “paying yourself first” you won’t have to scramble to find money at the end of each month to deposit for savings. Instead, you’ll fund your savings before any other spending decisions or choices are made.
The earlier you can begin implementing this rule, the better. If you’re not already doing so, make every effort to begin with your very next paycheck. Even relatively short term consistent savings can add up.... Paying Yourself First – The Key to Saving Money
There are many different ways to build your savings and secure your financial future. Reducing your highest interest debt before paying down other debt, setting and sticking to a budget and reducing unnecessary costs are all important pieces of meeting your financial goals.
One concept that isn’t quite as well known, but which is very effective (as well as being very easy) is the idea of “paying yourself first.” The basic idea is to characterize your savings or investment plan as a “bill” that needs to be paid just like any other.
Below is banking advice you can use to...
Friday, December 16th, 2011
There are many different ways to build your savings and secure your financial future. Reducing your highest interest debt before paying down other debt, setting and sticking to a budget and reducing unnecessary costs are all important pieces of meeting your financial goals.
One concept that isn’t quite as well known, but which is very effective (as well as being very easy) is the idea of “paying yourself first.” The basic idea is to characterize your savings or investment plan as a “bill” that needs to be paid just like any other.
Below is banking advice you can use to... How to Save $1,000 This Year Without Stress
Having a savings account is absolutely vital for your financial health. You must protect yourself and your family from financial emergencies. If your family suffers a pay cut or layoff, having money in savings will be invaluable. The same is true if you have an unexpected need for vehicle repairs, home repairs, or medical bills in the future.
Start a savings fund today. Start as small as you need to, and just let your emergency fund grow over time. It may seem tedious and overwhelming to add to your savings if you're living paycheck to paycheck, but it is possible....
Wednesday, December 1st, 2010
Having a savings account is absolutely vital for your financial health. You must protect yourself and your family from financial emergencies. If your family suffers a pay cut or layoff, having money in savings will be invaluable. The same is true if you have an unexpected need for vehicle repairs, home repairs, or medical bills in the future.
Start a savings fund today. Start as small as you need to, and just let your emergency fund grow over time. It may seem tedious and overwhelming to add to your savings if you're living paycheck to paycheck, but it is possible.... 
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