pay yourself first
Save before spending
Pay yourself first is a personal finance principle: before paying bills or spending on anything else, set aside money for savings or investments.
The idea is that treating savings as a non-negotiable expense—like rent—ensures it actually happens.
I pay myself first by having 10% automatically transferred to my retirement account each payday.
- savingsAccumulated money kept
- savings accountInterest-bearing bank holding
- budgetPlan for spending
- automaticOperating without intervention
- direct depositFunds sent to account automatically
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pay yourself firstliving paycheck to paycheck
Earning only enough for immediate expenses
lifestyle creep · keeping up with the Joneses · instant gratification · retail therapy · conspicuous consumption
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