Pay Yourself First

Here's another blog I read occasionally in which the author, Ramit Sethi, offers advice on money and investing:

"Pay yourself first. Figure out how much you're going to save each month, and treat it like just another bill. Seriously, in your budget, add an extra expense called "Saving" and pay yourself. If you can't pay yourself that month, then you have to either cut some costs or earn more money. This is easier than you think: You can instruct your bank to automatically withdraw a certain amount out every month."

My father always advised me of this, but it wasn't until recently that I actually started listening to him :) Think of your savings account like it's another bill that you have to pay.

Do you love yourself? Then pay yourself!

No comments:

Related Posts with Thumbnails