“Pay Yourself First” – Your Savings Mantra

Focus on You. Pay Yourself First.

Have you ever thought, “I’ll pay all of my bills and save what’s left”? Well, how much was left? When we wait to save until the end of the month, we usually learn that we have more month than money and there is nothing left. We challenge you to commit to paying yourself first.

“Pay yourself first.” We hear it all the time, but what does it really mean? Most of us have thought about saving more or saving more regularly, but how many of us really save before paying our bills?

A Habit of Saving

Paying yourself first means that before you pay anyone else, including essential living expenses, put money in your savings account. This really is the “golden rule” of personal finance. The amount you save isn’t as important as the habit you create.

The Power of Automatic Transfers

Make saving your priority by setting up an automatic transfer each month. An automatic transfer to your savings account is a perfect way to create a habit of saving AND put yourself first in your financial life. For example, you can set up with your bank an automated weekly transfer of $5 every week to your savings account.

To learn more about what it means to pay yourself first, check out this video.

Take Charge of Your Savings
Earn rewards for creating a brighter future
Sign up to save more

Recommended Articles

Say this, save money: negotiating rent with confidence

With prices climbing across the board – from groceries to gas to car payments – rent increases can feel like the final straw. Here’s the good news: if you’re a responsible tenant with a solid rental history, you may have more negotiating power than you think. Let’s walk through how to ask for a rent… Read more

Resources for Federal Workers

Losing a job is one of the most difficult things a person can go through. It brings stress about the future and financial uncertainty. Unfortunately, this is a very real problem for many in our country right now, especially if you are a federal worker.  If you are a federal worker facing job loss, you’re… Read more