Monday 20 June 2016

Pay yourself first

Pay yourself first means to set aside money before you do anything else. If you save 1% of your income you might find how easy it is to save and you will start to save bigger amounts like 3% and then 5%http://www.getrichslowly.org/blog/2009/10/19/pay-yourself-first). Setting Money aside should be the first thing you do whether you put in a savings account or for your retirement( http://canadianfinanceblog.com/pay-yourself-first/).

It is recommended that once saving is a habit that you start making savings accounts like "new car" or whatever you what to save for (http://moneycoachescanada.ca/blog/paying-yourself-first/)

You should put the money you are saving in a account that is hard to reach eg Canada's Saving's Bonds(http://canadianfinanceblog.com/pay-yourself-first/)

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