“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

Reset Your Budget with a Post-Holiday No-Spend Challenge

While the holiday season is often a time of joy and celebration, it can lead to overspending and even debt. In 2023, 34% of Americans went into debt during the holiday season. Whether you find yourself in debt after the holidays or are ready to reset your budget and start the new year from a… Read more

Why You Need a Holiday Fund & How to Build One

Did you know the average American spends just under $1,000 on Christmas, according to research by the National Retail Federation? While Christmas is typically the holiday people spend the most on, other holidays and celebrations throughout the year can also sneak up on us.  With expenses for birthdays, anniversaries, Valentine’s Day, graduations, weddings, and other… Read more

Budgeting for Holiday Travel Expenses

Approximately 115.2 million Americans were expected to travel more than 50 miles from home between Christmas and New Year’s in 2023, according to estimates by AAA. Traveling over the holidays can be a great chance to spend time with loved ones and get out of town. But it can also be stressful…and expensive.  To keep… Read more