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Pay Yourself First


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This Sparked Me!

I had always paid my bills and had excellent credit... the only missing piece was a savings account. I have now been paying myself first and the money is accumulating. It has already helped us pay for necessities that came up unexpectedly.... emoticon

- Submitted by STRUMMERGIRL75 4/20/2010 in Saving Money | 4 Comments
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Member Comments

LADY_KATHY 4/21/2010 8:33:00 AM

    I not only have money out of my paycheck go directly to a savings account, but also a Christmas account and more to an emergency account. : ) I save about 25% of my check!! When Christmas comes I'm covered for everyone with $$ left over.. AND have a stash for those little emergencies/expenses. : )
LIVINGONMYTERMS 8/10/2010 6:14:00 PM

    We have been doing this off and on for years. That is the only way we will be able to pay off our house 20 years early. Why give all that interest to the bank?
BENDER7 4/21/2010 5:46:00 AM

    I heard this for years, it's just hard to put myself (in my mind) as important as my bills/financial obligations. But I'll give it some thought.
ARDELIAC 4/20/2010 7:54:00 PM

    I used to do this, and it really worked. You have inspired me to begin anew.

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