What does Pay Yourself First Mean? Pay Yourself First means that any time you receive money, you should immediately set aside an amount to save. Once you deposit money into your savings account it is safer, and you’re less likely to spend it than if you keep it with you. When you save at a bank, your money earns interest–free …
What does “pay yourself first” mean? Once you deposit money into your savings account it is safer, and you’re less likely to spend it than if you keep it with you. When you save at a bank, your money earns interest—free money the bank gives you. The longer your money stays in the bank, the more interest you earn. When you Pay …