Paying yourself firstMs. Perez

Bell ringer What do you think is meant by the term

“paying yourself first”?

Paying yourself first means… Before you pay your bills, before

you buy groceries, before you do anything else, set aside a portion of your income to save.

Even setting aside a small amount each paycheck helps!

Ways to pay yourself first Make savings account and have it

automatically withdraw $ from checking Decide on % of paycheck

10% is pretty standard Dollar amount

$25 dollars a month

Paying yourself first When you pay yourself first, you’re

mentally establishing saving as a priority.

Paying yourself first encourages sound financial habits.

By paying yourself first, you’re building a cash buffer with real-world applications.

What are some reasons to save $?

Why pay yourself before bills rather then after?

“You’re telling yourself that you are more important than the electric company or the landlord.”

TOTD How did your budget solutions compare

to others? What were some things that other

groups thought of that you did not?