If you're like most people, you pay your bills every month and if there's anything left over, you put it into savings. The problem with paying yourself last is that there's usually not a lot left over. So try this instead: Commit to saving a certain amount each month, and make that the first check you write. Better yet, arrange to have an amount automatically transferred from your checking account to a mutual fund each month. If you have a dire emergency you can always take the money out of the mutual fund. But if you make saving really easy... Articles Tagged ‘savings’
Pay Yourself First
If you're like most people, you pay your bills every month and if there's anything left over, you put it into savings. The problem with paying yourself last is that there's usually not a lot left over. So try this instead: Commit to saving a certain amount each month, and make that the first check you write. Better yet, arrange to have an amount automatically transferred from your checking account to a mutual fund each month. If you have a dire emergency you can always take the money out of the mutual fund. But if you make saving really easy...
Tuesday, February 17th, 2009
If you're like most people, you pay your bills every month and if there's anything left over, you put it into savings. The problem with paying yourself last is that there's usually not a lot left over. So try this instead: Commit to saving a certain amount each month, and make that the first check you write. Better yet, arrange to have an amount automatically transferred from your checking account to a mutual fund each month. If you have a dire emergency you can always take the money out of the mutual fund. But if you make saving really easy... 
Loading ...