Pay Yourself First!

In order to start saving for retirement, you must pay yourself first. This means every time you get paid, you must put money toward your future before you pay for the wants and needs of today. Many people have good intentions. They say that they will save whatever money is left at the end of the month. But there never seems to be any money at the end of the month.

Before you pay everyone else, you must pay yourself. You can then only spend what is left. Even if you end the month with only a few dollars, at least you put money toward your future. But what if you pay yourself first and then you run out of money? This may mean that you need to adjust your expenses. Your expenses will always rise to meet your income unless you resist. In my next post, I will share some ideas about cutting expenses.