What It Means To Pay Yourself First

Originally published at: https://africaextended.com/things-that-matter/finance/what-it-means-to-pay-yourself-first/

There seems to be an endless stream of envelopes from companies all demanding payment for their products and services. It feels like you have a choice of what you want to do with your money ONLY after all the bills have been paid. And this even if there’s anything left over. While you are not…


This is definitely the starting point to creating a better financial. No matter your excuse, if you don’t pay yourself first, any financial plan you have is a mere dream. While it is okay to start with saving 10%, I actually recommend 20%. It may be a huge ask in the beginning, but if you stick to it, your expenses will adjust accordingly.


I totally agree with you but this takes a lot of discipline. Saving is not something we are used to. Some, one has to make a conscious effort to cultivate this habit.