A Blog About Personal Finance. Teach you to be rich slowly not make quick scheme. The specialties are in Financial advice and wealth.
Friday, July 24, 2015
The Advantage of Paying Yourself First or Saving
I have read an article from the get rich slowly about paying your self first . Our teacher said that we should have save the money. Perhaps your parent also said the same word.
By saving, you can use the money later. Perhaps you want to buy a motorcycle that is expensive. You can buy now because you have no enough money. Perhaps,you need to go to the dentist because there is a small hole in your teeth or other thing.
Saving is very important though I
By paying yourself you can get the advantage or benefit from it:
You use to live less
I Often saw some people that buy expensive cloth while the salary is so low.They often eat at the restaurant whereas, they just make hundreds dollar a week. Certainly, they will not save any penny because they also spend money. Supposedly they prioritize the money for investment that is useful fro the future.Then they can use the remain for any spending post.
Your saving and investment become priority
You do not worry that you cannot save or invest the money because you save your money first.
Saving becomes automatically You are forced to spend mindfully
when you receive less money, you must think to reduce the spending. You eliminate any entertainment spending or you may think to buy at grocery.