Pay Yourself FIRST!

When every penny counts it is hard to think of paying yourself first…. But it is so important. When you pay yourself FIRST you are putting away just a very small portion at a time out of all monies coming in. I know I know…. I hear you…..when the money comes in and I USE all of it… where do you think I will get any EXTRA to pay myself FIRST?

One of the easiest ways to pay yourself first is to have money deducted right out of your paycheck and deposited into a bank or a credit union BEFORE you even see it…. Here is that commitment thing that we have talked about so many times before…. COMMIT to leaving it there. It is not being taken out of your pay check for you to go and get it OUT next week…….

Everyone is different as to the amount that you should be paying yourself FIRST. A good rule of thumb would be set aside 10%… That of course is just a suggestion but it would be a good starting point for most people….. If you make $500.00 a week, you would be setting aside $50.00 each paycheck. If you go through your house and host a yard sale to get rid of your treasures that you no longer need/want/use and you make $100.00…setting aside $10.00 will go a long way IF YOU LEAVE IT.

Find out if the company you work for offers a payroll deduction that your able to pay yourself first and enroll in it as soon as possible….. One of the biggest mistakes that most people make is to start by having to much withdrawn in the beginning….. May I suggest that you start out having a smaller amount deducted from your paycheck….see how your budget is able to adjust to that…. rather than taking out to much and then going in an with drawing ALL of it and saying this isn’t working…

Target Debt Free is an online course that will show you how to get on your way to being debt free,
Your also able to view the first lesson for free after you CLICK HERE.