Pay Yourself First

Filed in archive Bootstrapper Tips on October 27, 2009

© kevindooley


It's a basic truth for all personal finance: pay yourself first. Get Rich Slowly had one of the best explanations of this practice I've read in a while.

One of the oldest rules of personal finance is the simple admonition to pay yourself first. All the money books tell you to do it. All the personal finance blogs say it, too. Even your parents have given you the same advice.

But it’s hard. That money could be used someplace else. You could pay the phone bill, could pay down debt...

The people at Get Rich Slowly look at the why and how of paying yourself first. And at the moment, the piece has 50 comments...