Fast and Finance
Pay Yourself First
I figured after the last episode on breaking down the 50/30/20, I wanted to take some time to speak about the concept of paying yourself first – also known as reverse budgeting. If you are still brand new to budgeting and haven’t tried something like the 50/30/20 structure yet, I suggest you check out our previous episode before this one. The whole purpose of ‘paying yourself first’ is to build your budget around your saving goals, like retirement, instead of locking in on your fixed and variable expenses.
I figured after the last episode on breaking down the 50/30/20, I wanted to take some time to speak about the concept of paying yourself first – also known as reverse budgeting. If you are still brand new to budgeting and haven’t tried something like the 50/30/20 structure yet, I suggest you check out our previous episode before this one. The whole purpose of ‘paying yourself first’ is to build your budget around your saving goals, like retirement, instead of locking in on your fixed and variable expenses.