Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

question 24 (1 point) what does it mean to pay yourself first?

Question

question 24 (1 point)
what does it mean to pay yourself first?

Explanation:

Brief Explanations

"Pay yourself first" is a financial concept. It means that when you receive income (such as a paycheck), you set aside a portion for savings or investment before using the money for other expenses like bills, shopping, etc. This helps in building wealth over time as it makes saving a priority rather than an after - thought.

Answer:

It means setting aside a portion of income for savings or investment before covering other expenses.