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Question
question 24 (1 point)
what does it mean to pay yourself first?
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.
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It means setting aside a portion of income for savings or investment before covering other expenses.