Question

question 4 of 8
what does \pay yourself first\ mean?
select a response.
pay down debt before doing any spending
put money in your savings account before you pay other expenses
split your money according to how much you want to spend on each bill or expense
spend your money on your wants before you spend on your needs

Explanation:

"Pay yourself first" is a financial concept. It emphasizes the importance of saving. Instead of spending all income on expenses first, one should set aside savings. This helps in building financial security. Putting money in savings before other expenses aligns with this principle. Paying down debt (while important) is a different financial strategy. Splitting money for bills is budgeting. Spending on wants first is against financial prudence.

Answer:

Put money in your savings account before you pay other expenses