Question

question 2
what does \pay yourself first\ mean?
○ split your money according to how much you want to spend on each bill or expense
○ put money in your savings account before you pay other expenses
○ pay down debt before doing any spending
○ spend your money on your wants before you spend on your needs

Explanation:

The concept "pay yourself first" in personal finance emphasizes prioritizing saving. The first option is about budgeting for bills/expenses, not saving first. The second option, putting money in savings before other expenses, aligns with "pay yourself first" (saving for your future self). The third is about debt repayment, not saving. The fourth is incorrect as needs should come before wants, and it's not about saving.

Answer:

B. Put money in your savings account before you pay other expenses