Question

question 4 of 6
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 personal finance principle where you prioritize saving for your future (e.g., savings account) before allocating money to other expenses or bills. This ensures you build savings consistently instead of saving what's left after spending.

Answer:

Put money in your savings account before you pay other expenses