thethriftledger

Guides / Methods

Pay yourself first

Save before you spend.

4 min read

Paying yourself first means moving savings out of your account as soon as you're paid, then living on the rest.

How

  1. Choose an amount, even $25 a paycheck
  2. Set an automatic transfer on payday
  3. Pay bills next
  4. Spend what's left without tracking every dollar

Good for

People who don't want to track every category but do want to save.

General educational information, not personal financial advice. The Thrift Ledger isn't paid by any bank, lender or budgeting app.