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What is 'Pay Yourself First' budgeting method?
short by Ankush Verma / on Friday, 26 December, 2025
'Pay Yourself First' budgeting method means depositing a portion of each paycheck directly into the savings. The remainder is then spent on the expenses. A person can even set up automated deposits or transfers with their bank so that money is automatically sent into the savings account when they get paid, which prevents them from forgetting.
read more at syr.edu