Pay Yourself First
Categories: Ethics/Morals, Company Management
You know about “self-care." Hopefully, you always make sure the bathroom door is closed first.
But we’d like to take a minute to talk about self-financial-care. Seriously, with all this talk about CrossFit and Atkins and avocado face masks (so creamy), why hasn’t anyone advocated showing some self-love to our savings accounts?
Well, we’re here today to take a stand and tell everyone to go ahead and...pay yourself first. Go on, do it. It’s good for you. What do we mean by that? Well, “pay yourself first” is a slang term for people who self-care their savings by automatically depositing money into their account every time they get a paycheck. Before any bills are paid, before any yoga pants or egg white smoothies are purchased, money goes into savings. It’s like it was never even in our immediate possession. Except it was, and now it’s in our savings account, just chillin’ and earning interest, and slowly bringing us closer to our financial goals.
“Pay yourself first” is probably one of the best ways we can show some self-care to our future selves, especially if we end up saving enough to afford those amazing avocado masks all the way through retirement.
