Paying Yourself First – Save More Money & Grow Your Wealth

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Paying yourself first is one of the basic personal financial rules that many will tell you to follow and consider. However, it’s a bit hard and challenging to actually follow through.

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If you have a hard time saving, paying yourself first could be the ultimate hack to start saving more!

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If you are getting into the habit of paying yourself first, this will bring you so much! How do you put it into practice?

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1. Open a (high-interest) savings account where you automatically transfer the money the moment you receive your paycheck.

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2. Try to use another bank when you open a new online savings account. For some, it helps to have the money not readily available.

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3. Set up an automatic transfer for as much as possible. If you have a budget, transfer money from saving to checking on a weekly or monthly basis.

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If you want to check whether it works for you, please start making these smart money moves for yourself.

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FOR MORE ABOUT THIS POST, VISIT RADICAL FIRE

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