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:

The concept "pay yourself first" in personal finance means prioritizing saving for your future (like putting money into savings) before paying other expenses. The first option is about debt repayment, the third is about budgeting allocation, the fourth is incorrect (needs should come before wants). The second option matches the definition as it's about saving (paying yourself) before other expenses.

Answer:

B. Put money in your savings account before you pay other expenses