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what do you know? question 4 of 5 what does \pay yourself first\ mean? …

Question

what do you know? question 4 of 5 what does \pay yourself first\ mean? select a response. submit your 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:

Brief Explanations

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 come before wants generally). The second option matches the definition.

Answer:

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