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quiz question 4 of 8 what does \pay yourself first\ mean? select a resp…

Question

quiz
question 4 of 8
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:

Brief Explanations

"Pay yourself first" is a personal - finance concept. It means setting aside money for savings or investments before using the remaining funds to pay for other bills and expenses. This helps in building wealth over time.

Answer:

Put money in your savings account before you pay other expenses