question 4 of 5 what does \pay yourself first\ mean? select a response. submit your response. pay down debt…

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

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

Answer

Answer:

Put money in your savings account before you pay other expenses

Brief Explanations:

"Pay yourself first" is a personal - finance principle. It means setting aside money for savings right after receiving income, before allocating funds for other bills and expenses. This helps in building wealth and financial stability over time.