Pay Yourself First
What does Pay Yourself First Mean?
“Paying yourself first” means that you should pay your own savings and investment accounts first.
Here are some examples:
- Paying into your RRSPs
- Buying Insurance like Life Insurance
- Save for emergencies
- Set yourself up with Living Benefits
- Pay off your debts and don’t take on new ones! (Exceptions to a mortgage or reasonable business loans).
Hit this button for some more suggestions!