Paying Yourself

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!

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