Personal Finance

Spend less than you earn, invest the rest

Novice

Mastery0%

Novice

Note. Education, not financial advice. Tax rules, regulations and product specifics change, for real money decisions, talk to a SEBI-registered advisor whose incentives don't depend on selling you a product.

Concept 04 of 19

settled

Pay yourself first (automate it)

Move money to savings the day your salary lands. Live on what's left, not the other way around.

Definition

A budgeting discipline that routes a fixed percentage of income into savings and investments automatically on or just after payday, before any discretionary spending decisions are made.

Step 1

Predict first

In one or two sentences, what do you think this concept means? Wrong is fine; the small struggle is what makes the answer stick.