Pay yourself

Document created by phil on May 17, 2016
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As a practicing member of the Church of Jesus Christ of Latter-Day Saints, I was raised with the belief that the first deduction from any income was to be ones tithing.  This is defined within my faith as 10% of a persons income.  What I was taught, or at least what I didn't learn, was the importance of my also paying myself.  This means putting money aside in a savings account.

As I have begun to practice the habit of paying myself as well as my tithing, I have had the pleasure of watching a retirement account and an emergency fund steadily grow.  I'm now in a position where I feel comfortable knowing that I can cover minor emergencies and am working to prepare for major ones as well.

It doesn't take much.  Build a budget and if all you can afford is ten dollars that's where you start.

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