You want to save more money right? You are frustrated because you don’t know where all the money you earn goes or what you do with it.

You want to able to, at least, save a touch from your earnings and not have your bills and wishes take it all before the month is at it's start.
If that's you, then, to pay yourself first is the answer. it's the simplest and easiest method to avoid wasting a lot of money.

Paying yourself first is an easy and straightforward action to take. All you need to do after you get paid is to take away a precise share of your income and store it in a confinement or with an agency that would help you manage your money but on a settled agreement to avoid theft before you start to pay your bills and pay on your desires with the rest of the income.

You put that cash away first, then you survive with the remainder!!!

The reason why folks don’t save a lot of money is simply because they do it in a wrong manner. They pay their bills, try and clear their debts and pay on their desires before they decide if the remaining is enough to avoid wasting.

The problem with this approach is that this – there's no manner you'll satisfy all of your desires. though you're given 10 times your earnings a month, you may notice you have completely exhausted the money in no time.


What edges are there after you pay yourself first
1.You will learn to measure on less
Let’s say your financial gain is N50,000 and you decide to avoid wasting 2 hundredth of your financial gain;that may be N10,000.If you're able to discipline yourself, you may survive on N40,000 each month.The good issue regarding living on less is that you simply have a lot of management, not solely on your finances however on conjointly your life.

2.You will be able to differentiate between what you actually would want and what you would need.That's the premise of dominant your expenses and living on less.

3.You will save a lot of and have a giant savings balance
That is the goal of of these right? to avoid wasting a lot of and have an outsized nest egg.
With our example higher than, if you're in line with your savings, in a year, you may have N120,000 in savings. That's huge for someone earning that wage.

4.You will invest a lot of
Once you've got an outsized saving, it's natural that you simply begin to appear for wherever to speculate all the money and since it's huge, you may have loads of alternatives.Some folks don't invest because they seem to have very little to speculate which puts them off whenever a chance to invest comes.Though it's potential to speculate after you have very little financial gain, an outsized savings pool offers you the chance to diversify your investment and have even a lot of returns.

5.You will be able to build massive purchases
There comes a time in your life when the disbursal of an outsized total of cash on a specific item is inevitable.We need a house to measure in, we want to furnish the house. A time comes after we would like a automobile.A time comes after you have to be compelled to hook up with someone unless you would like it to be the subject of debate anytime your mum calls you.

6.You will have peace of mind
It’s true that cash doesn’t confirm how happy you're or could be, however it helps. If you suddenly fall sick while not cash, you may worry as a result of you not getting the correct treatment.When you have an outsized savings balance, you are concerned less regarding cash and target different things that matter in your life. It offers you peace as a result of no matter happens, you've got the money power to trot out it.

7.You will become financially free
This is the final word goal right – to realize money freedom.The good issue regarding money freedom is that you simply aren't solely free financially however you're conjointly liberal to live your life the manner you would like.You can travel anytime you would like, work whenever you're feeling like, pay the maximum amount time you would like with friends and family.When you pay yourself firsst, you build an outsized savings poll that successively you invest. Those investments grow that permits you to realize money freedom.

8.You will retire well
In the end, you may retire well.When you live your life keeping the essential principle of cash, it's inevitable that towards the tip of your life you may be able to have enough to measure an honest life in your retirement.

In conclusion
To pay yourself 1st is extremely necessary if you may accomplish money freedom.The good half is that it’s a simple issue to try to to.

What you've got to try to to is, before you are concerned regarding your neighbour whom you owe some cash, or before you pay those bills, or before you begin looking away, make certain that you simply have paid yourself firtst.
That way, within the nearest future, you may reap the complete good thing about paying yourself first that is to realize money freedom.

The richest man in Babylon