Strategies Tagged: "Budgeting"

The "Pay Yourself First" principle is a cornerstone of personal finance. It means allocating a portion of your income to savings or investments before you pay any other bills or make discretionary purchases. Essentially, you treat your future self as your most important creditor.

Budgeting is the process of creating a plan to spend your money. This spending plan, called a budget, allows you to determine in advance whether you will have enough money to do the things you need to do or would like to do.

Mindful spending is about being conscious and intentional with your purchases, aligning your spending with your values and goals, rather than making impulsive or emotionally driven buys.