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February 24, 2014 AT 8:20 PM
It's one of the most tried and true pieces of financial advice anyone will ever give you, and for a reason. Paying yourself first means putting money into your various savings and retirement accounts before you put that money anywhere else. By taking the money out of the equation right away, you will literally be saving yourself a lot of money, but you'll also get a much more candid perspective on how much money you actually have available to you. Make this easier for yourself by setting up automated deposits to happen lockstep with your payday. You'll thank yourself, trust us.