Question
What does the term "pay yourself first" mean?
Assess your saving goals and make sure you put a percentage of your earnings toward those goals.
Writing yourself a check for spending money every time you get a paycheck.
Put money in your checking account first so you have enough on hand to pay your bills.
None of the above.
Assess your saving goals and make sure you put a percentage of your earnings toward those goals.
Writing yourself a check for spending money every time you get a paycheck.
Put money in your checking account first so you have enough on hand to pay your bills.
None of the above.
Answers
GPT-4o mini
The term "pay yourself first" means to prioritize saving and investing a portion of your earnings before allocating money for other expenses. This approach encourages individuals to set aside a percentage of their income towards savings or investment goals as soon as they receive their paycheck, rather than waiting until after bills and discretionary spending. Therefore, the correct option is:
**Assess your saving goals and make sure you put a percentage of your earnings toward those goals.**
**Assess your saving goals and make sure you put a percentage of your earnings toward those goals.**