What is the best method for developing a savings program?

Responses

Pay yourself first
Pay yourself first

Purchase wants first
Purchase wants first

Deposit five percent of your paycheck into savings
Deposit five percent of your paycheck into savings

None of the above

1 answer

The best method for developing a savings program is "Pay yourself first." This strategy involves prioritizing your savings by setting aside a portion of your income before you address any other expenses. By treating savings as a non-negotiable expense, you increase the likelihood of reaching your financial goals.