PAY YOURSELF FIRST
“If your savings or investment strategy depends on what is left at the end of the month, you may be setting yourself up for failure,” Human says. It’s important to save and invest first, and then ensure the money you have left can cover the rest of your expenses. She says setting up a scheduled monthly transfer to a dedicated savings or investment account is an easy, free and automatic way to build a healthy balance. SAVINGS HACK: If you’ve recently paid off debt, putting the amount you used to service your debt monthly into a savings account is an easy way to foster the discipline of paying yourself first.