The concept of paying yourself is a critical practice that must be performed every time you receive an income. Choosing to pay yourself first, is an important habit to implement in your life if you want to be successful in personal money management. So, what does it mean to pay your self first? The act of paying your self first is putting money away for the future; before you do anything else with your income. I understand that you have bills to pay, but don’t neglect taking care of your self first. If the first action you take is to pay your bills first and then take care of you. Then you mainly work to give your money away, and whatever is left after your generous contribution to your bills is yours to keep. To put it in another perspective your saying these companies are more important than my financial future. If you chose to live this way, the net results are not have anything to show for at the end of your working days; because you decided not to take care of your self first. No matter the amount of money that you earn, you need to put away something.

In this episode of Just About Finance podcast, Abdul talks about the importance of creating a budget and provides you with the steps to create one. You can now take charge of your money, with a monthly budget in place you're able to give every dollar a name.

He also provides you with tools, and tips get you started.

Here are some apps to help you budget:- https://www.everydollar.com/budget-app- https://www.mint.com/

Do you have a question for Abdul?Send your questions to [email protected] me on instagram: https://www.instagram.com/justaboutfinance/

In this episode of Just About Finance podcast, Abdul gives you the financial tip of the day. He talks about why you should always create a budget for every month.

We tend to equate the word “budget“ with restrictions. A budget isn’t meant to contain or limit how much you can spend but instead gives you a plan to spend your money the best way possible. Setting a financial goal without a budget is like travailing to a new destination without a map.