To practice the principle of 'Pay Yourself First,' individuals should set aside an affordable amount of money each month for long-range goals and emergencies before paying bills or other financial obligations.

Authors

• Person: Barbara O’Neill Organization: Rutgers NJAES Cooperative Extension
  Twelve Principles of Personal Financial Literacy (Rutgers NJAES)

Sources

• Twelve Principles of Personal Financial Literacy (Rutgers NJAES) njaes.rutgers.edu Barbara O’Neill · Rutgers NJAES Cooperative Extension via serper

Referenced by nodes (2)

• emergency fund concept
• long-term financial goals concept