G
21

The whole 'pay yourself first' thing backfires for some people

I keep seeing folks dump every spare dollar into savings on day one. Then they hit a surprise $60 car repair and have to pull it right back out. That's not a win, that's just shuffling money around.
2 comments

Log in to join the discussion

Log In
2 Comments
the_derek
the_derek13d ago
Read somewhere that keeping a small buffer for emergencies makes the system work better.
4
thomas_roberts
You actually save room for emergencies on purpose?
6