So far this month, we’ve learned how to start saving and explored the benefits of different savings options, such as CDs, money market accounts, stocks, and bonds. This week, Tim Kosak, Consumer Lending Manager at Consumers Credit Union, explains the phrase, Pay Yourself First. “When you pay yourself first, you pay your future savings just like you would pay a bill, or like you would pay for groceries, but you are paying your savings before your daily living expenses,” he says. To learn why and how to start paying yourself first, watch the video below, the third in the Consumers ConnectU four part series on saving.
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