Automating your savings so they occur immediately after you’re paid, and having specific goals for the money, is one of the best things you can do to build wealth.
You should really pay yourself first, say advisers. Here’s how to do it. Bethany Rae
If there’s one thing Australians looking to take control of their money in 2025 need to do, it’s this: pay yourself first.
That is, rather than being paid your salary, living your life and then saving whatever’s left over at the end of the month, set up automatic transfers into accounts that match your goals.
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Original URL: https://www.afr.com/wealth/personal-finance/wealthy-people-tend-to-have-mastered-this-simple-savings-strategy-20250109-p5l34t
