NewsBite

Wealthy people tend to have mastered this simple savings strategy

Wealthy people tend to have mastered this simple savings strategy

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

Lucy DeanWealth reporter

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

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.

Loading...

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Lucy Dean
Lucy DeanWealth reporterLucy Dean writes about wealth management, personal finance, lifestyle and leisure, based in The Australian Financial Review's Sydney newsroom. Connect with Lucy on Twitter. Email Lucy at l.dean@afr.com

Latest In Personal finance

Fetching latest articles

Original URL: https://www.afr.com/wealth/personal-finance/wealthy-people-tend-to-have-mastered-this-simple-savings-strategy-20250109-p5l34t