Money Monday

Money Tip: You should always pay yourself first after every paycheck.How much you pay yourself depends on your financial goals. Guide to how much you should pay yourself: Dead Broke- Spend more than you make. Poor- Spend everything you make each month and save nothing. Middle Class- Pay Yourself First 5 to 10 percent of your gross income. Upper Middle Class- Pay Yourself First 10 to 15 percent of your gross income. Rich- Pay Yourself First 15 to 20 percent of your gross income. Rich Enough to Retire Early- Pay Yourself First at least 20 percent of your gross income. "The Automatic Millionaire" by David Bach