Ace the 2026 NGPF Personal Finance Challenge – Master Your Money Moves!

The method "Pay Yourself First" emphasizes the importance of prioritizing savings by setting aside a specific amount of money before addressing other expenditures. This approach encourages individuals to treat savings as a non-negotiable expense, just like a bill. By doing so, you are actively investing in your future and ensuring that you are building a financial cushion or saving for specific goals.

This method is effective because it helps develop a habit of saving. By consistently saving first, individuals can build wealth over time and reduce the temptation to spend their available funds on discretionary expenses. This foundational strategy in personal finance promotes financial security and encourages disciplined budgeting practices. In contrast, other methods, such as paying all bills before saving or setting aside money for entertainment first, do not prioritize savings in the same way, often resulting in limited or no savings at all.