Pay Yourself First
Pete drives his car to work each day. It is expensive. Gas is not cheap. He wants a bike to ride to work, but he does not have enough money to buy one.
Pete plans to save money each week from his paycheck. He will save 10% of each check. That is a dime from each dollar he earns.
Pete is paid once a week on Fridays. At the end of each week, he puts $20 in his “Pay Yourself First” fund. He pays himself first. Then he pays his bills.
Pete wants to make saving money a habit. Soon he will meet his goal. He will have his new bike!