Regulations Paying yourself
When talking about Personal Finance, one of the main issues involved is that associated with the current revenue administration and expenditure control, and optimize the use of both lines in order to improve the current situation and economic benefit that in the future allow us to have a decent retirement, financially speaking.
Therefore, the first concept that comes to improving the situation is “pay you first rule”, which is known by everyone but implemented by few. The reasons for this behavior may be different, since the income is not enough for me and I have no ability to save! To what I can save very little and no sense!
This rule is easier to implement than one might imagine, but it requires discipline, methodology and establish a specific objective, which together form a plan of action.
Discipline, let him be consistent with the action to be paid first with the frequency that is established and to fulfill that commitment no matter what happens, is to make it automatically.
The methodology will help to establish the most effective mechanism to pay first and how they manage those resources. Knowing how and where to put paid.
The objective must be sufficiently attractive and achievable within a reasonable period of time and amount to be cumulated with the intention of not running the risk of giving up.
The first be paid not only should focus on putting aside a certain amount of money based on net income, it is also about knowing where to place the resources to save as those for current expenses, with the idea that these are not affected by commissions, taxes and any other items that detract from its economic benefit.
One factor that may discourage the implementation of this rule is that the amounts saved are initially very low and might not make sense to do so. Reason why a very valid question arises regarding the initiation of this plan is how much I paid? Basically when you have the thought that current income is insufficient to execute the payment.