Ripple
Courses

Saving 101

Learn the fundamentals of saving

Lesson 1 of 4 · About 10 min

Why pay yourself first?

When you “pay yourself first,” you set aside money for savings before spending on anything else. That way, saving becomes a habit instead of whatever is left over at the end of the month.

Even a small amount each week adds up. For example, setting aside $20 every week gives you over $1,000 in a year—without having to think about it.

Key takeaways

  • Treat savings like a fixed expense and move money as soon as you get paid.
  • Start with a percentage of your income (e.g. 10%) and increase it over time.
  • Use automatic transfers so you don’t have to remember each month.