Reverse Budgeting

You probably have heard the phrase “pay yourself first”. But what does that really mean? Reverse budgeting uses this concept to focus on your savings before your expenses. Essentially, you budget around giving yourself money first, then you pay everyone else last. It helps you guarantee contributions to your savings and investments. In this episode, we will look at the strategy more closely, talk about who should use it and who should not. I will also go through some easy steps to get you started, as well as some tips and benefits of using this method. If you have any questions about this episode, previous episodes, or budgeting in general, send your question to [e-mail].