What is Pay Yourself First?
You pay your bills every month, maybe even through automatically scheduled payments. However, there might be someone you're forgetting to pay – yourself. Paying yourself first is an important step toward a more secure financial future.
Pay Yourself First (PYF) before you pay your mortgage, credit cards or any other monthly bills. It starts with a direct deposit into your Online Savings Account, followed by transferring only what you need for monthly bills into your checking or BillPay account. This will maximize your earned interest and grow your savings faster.