The Secret To Pay Yourself First

What if you could start over? Think about it. That is where your children are now. If you could teach them the secret of wealth-building, they could become wealthy and challenge themselves to live their dreams.

I always hate those people who say, “Pay yourself first.” Yeah, I know. I’m the personal finance blog guy. I’m supposed to like them, but I don’t.

If it was easy to pay yourself first, everyone would do it….right?

Here’s how you really do it without the slogan.

Take your very next paycheck. Look at the after tax amount. Multiply it by .01. Take that amount of money (before you pay any bill or spend even a nickel of that money) and push it to savings. That’s 1%.

This is our 1% Savings Plan. And you can do it.

Then, the next time you get paid, multiply that after tax amount by .02. With each paycheck after that you will add an additional .01 so that you are gradually building your regular savings until you are “paying yourself first” 15 – 20% with each paycheck you receive.

The truth is that you CAN develop your own plan for saving more money out of what you spend and blow up your savings on a regular basis. Here is another truth: You can reach your children the coolest habit that will help them generate savings and then wealth.

How much savings? It should be your goal to raise – with regular savings – 15 to 18 months of expenses in actual money market savings and certificates of deposit. Once you have done that (and you can), you can move to investing for retirement and more.

Prove to yourself that it works. Then, show it to your children. Include them. You will be shocked at the great results across your life and the life of your children.


If you think I was born saving money, you are wrong. My own family didn’t believe in saving. They don’t believe in having a 401k. They have had “emergencies” all their lives. These emergencies always get in the way of saving money regularly. I was not brought up to save and invest regularly and I have made every mistake you can think about when it comes to money. My parents thought they were shielding me from the realities of bills and worry. In fact, they were isolating me. I learned nothing until I had made many of the mistakes they made. I have had to learn the absolute hard way how to get savings on track and make it a part of your life without killing your lifestyle. I have had to learn the hard way how companies mislead with marketing. It is my mission to share what I have learned about regularly saving with my own children and also share it with you. That’s why we have a lot of “free” (blogs like and and groups on Facebook like “Coupons & Coupon Codes”)!

In this country we don’t do enough to teach our children about money, managing money, saving regularly (and automatically), compound interest and steady investing for a long-term future. As a parent, we are always concerned that they get a good education and go to a good college so they can make a lot of money or have a valued career path. The truth is that we could do our children the biggest favor and one of the best things by sharing with them sound saving and investing principles.

You can join our free Facebook group (or have your children do it, too) by searching in the Facebook bar on your “wall” for “Live The Lifestyle Your Family Deserves.” Click on “become a fan.” It’s free and it ties our free blogs into that group.

If you want to give your children the same information we are giving ours, you can purchase the only thing we sell on any of our blogs or groups. It’s called “How To Survive Any Financial Crisis” and you can get it for only $4.95 at

Thank you for reading our blog and good luck!

Loyd Ford

Connect with us on Facebook with these free groups:
“Coupons & Coupon Codes”
“Live The Lifestyle Your Family Deserves”
“Saving Money”
“The Money Store”
All on Facebook – join. It’s free.


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