Question

Your friend is having trouble saving money. How can you teach them the “pay-yourself-first principle”? Do you think this is an important principle? Why or why not?

Answer 1

I think this is important without a doubt . You might need to use that money someday for yourself but won't have it because you spent it on a HUGE list of groceries. If you put some money aside for yourself, you will have money that your allowed to do anything with (saving, buying clothes, buying cars, etc.) You should always save some of your payment that way you always have extra money in case of any money emergenies or such.