Allen Arnold earns $3,000 per month.He pays his mortgage,utilities,grocery and other bills and then he makes sure to set aside $150 for his savings and investment accounts before he spends money to go to movies and other personal expenses.Which suggestion for obtaining the money he needs for investing is he following?

Question

Quizplus · Accepted Answer

Allen Arnold is following the concept of paying himself first, where he sets aside a fixed amount for his savings and investment accounts before spending money on other personal expenses. This approach helps individuals prioritize their financial goals and ensures that they are consistently saving for the future.

Allen Arnold Earns $3,000 Per Month