alleryStart learning →Moving part of each payment into savings as soon as income arrives is known as what?
ARounding your change up
BMatching your employer
CPaying yourself first
DSplitting your refund
Answer & Solution
Correct answer: C. Paying yourself first
1. The habit is to save at the moment income arrives rather than from what is left later.
2. Savings then take priority over the month of spending that follows.
3. That habit is called paying yourself first.
4. Splitting a refund and collecting change are separate tactics with their own names.
_Source: FDIC Money Smart for Adults (September 2018), Module 5: Your Savings, section Apply It: My Quick Tips for Finding Money to Save_
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