Thrift Savings Plan lets you pay yourself first – DVIDS

By Paul Levesque
ASC Public Affairs

“Pay yourself first.”

I don’t recall when it was that I first heard – or perhaps read – that simple bit of financial wisdom. But I do know it was sometime way back in my younger days, and that it sure sounded right – like something that I really ought to try to do.

There was no Google back then, but if you enter the phrase “Pay yourself first” in your favorite search engine today, you’ll learn that it means exactly that. Those who adopt this practice are sure to set aside some amount of money – no matter how small, but as much as they can – from each and every paycheck in order to save it for themselves.

In my case (and to put a twist on an old cliché), this means I should pay Paul before paying Peter – who, in this case, represents all the other bills I need to pay and financial obligations I need to meet.

Back in 1982, when I began my federal career, paying myself first wasn’t as easy as it is now. It involved setting up some sort of investment…

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