New Delhi, Sept. 15 -- Knowing where money goes does not always help people build savings. An expense record can still end with nothing kept aside.

Aadil Kadri QPFP(R) ️ suggests changing the order in which people manage their income. His approach, Pay Yourself First, gives savings priority when money arrives.

Kadri is Vice President Advisor at Continental International Group. He also wrote 3 Steps to Financial Freedom. Here are 8 lessons from his views shared with Mint.

Many people pay every bill before checking whether anything remains for savings. Kadri believes this approach makes saving depend on leftovers.

Instead, he suggests setting aside a fixed amount when income arrives. The remaining money then becomes available for...