In the context of establishing a sizable savings balance, the concept of "pay yourself first" suggests that you:
A. use a substantial amount from your savings account for charitable purposes every month.
B. have a predetermined amount from each paycheck automatically deposited into your savings account.
C. invest a major part of your paycheck in one specific financial security rather than investing in a diversified financial portfolio.
D. make discretionary and nondiscretionary payments prior to investing in financial securities.
Answer: B
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