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Saving Money Quotes
Savings

Saving Money Quotes

Over the years, many people have spoken about money – how to earn it, save it, and spend it. While not everyone will agree about the best ways to go about these things, there are some wise words from those who have gone before us that we can learn from. Here are some money quotes of our favorite about money – from recent years and hundreds of years ago:

Budgeting Saving Money

He who buys what he does not need steals from himself. – Swedish Proverb

We love it because it highlights the importance of distinguishing between things we want and things we need. However, it is not clear who first uttered these wise words. Of course, there are times when it’s completely acceptable to purchase something simply because we want it but if this becomes a habit, it could jeopardize our financial future. We’re speaking from experience when we say that pondering this proverb prior to making any impulse purchases can be very beneficial.

Inspirational Saving Money Quote

The price of anything is the amount of life you exchange for it. – Henry David Thoreau

A 19th-century American philosopher, poet, and academic, Thoreau was an advocate of living simply. This quote speaks to his suspicion of focusing too much on worldly possessions. His words still ring true today – spending a lot of mental energy worrying about what you (or others) have or don’t have is exhausting. Instead, focus on what matters most to you whether that’s family, friends, or your future.

Your Money

“Do not save what is left after spending, but spend what is left after saving.” – Warren Buffett

Despite his means, Warren Buffett is known for living a simple life – and we couldn’t agree more with this advice from him. If the fourth wealthiest person in the world is talking about money, it’s probably worth listening to what he has to say. If you don’t make saving for the future a priority, you’ll never get around to doing it. And when you need it, it won’t be there. Starting and sticking to a savings plan is something you’ll never regret.

Simple Financial Literacy Quote

You don’t have to see the whole staircase, just take the first step. – Martin Luther King, Jr. 

We believe in taking affirmative action to create the changes you want to see in your life – and that includes your finances. If you’re not happy with where your money is currently, it’s time to do something about it. Take the tiny steps to master it.

A Reserve for the Rainy Day

 It’s always better to build an emergency fund before we even start to invest. – Chanakya

Chanakya, an ancient Indian philosopher, once said that it’s always better to build an emergency fund before investing. Having a reserve to cover 8-12 months of monthly expenses can help us in many ways, especially if we find ourselves in a difficult financial situation.

But why is it important to have an emergency fund? Can’t we just ride the bulls, invest whatsoever we have in our bank account, and pull out whenever the emergency arrives? Right?

Absolutely not, what if, someone loses a high-paying job? The recent turbulence in the economy has turned over 20,000 professionals jobless. The ones without an emergency reserve will surely get impacted by their daily groceries; house rent, EMIs; etc.

The need of the hour is to maintain a fund that can be converted into quick cash instantly. Savings Account. FDs. Liquid Funds. Choose only basic necessities. And replenish the fund as soon as there is an extra surplus. Let it be our helping hand when everything else just falls apart.

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