Quotes About Savings

In several quarters in the 2000s, if you added up all the private savings of everyone in the United States, it was less than nothing. You can't sustain that as a driver of growth.

The Federal Reserve system obviously doesn't work anymore - they keep lowering the federal discount rate, and all that happens is that the banks are making a fortune, and the old folks' CDs are getting chewed up.

Today, I'm 60, I'm not married, I don't have any kids. I would give up some Social Security to save a system that Americans are going to depend on now and in the future.

Well-functioning financial systems are important in achieving sustained economic growth. They play a crucial role in channeling household savings into the corporate sector and allocating investment funds among firms.

you've got to earn more than the current combined rate of inflation and taxes in order for your money to grow in real terms.

Ralph's (and virtually all other) grocery stores provide customers with "frequent-buyer" or "Club member" cards that entitle holders (Group B) discounts not provided customers without cards (Group A), on the argument that people who tend to buy frequently (and/or buy in large quantities) have good reason to comparison shop and to obtain the frequent-buyer cards: they can prorate their search costs over a large number of purchases.11

The evidence suggests that when people get a windfall—and this seems to be the way people think about their tax refund, despite it being expected—they tend to save a larger proportion from it than they do from regular income, especially if the windfall is sizable.

Hint: always take the largest deductible you can. It will save you a lot of money over the long run.)

Similarly, people are far more likely to splurge impulsively on a big luxury purchase when they receive an unexpected windfall than with savings that they have accumulated over time, even if those savings are fully available to be spent.

La combinación de tasas de rendimiento bajas (apenas por encima de la inflación) y las bajas tasas de ahorro de muchos empleados es simplemente una receta para la pobreza en la jubilación.

Ingenious, really: you pour junk-raised cash into a hostile takeover and sell the debt to your savings and loan, which the public ultimately must bail out. Then you mortgage the company to the hilt to pay off the funny money, loot the pension fund, run through the reserves, sell off everything of value, and dispose of the remaining bankrupt husk for whatever you can get. Magic! Loot that pays you extra to plunder it.

Uber operates as UberTaxi in Athens. (You book your ride through the app, but a taxi picks you up.) Uber is generally cheaper than hailing a cab (often even half the cost, except for rides to and from the airport where there's no savings). Note there is a €3 minimum charge.

In order to become wealthy you have to stop working just to pay your expenses

If saving money is wrong, I don't want to be right!

Saving is a very fine thing. Especially when your parents have done it for you

Every private person should be educated in cash management and investing to develop an additional source of income that will help achieve financial freedom

Saving and investing itself is simple if we apply the 80/20 principle. I

A sure way to go broke is to spend your outer riches before you have saved enough of your inner ones.

Education is a savings account that you fill by learning and by spending. Even if you spend for the rest of your life, it will only grow to give you joy.

So Lydia grew up with a mother who emphasized the importance of being independent and saving for the future.

It's unusual in a culture where adult children take care of their aging parents that Lydia's mother even had a savings account.

4. Buy less insurance

5. Pay now and consume later

When families save, they can get through emergencies like a bad harvest or a medical emergency. But it's more than that. They can also plan for the future, gradually saving up for a small business or for their children's school tuition.