Quotes About Savings

Your retirement comes before your children's tuition. That's because there's no financial aid for retirement, and there's still a good deal available for college.

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.

It's never too early to start thinking about tuition.

People with financial plans are much more likely to feel prepared, even in tumultuous times. They're more likely to feel that their dreams and goals are secure. And, oh yes, they do actually save significantly more.

Even if the whole earth and sea were turned to gold, they could hardly satisfy the avarice of a woman... You can more easily scratch a diamond with your fingernail than you can by any human ingenuity get a woman to consent to giving any of her savings.

I'm not an extravagant person. You don't get a chance to spend money when you're working on a TV show.

Why don't we save and invest in our future and start making the things that millions of Chinese consumers are going to want in the future.

If you'll have enough saved and nobody has to take on debt and you want to retire, shoot go for it.

I get so frustrated when people tell me it's unrealistic to create an eight-month emergency savings fund, or have money saved for a home down payment, or pay off their $5 000 credit card balance.

Take free money. No matter how in debt you are, if your employer offers a matching contribution on a 401(k) or other retirement vehicle, you must sign up and contribute enough to get the maximum company match each year. Think of it as a bonus.

Your goal should be to pay off your credit card bills in full at the end of each month and set aside money toward your emergency savings.

Never, ever invest money that you will need prior to three to five years - minimum.

To make the most of your money, I recommend sticking with mutual funds that don't charge a commission when you buy or sell.

The less money you owe, the less income you'll need and the less you'll have to save for tomorrow.

Those carrying a credit card balance should scale back to making the minimum payment each month so they have more money to put into savings.

you have less than $100,000 in a Roth IRA:

Money you spend today is money that will not be able to grow and help you reach your most important future goals

you will not owe any withdrawal penalties.

Before you start to save one penny for a child's future college costs, I insist that you have the following financial priorities taken care of: You do not have credit card debt. You have an eight-month emergency savings fund. You have a term life insurance policy. You are saving for retirement; aiming to set aside 15% of your gross salary. Until all of that is in place you are not to think about saving for college.

Many of you have heard me say this repeatedly over the years: There is financial aid for college. There are loans for college. But there is no aid or loans to help you in retirement. There is no aid if you run into a rough patch and you do not have sufficient funds in an emergency savings account to navigate your way out of trouble.

by the time your child is a senior in high school you will want to have the bulk of your account in conservative investments; it is too risky to have your money invested in stocks when you know you will need that money in one to five years.

There are no loans for retirement.

Take a spin through your monthly spending and challenge yourself to cut your nonessential costs by at least 20%—something I recommend whether you are 35 or 75.

If you have been following my advice for years, you are well aware that I think a Roth IRA is the best retirement account you can have.