Quotes About Savings

At a minimum I want you to figure out a way to set aside 15% of your pre-tax salary each and every year, starting as early as possible. If you wait until your 40s and 50s to get serious about saving, you will need to set aside 25% or more of your gross salary.

STEP 1. Save in a 401(k) plan if your employer offers a matching contribution. Contribute enough to qualify for the maximum company match.

STEP 2. Contribute to a Roth IRA.

STEP 3. Increase your 401(k) contributions.

you can invest through TreasuryDirect.gov. Just remember to stick with shorter-term issues—maturities of five years or less.

the car costs less than $20,000, take a cash-back offer. If it is more than $20,000, a zero-percent-financing deal is better.

for the higher deductible on your car insurance; it will reduce your cost by as much as 30 percent, and will keep you in the insurance company's good graces.

You can open a Roth IRA account at almost any financial institution, from credit unions to discount brokerages such as Fidelity Investments, Charles Schwab, TD Ameritrade, and Vanguard.

I am going to challenge you not merely to live within your means, but to live below your means.

Accelerating your mortgage payments is something to be considered only if you are in good financial shape. That means: • You have an eight-month emergency savings fund. • You do not have any credit card debt. • You own your car outright, and you are saving for when you will need to purchase another car.

Reduce your monthly expenses so you can add more to your mortgage payment.

If you contribute to a 401(k) up to the point of the match:

If you have less than $100,000 in your traditional IRA: Keep investing in your IRA, but once you get within 10 years of retirement, consider reducing your IRA contribution by 50% and use that money to pay down your mortgage. For example, let's say you are contributing $500 a month to your IRA. My advice is to reduce that to $250 a month and then put the remaining $250 into accelerating your mortgage payments.

The thrifty and prudent are on the way to riches, for while they spend wisely they save carefully, and gradually enlarge their spheres as their growing means allow.

Yet they believe blindly in the stock market, and in the abilities of their pension plan manager. Why do they do so? Because they accept that this is what people should do with their savings, because experts tell them so. The doubt their own sense, but not for a second do they doubt their automatic purchases in the stock market.

We have this culture of financialization. People think they need to make money with their savings rather with their own business. So you end up with dentists who are more traders than dentists. A dentist should drill teeth and use whatever he does in the stock market for entertainment.

So many people are doomed by their ambition and their gathered intelligence, their bank account and savings and loan intelligence. If there is any secret to life, that secret is not to try. Let it come to you: women, dogs, death, and creation.

I like Costco. They got me to be an executive member, so I'm, like, a business class member. Somehow, I'm going to end up saving money or something. The thing is, I don't moderate very well, so I buy things that are supposed to be for a family or last for a week, but they never do.

The most efficient labor-saving device is still money.

Money looks better in the bank than on your feet.

Find $50 a month for savings. No excuses!

People willy-nilly borrow for consumption. Civil servants willy-nilly borrow for consumption and then wonder why they don't have enough money at the end of the month.

I was working a full-time job but not having anything in my savings account at the end of the month because of my bills and because acting in the beginning costs money.

Eliminating or substantially lowering just one major monthly expense can give you enough cushion to move into a more comfortable place financially.