We all know that saving money is important, but it can also be tough to do! If you are having trouble saving money, here are 11 amazing saving money quotes that’ll inspire you to save.
These 11 saving money quotes have popped up time and time again throughout my financial journey, and I always come back to them and find them helpful to read when I am lacking a little motivation to save, so I hope they’ll help you, too!
Here are 11 Amazing Saving Money Quotes That’ll Inspire You to Save!
1. “Do not save what is left after spending, but spend what is left after saving.” – Warren Buffet
This quote is a reminder that before you do anything with your money, you should first save some for yourself. Once you save, then you can do whatever you’d like with the rest of money.
All too often, people make saving their money their last priority, when really it should be their first. When you get paid, it can be tempting to immediately spend your money on that new item you’ve been eyeing, or that trip with your friends. And that’s perfectly fine! Just be sure to put a little money away for you and your future first.
2. “Never spend your money before you have it.” – Thomas Jefferson
If you have a credit card, you likely have access to a good chunk of credit. Credit cards can be really useful for things like cash back and airline miles, but if you are strictly using a credit card to buy things you don’t actually have the money to buy, this can be a slippery slope.
The more money you spend on a credit card that you don’t have, the harder it will be to pay it off. The longer you take to pay off the balance, the more money you are accruing in interest. Essentially, this means that there’s an additional charge on the money that you used because you haven’t paid it back in time.
To avoid any sort of debt, it’s best to never spend money that you don’t have, if you can avoid it.
3. “Stop Buying Things You Don’t Need, to Impress People You Don’t Even Like.” – Suze Orman
When you buy new things, are you buying them for you and because they make you happy, or are you buying them to impress people that you don’t even really care about?
If it’s to impress other people, you might want to think twice before that purchase the next time. When we buy things we don’t need or want, we are simply spending money unnecessarily. This money could be better used in a high-yield savings account or in one of your investment accounts.
If you tend to shop a lot, it can be hard to choose to save or invest your money instead of buying something new. But once you see the balance on your savings or investment accounts begin to rise over time, you’ll be so happy you prioritized paying yourself first instead of buying something you don’t need to impress people you don’t even like!
4. “Every Time You Borrow Money, You’re Robbing Your Future Self.” – Nathan W. Morris
Sometimes taking loans/borrowing money is just totally unavoidable, but this is an interesting quote to keep in mind because in many ways it is completely true.
For example, if you take out student loans while you are in college, one day you will have to pay back those loans. Oftentimes, paying back loans, especially when a lot of money was loaned, can take many, many years and cost you hundreds of dollars a month. That means that your future self, the one who has to make all of those student loan payments, doesn’t get to use that money for something else like saving or investing.
The same goes for credit card usage. If you are using your credit card to buy something that you don’t necessarily have the money for, one day you will have to pay that money back. Again, this means you are robbing your future self of that freedom to use that money however you’d like.
5. “A budget is telling your money where to go, instead of wondering where it went.” — John C. Maxwell
If you are constantly getting paid and then a few days later wondering where all of your money went, it’s probably time for you to try budgeting.
Just like John C. Maxwell says, a budget is telling your money where you want it to go. With a budget, you designate certain categories that you know you will have to spend money on, and then you decide how much money you will spend on each of those categories. For example, common budgeting categories are things like your rent or mortgage, gas for your car, groceries, internet and “fun”.
There are various budgeting methods like the 50-30-20 method and the zero-based budgeting method (which is what I use!). You can check out my zero-based budgeting guide here to learn more about budgeting in that way.
No matter what method you decide to use, budgeting is a great way to feel more in control of your money.
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6. “The quickest way to double your money is to fold it in half and put it in your back pocket.” —Will Rogers
This quote by Will Rogers will remind you to play it safe with your money. You might not necessarily want to fold it in half and put it in your back pocket (lol) but it’s definitely smart to keep it to yourself and use it to your advantage by either saving it or investing it.
7. “Twenty years from now you will be more disappointed by the things you didn’t do than by the ones you did.” – Mark Twain
This quote isn’t specifically geared toward the topic of money, but it can definitely serve as a reminder in the financial sense any way.
Twenty years from now, how old will you be? Do you envision yourself having a lot of money saved? Are you nearing retirement? Do you have money saved for your retirement if that’s the case?
If you can’t answer these questions clearly, it may be time to start taking your saving and investing practices a little more seriously. Twenty years from now, you’ll probably definitely want to have some money invested and/or saved for your retirement or just your life in general!
8. “If you’re serious about changing your life, you’ll find a way. If you’re not, you’ll find an excuse.” – Jen Sincero
This is another quote that isn’t exactly directly related to money, but it can serve as great motivation to save.
Saving money can be really difficult. You have to put aside your immediate desires for delayed gratification. Investing is similar. Instead of spending your money now, you put it away to not be seen for years and years in hopes that it grows.
But if you are serious about increasing your savings, and building wealth in general, you will find a way. You won’t be deterred by immediate temptations because you’ll remind yourself why saving and investing is important.
9. “Money speaks one language: if you save me today, I’ll save you tomorrow.” – Unknown
Why is saving money so important? We have no idea what the future may bring, but if something does come up that requires a bit of money (like an emergency or some other necessary purchase) it can really help to have money to fall back on. If you don’t have the money saved, you will likely have to take on debt which can add stress to a situation that may already be stressful.
Savings can save us. It’s worth it to start putting money aside now just in case you need it later.
10. “If you live fake rich now, you’ll be real broke later.” – Unknown
If you find yourself buying things that you can’t afford, you will find yourself putting a lot of money toward your debts later. This can be a very stressful way to live.
If you can, it is best to practice self control and only buy the things you can truly afford. If you don’t have the cash to buy something now, try saving up for it until you do. Otherwise, it’s best to hold off.
11. “It’s not your salary that makes you rich, it’s your spending habits.” -Charles A. Jaffe.
Your salary is absolutely something that can aid in your wealth building, but if you don’t know how to spend your money appropriately, you won’t get anywhere.
Someone making $40k a year can be doing a lot better financially than someone making $100k a year simply by making better choices with their money. If the person making $100k spends all of their money, while the person making $40k chooses to save and invest a portion of their income, they are setting themselves up for success.
How you choose to use your money is key. You can choose to be intentional about how much you save and invest so that you can build wealth, or you can spend all of your money – the choice is yours!
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