Introduction

We all know that saving money is important, but let’s be honest, it’s not always the easiest and funny thing to do. Feeling torn between paying bills and buying new shiny toys can be really tough. That’s why I’ve put together this article with the best saving money quotes to inspire and motivate us to keep going. Yes, us, because I am also guilty of not controlling my wallet enough and not really appreciating all the hard work I have done do far.

So, whether you’re just starting your saving journey or you’ve been at it for a while, these inspirational quotes are here to offer some valuable insight and advice. I have also prepared some tips on getting your act together and thrive. Let’s dive in and see what wisdom we can master from some of the greatest minds on the subject of saving money!

Saving money quotes

1

“A penny saved is a penny earned.” – Benjamin Franklin

This classic quote from one of America’s founding fathers reminds us that saving is just as valuable as earning money. By keeping our expenses under control and putting a little extra cash aside, we’re essentially giving ourselves a raise! The funny thing with Franklin is that the more Bens you have in your pocket – the more money you can save – but that is another story.

2

“Saving money is a good thing. It means you don’t have to worry about bills and debts.” – Alex Spanos

This quote from the late Alex Spanos, a successful businessman and philanthropist, hits the nail on the head. When we save money, we free ourselves from the stress and worry that often come with financial struggles. By building a financial cushion, we can face the unknown future with greater confidence and peace of mind.

3

“The habit of saving is itself an education; it fosters every virtue, teaches self-denial, cultivates the sense of order, trains to forethought, and so broadens the mind.” – T.T. Munger

An American Congregationalist minister, offers a more philosophical perspective on the value of money saving. Munger suggests that developing the habit of saving will help us cultivate positive character traits like self-discipline, organization, and foresight. In other words, saving isn’t just good for our wallets; it’s good for our souls and characters.

4

“Money is a terrible master but an excellent servant.” – P.T. Barnum

This quote from legendary showman P.T. Barnum reminds us that money is a tool, never a goal. By saving money and using it wisely, we can ensure that it serves us well rather than becoming our master. We have to gain control over money, not the other way around.

5

“A budget is telling your money where to go instead of wondering where it went.” – Dave Ramsey

Trending personal finance guru teaches us the importance of budgeting, which is essentially a plan for saving and spending money. By creating a budget and sticking to it, we can avoid the trap of mindlessly spending our hard-earned cash.

6

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

Warren Buffett surely knows a thing or two about building wealth, and this quote highlights one of his key strategies: saving first and spending second. By prioritizing saving and investing, we can grow our wealth over time and avoid the pitfalls of consumer debt.

7

“Save for rainy days. The world has a way of presenting us with unexpected expenses, and it’s good to be prepared.” – Suze Orman

The quote reminds us the importance of saving for emergencies, or what she calls “rainy days.” By setting aside money for unexpected expenses like car repairs, medical bills, or job loss, we can avoid dipping into our long-term savings or going into debt.

8

“The best time to save money is when you have some.” – Joe Moore

This quote advises us that the sooner we start saving, the better. Whether we’re young or old, employed or unemployed, there’s never a bad time to start building our savings.

9

“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.” – Robert Kiyosaki

Author of evergreen “Rich Dad Poor Dad” emphasizes the importance of building wealth that lasts. This is a little bit on another level, but it’s good to have such a perspective from the beginning. The biggest mistake that people make after getting a raise – they start spending more, they never invest and in the end have nothing to pass to the future generations. By saving and investing wisely, we can create a legacy that benefits not just ourselves, but many more generations ahead.

10

“Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you what they are.” – James W. Frick

This quote from the former Vice President of Research at the University of Notre Dame, reminds us that our spending habits reveal our true values and priorities. By making saving one of our number one priorities, we can ensure that our money is being used in a way that aligns with our values and goals.

Tips

Here are a few tips that can be used to help you put these motivational quotes into action:

• Create a budget: Make a plan for how you will spend your funds each month, including saving a portion of your income. Use a budgeting app or spreadsheet to help you track your expenses.
• Reduce your expenses: Look for ways to cut back on unnecessary expenses, such as eating out less, canceling subscriptions you don’t use, or shopping for deals on essentials.
• Automate your savings: Set up automatic transfers from your checking account to your savings account each and every month. This way, you won’t have to think about saving – it will happen automatically!
• Start small: If you’re new to saving, start with a small goal, such as saving $50 per month. As you get more comfortable, you can increase your savings rate.
• Avoid debt: Whenever possible, avoid taking on debt, especially high-interest credit card debts. If you do have a debt, focus on paying off the worst debt as quickly as possible.
• Shop around: When you need to make a big purchase, such as a car or appliance, take the time to shop around for the best deal. You can save hundreds or even thousands of dollars by doing your research.

I hope these few powerful quotes can help to remind us why saving is so important. Whether we’re striving to achieve financial stability, reduce stress, or become better people, saving money is a part of the journey.

If you don’t have a perfect credit score – you can also check out these credit repair quotes here!