10 Best Quotes About Saving Money

Posted on July 26, 2022 by Oozle Media

For as long as money has been around, people have let it control them. Everyone has different thoughts and opinions about money, but most people would probably agree that saving money is important. Saving money teaches important life principles, and protects us from future circumstances. We know there are a lot of thoughts about this topic, so here are some of our favorite quotes about saving money.

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

savings account screen on a laptop

Warren Buffett is one of the richest people in the world, so it makes sense he has opinions on money. We like this quote because it is a simple idea to remember. Next time you get paid, put a portion of that money into a savings account, and then budget what’s left. That way, you’ll already have money saved when you pay off your expenses or when unforeseen emergencies arise.

2. “Never spend your money before you have it.” – Thomas Jefferson

This quote seems pretty straightforward. But it’s easier than you think to spend money you don’t have. Credit cards are often used when we can’t afford something, but that’s an easy way to go into debt. We know credit cards and loans are great ways to build necessary credit, so use them! But make sure you are able to immediately pay off what you spend or can afford the monthly payments on a loan. When in doubt, save up and pay cash when possible.

3. “By definition, saving – for anything – requires us to not get things now so that we can get bigger ones later.” — Jean Chatzky

We know those small weekend getaways or fancy dinners are fun! But, if you choose to forgo those activities for a while, you’ll be able to afford a long, luxurious vacation in the future. Same goes for other things. Take public transportation while you save up for your dream car. Thrift your wardrobe to buy a new expensive dresser. There are plenty of ways to skip spending now, and save money for later.

4. “Beware of little expenses; a small leak will sink a great ship.” — Benjamin Franklinsmall piggy banks outweigh one large one

Sure, a coffee from the cafe down the street here and there won’t break the bank, but a daily coffee just might. Too many of these seemingly inexpensive coffees can add up to a large sum. Same goes for other small purchases. Make sure you’re keeping track of how much these little expenses add up monthly, and then budget them in if they’re important to you!

5. “Someone’s sitting in the shade today because someone planted a tree a long time ago.” — Warren Buffett

You never know what today’s efforts might bring in the future. Saving now can benefit you in the long run– with a larger savings account and healthy spending habits that can be passed down through your family for generations.

6. “A budget is telling your money where to go, instead of wondering where it went.” — John C. Maxwell

a couple budgeting

Don’t let money or the lack thereof control your life. Take control! Creating a budget is the perfect way to do that as you can see exactly where your spending is going. You’ll be in charge of how much you spend instead of spending as you go and then wondering where your money went.

There are many budgeting apps out there that can help you get started on saving, or reach out to LSA for help! 

7. “Every time you borrow money, you’re robbing your future self.” — Nathan W. Morris

We know emergencies happen. Borrowing money may seem like a good idea at first, but when it comes time to pay it off, there may also be other expenses you weren’t anticipating. That’s why having a solid savings is important. There’s no immediate need to pay it all back like you do when you borrow money. You can build it back as time goes on.

8. “It is never too early to encourage long-term savings.” — Ron Lewis

Building healthy spending/saving habits early in life can bring about lifelong benefits. Start saving as soon as you can, and teach your children how to do so also! Encourage them to put part of what they make into savings, even if it’s a tiny amount. Any saving is better than none!

9. “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

child saving money

This quote is possibly our favorite. What people often forget is that saving money doesn’t just build a larger bank account, it also teaches other important skills. It allows you to stay organized, practice self-control and helps you plan for your future. Saving money can help you see the worth of things, besides money.

10. “A man who both spends and saves money is the happiest man, because he has both enjoyments.” – Samuel Johnson

We’ve talked a lot about saving money, but we know that spending money is equally important. What’s important is to find the balance between the two. Saving money isn’t worth much when you aren’t spending it. Why save money for a trip to Greece if you won’t book a ticket? Life is to be enjoyed, and sometimes that has a price tag.

Lightheart, Sanders & Associates is Here to Help

At LSA, we understand that saving money can be stressful. Sometimes guidance is needed. That’s why we’re here to help! Our accounting firm provides tax services, audits, and accounting consulting. Feel free to contact us with any questions you may have, and start saving today!

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