42 Cool Quotes About Saving Money Wisely

We all talk about saving money for our emergency funds or for our sinking funds but somehow find ourselves not taking action. It’s all talk and no action. It’s time to start saving money every month, a time for action.

In this post I have collected some cool and funny quotes about saving money wisely.

Quotes About Saving Money Wisely

  1. “Saving a small amount soon builds up to a large amount.” – Scottish Proverb.

As I have said before there is a lot of wisdom to be gained from these ancient proverbs. Most of the people that have ended up being super rich started small. So, the little amount that you can set aside can over time grow to a sizeable sum especially if you invest it in stocks, bonds, etc.

This is because now interest rates for savings are too low. And to be honest it is not a clever idea to keep all your money in a savings account as it is rarely the most profitable way.

2. “Saving money won’t get us rich. You have to spend it to get it.” – Jonathan Anthony Burkett.

The spending however must be on assets and not just consumption. Going on a dream holiday while being a good thing won’t make you rich. You therefore need to seriously consider where your money is going.

Latin proverb on saving money wisely

3. “If you buy things you do not need soon you will have to sell things you need.”Warren Buffett.

I like Warren Buffett and I always try to listen to this wise man who knows what it takes to be rich. It is wise to avoid buying things you don’t need. Take time to think through any purchase and over time you will be surprise at what you can achieve.

Warren Buffett - Quotes about saving money wisely
Warren Buffett

4. “No matter how much you eat, save some seeds for sowing.” – Latin Proverb.

Life is not about consumption, you need to set aside some money for rainy days. I am thinking here of emergencies such as illnesses, recessions, etc.

The recent recession has laid bare the fact that most Americans do not have enough in terms of savings. We have seen millions of people flocking to food banks a few days after being laid off. We live in a world where we’re encouraged to spend and spend.

5. “Cutting food waste is a delicious way of saving money, helping to feed the world and protect the planet.” – Tristram Stuart.

Food waste is really a big problem in the western world. I read an article a few months ago that pointed the fact that one of the major contributors of greenhouse gases is food waste. So it is not just a question of wasting food we are also contributing to the depletion of the ozone layer and leading to global warming.

While we are wasting money there are millions throughout the world who have no food at all. It is time we set our priorities correctly.

6. “So many people of wealth understand much more about making and saving money than about using and enjoying it. They fail to live because they are always preparing to live.” – Alan Watts.

There should always be a balance between creating wealth and also enjoying our sweat so to say. Life on earth is short and therefore has to be enjoyed while it lasts. However in doing that we also have to think about the future and how we will be ale to support ourselves.

7. “Restraining, saving, assuring your checkbook balance… What does all that amount to? If I go broke one day I’ll just take out loans.” – Novala Takemoto.

Loans should always be a last resort. Something to be considered when in times of emergencies or for getting assets. In times of plenty never ever take a loan for some luxuries or things that are not necessary.

8. “Save a little money each month and at the end of the year you’ll be surprised at how little you have.” – Ernest Haskins.

We reap what we sow. If we sow sparingly we will reap sparingly too. Therefore if we really dream big then we need to save big too. And use those savings to get assets such as real estate. Real estate investing is probably one of the most reliable investments out there. The value rarely goes down.

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

That is really what savings is really for. You avoid getting things now so that you can get bigger ones later. This is especially true if you reinvest your savings in some profitable assets. This is because keeping your money in savings account is not the most profitable way of keeping money. It is better invested in stocks, bonds, real estate, etc.

10. “Influence is like a savings account. The less you use it, the more you’ve got.” – Andrew Young.

This is another one of the best quotes on saving money wisely that you dare not ignore. It is not enough to save, you have to keep it or invest it. Some of us save this month and in two months’ time, all the savings are gone. That is definitely not a wise thing at all.

11. “A simple fact that is hard to learn is that the time to save money is when you have some.” – Jon Moore.

A really cool way of encouraging people to save their money. When you have money please save some as a priority and not as an afterthought. It should be in your budget.

12. “Save your money. You’re going to need twice as much money in your old age as you think.” Michael Caine.

We sometimes forget that life can be very expensive when you are old. When you are in an out of the hospital due to ageing problems. It is therefore wise for all of us to seriously consider saving money every month or whenever we earn it. This will ensure that you have a good retirement experience for yourself and your family.

Benjamin Franklin - quote on savings -"a penny saved is a penny earned."
Benjamin Franklin

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

Another gem of wisdom from the famous Benjamin Franklin. There are so many advantages to saving money than disadvantages if there are any.

14. “It is critical that kids start to learn the value of money, short-term and long-term saving and budgeting at an early age.” – Alexa Von Tobel.

I wish I had learnt budgeting and saving at an early age. For some reason it was not considered important until I studied to become an Accountant.

Lessons on money management should be compulsory at all levels of our education. There is no way anyone can run away from using money. We simply can’t survive in this modern world without money, unfortunately.

15. “The art is not in making money but in keeping it.” – Proverb.

It is actually very easy to make money nowadays but quite another to keep it. Not when we are bombardied with adverts everywhere we go. At home we see them online or on television. When we go out we will see billboards.

Adverts that want us to believe that we are nothing if we don’t own certain things. And with peer pressure we end up spending money on things we really do not need.

It is therefore vitally important that we learn the art of keeping money. It we master this art we will be in a nice place financially and those friends of ours will be coming to us for assistance.

Related Post: Fear Of Spending Money

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

Unfortunately with the advent of credit cards, the door was opened wide for spending money before we have earned it. This is really an unfortunate period. As a result during seasons such as Christmas people will spend more than they have as they simply use their credit cards. No wonder credit card debt is rising while savings are down significantly.

James Goi Jr, Quotes About Saving Money Wisely

17. “Money goes where it’s respected. So, spend wisely; save and invest carefully; pay bills on time; keep good financial records; get professional help and advice when you need it.” – James Goi Jr.

I wish this saving money wisely quote could be made available to everyone. We need to heed this advice to spend wisely, save and invest. And also to keep good financial records or in simple terms keep track of your expenses. And if for some reason you cannot seek professional advice.

18. “Don’t stay in bed unless you can make money in bed.” – George Burns.

Too hot to handle but shows the importance of hard work. As long you don’t overwork then you should be fine. Always make sure that you have enough rest, otherwise you will pay for the consequences of overworking your body through all sorts of lifestyle diseases. But work hard you must.

19. “If a person gets his attitude toward money straight, it will help straighten out almost every other area in his life.” – Billy Graham.

If there is one area that we all need to put under control then it is the area of money. As the bible puts it, love of money is the root of all evils. Money should not dominate your life.

20. “As slack hand causes poverty, but the hand of the diligent makes rich. He who gathers in summer is a prudent son, but he who sleeps in harvest is a son who brings shame.” Proverbs 10:4-5.

Here is another gem of wisdom from the good book, prudence is needed when it comes to money. Work hard to make money and save some of the money you make for the rainy days.

21. “Rich people have small TVs and big libraries, and poor people have small libraries and big TVs.” – Zig Zigler.

When I read this I remembered Warren Buffett who lives a simple life and yet he is among the top five richest Americans. He drives a simple car and not some big limousine that people with resources that are miniscule compared to his drive. He also lives in a very simple house not the type of house his billionaire friends live in.

This puts to shame some of us who are not even millionaires and yet live beyond our means.

22. “Those who stop marketing to save money are like those who stop a clock to save time.” – Henry Ford.

When you are in business saving money is important but so is marketing your products. If you don’t spend money marketing your products you will not be able to grow your business.

The more your business grows the more you have in terms of assets. You need to spend to make money when in business. There should always be a balance between saving and spending money for marketing purposes and other things. Unless of course, you are Elon Musk and Tesla who do not have to spend money to market their products.

23. “You can be young without money, but you can’t be old without it.” – Tennessee Williams.

Sometimes we forget that we will one day be old and we will need money to fight off some of the challenges that come with old age. It is therefore wise to set money aside for those days.

I am not just talking about keeping money in liquid form but also investing it while you are still young. If you do that by the time you are old you will have enough investments ready to be liquidated if needed.

24. “We were saving, saving, saving then going to France and blowing the money eating. She was a nurse and have never experienced fine dining but she loved it, too. Our mates thought it absurd.” – Heston Blumenthal.

Isn’t this true for most of us too? We save money so that we can blow it by going to some exotic vacation or holiday places on earth such as the Maldives. This is definitely not saving money wisely. Saving money wisely involves thinking about your future needs and less about saving for some present wants and needs.

25. “The people who are taking these loans because it’s the only way they can afford their house are exposing themselves to a lot of risks. They’re not saving money and they’re not building equity, which means they could find themselves in a scenario where they owe more money than their house is worth.” – Ric Edelman.

This is the danger when you are considering investing in real estate. You need to make sure that you really do your research properly. This is especially true when you are considering buying your first home. You don’t want to end up in a situation where you owe more money than what your house is worth.

And if you are not sure, you need to consult professionals in this field. From my experience, I realize that it is very easy to be taken up with emotions when buying your first home and you may end up overpaying.

26. “Dating means doing a lot of fun things you will never do again if you get married. The fun stops with marriage because you’re trying to save money for when you split up your property.” – Dave Barry.

Wow, what was Dave Barry thinking here – saving money for when you split up? But that is life so we have to be prepared for everything when we are saving money. It might help us in the event that we split up with our spouses. Ideally, it is not something that should happen in life but it does happen. We can have good intentions and plans but things may not always follow that script.

Russell Crowe - quote on saving money wisely
Russell Crow

27. “While I was trying to save money to go to the National Institute of Dramatic Art in Australia I ended up getting all of this experience which meant that by the time I had enough money in the bank to go to school I didn’t really need to go to school anymore.” – Russell Crowe.

Most times that is what ends up happening when you love saving money. You save money wisely and you find out that you actually don’t need money for the things you were saving money for. A pleasant surprise. So save money and hopefully, you too will have your own pleasant surprises.

28. “The more surely you rear your children in the ways of the gospel of Jesus Christ, with love and high expectation, the more likely that there will be peace in their lives. Set an example for them. That will mean more than all the teaching you can give them. Do not overindulge them. Let them grow up with respect for and understanding of the meaning of labor, of working and contributing to the home and its surroundings, with some way of earning some of their own expense money. Let your sons save for missions, and encourage them to prepare themselves, not only financially, but spiritually and in an attitude to go out to serve the Lord without selfishness of any kind.” — Gordon B. Hinckley.

We sometimes fail to teach our children the art of saving money. If children learn this art in their childhood it will prepare them well for the future. To achieve this some parents give their children allowances and help them how to manage their finances. There is no better way of learning than by doing. Train your child while he is young and he will remember these lessons all his life.

29. “The potential to save money, paper and trees is enormous.” – Diane Stean.

The potential is always there to save money but unfortunately we don’t take advantage of those opportunities. Even when it comes to saving the paper money itself and thus prevent the cutting down of even more trees to print more money.

30. “Many people take no care of their money till they come nearly to the end of it, and others do just the same with their time.” – Johann Wolfgang Von Goethe.

This is really true for most of us. We spend with abandon until we see that we have too little in our bank account. At that point that is when we start being careful with our expenses. We ought to do this while we still have plenty. That should be time when we should be setting aside some money for emergencies and for the future.

40. “It’s not your salary that makes you rich, it’s your spending habits.” – Charles A Jaffe.

If you want to get rich you need to be in control of your spending. If you control spending you will be able to save money wisely. Not just save but also invest some of it too. This is a lesson that most of us need to learn. We need to master the art of saving money.

41. “Money is a guarantee that we may have what we want in the future. Though we need nothing at the moment it ensures the possibility of satisfying a new desire when it arises.” – Aristotle.

Wise people are not just interested in the present but the future too. We, therefore, need to start to consider saving money for the future too when we will have stopped earning money. When all we need is to rest and just enjoy life.

42. “If you look at what you have in life, you’ll always have more. If you look at what you don’t have in life you’ll never have enough.” – Oprah Winfrey.

This is the problem with most of us as we are never satisfied with what we have. This especially true of the modern generation. They want things and they want them now. They are not willing to wait to acquire their first car and house. They are unlike their parents’ generation that waited many years to acquire some of the stuff that they eventually managed to acquire.

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I can see that you have had a good time reading these quotes about saving money wisely. That is nothing if you are not going to take any action. The recent financial crisis has exposed the fact that most of us don’t save enough for when our incomes will suddenly dry up.