Quotes & Sayings About Savings

We can all agree that no American should lose their life savings or their home because of illness or injury and that the rising cost of health care severely burdens individuals, families and businesses. — Judd Gregg

According to a recent report drafted by thirty-nine physicians from the Physicians for a National Health Program (PNHP) and endorsed by some 2,500 medical doctors, a movement to "a single payer system would trim administration, reduce incentives to over-treat, lower drug prices, minimize wasteful investments in redundant facilities, and eliminate almost all marketing and investor profits. These measures would yield the substantial savings needed to fund universal care and new investments in currently under-funded services and public health activities - without any net increase in national health spending." In — Bernie Sanders

Reap your harvest. (Benefits) You have been sowing seeds on good soil. (Working Hard) Your garden is overflowing abundantly.(Successful) Now is the time for you to fill your basket with the fruits of your labor. (Savings). Prepare your soil for new seeds. (Investments) — Amaka Imani Nkosazana

Banks hold deposits and savings entrusted to them by individuals, by businesses, by governments and by central banks. They put that money to work, helping people to buy homes, for example, or lending to businesses to invest in expansion. — Bob Diamond

It's the treasure in the empty field; it's worth selling everything to own
your entertainment, your 401(k) or your registered retirement savings plan, your home, your comfort, the sand where you stick your head, your last word, your right answers, your safe and predictable nice little life centered on avoiding heartbreak or inconvenience to your schedule. — Sarah Bessey

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. — Charles Bukowski

The way to build your savings is by spending less each month. — Suze Orman

Never invest emergency savings in the stock market. — Suze Orman

The people have an incentive to spend wisely. So the health care savings accounts are such a good thing. It's such a good idea. And it's time for it. — Donald Trump

Although they arrived in New York penniless, my parents scraped together enough savings to establish the first of several small businesses just after I was born. — Robert Fogel

I naively chose a college that was almost as expensive as Stanford, and all of my working-class parents' savings were being spent on my college tuition. After six months, I couldn't see the value in it. I had no idea what I wanted to do with my life and no idea how college was going to help me figure it out. And here I was spending all of the money my parents had saved their entire life. So I decided to drop out and trust that it would all work out OK. It was pretty scary at the time, but looking back it was one of the best decisions I ever made. The minute I dropped out I could stop taking the required classes that didn't interest me, and begin dropping in on the ones that looked interesting. — Steve Jobs

Savings is an important tool because it can help the poor deal with the ups and downs of irregular earnings and help them build reserves for a rainy day. — Sylvia Mathews Burwell

If you want to be rich, think of the savings and get them. — Benjamin Franklin

But in general, as countries get wealthier, there's going to be more savings, which means you're going to have intermediation. So part of it is just the huge growth in wealth, and part of it was globalization - these companies, these clients getting much bigger and much more global. — Jamie Dimon

I went to the bank and reviewed my savings, I found out I have all the money I'll ever need. If I die tomorrow. — Henny Youngman

In the 1970s we saw a massive shift of household savings from the banks to the brokerage firms. — Ron Chernow

Cisco systems forecasts that by 2022, the Internet of Everything will generate $14.4 trillion in cost savings and revenue. — Jeremy Rifkin

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

Things like taking a few dollars out of a paycheck, putting it into savings, and leaving it there. Or doing a few minutes of exercise every day - and not skipping it. Or reading ten pages of an inspiring, educational, life-changing book every day. Or taking a moment to tell someone how much you appreciate them, and doing that consistently, every day, for months and years. Little things that seem insignificant in the doing, yet when compounded over time yield very big results. You could call these "little virtues" or "success habits." I call them simple daily disciplines. Simple productive actions, repeated consistently over time. That, in a nutshell, is the slight edge. — Jeff Olson

Most savings rates are based on underlying interest rates. — Martin Lewis

Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it. — Will Rogers

Children, we should simplify our life's needs and use the resulting savings for charity. — Mata Amritanandamayi

I have met so many people who had their life savings wiped out, who lost their homes, who are barely back with their heads above water.This was a disaster for our country, and we can never let that happen again. — Hillary Clinton

I'm thankful for the three ounce Ziploc bag, so that I have somewhere to put my savings. — Paula Poundstone

It's disrespectful to tell the French in the morning that you're going to reduce the debt, in the evening that you're not going to make any savings, and the next morning, after thinking about it, that you're going to spend more. — Nicolas Sarkozy

I get so frustrated when people tell me it's unrealistic to create an eight-month emergency savings fund, or have money saved for a home down payment, or pay off their $5,000 credit card balance. — Suze Orman

SHE'D DUMPED HIM. That's all. It wasn't that bad. It shouldn't have been. It's not like they were married. It's not like she abandoned him at the altar, or made off with his best friend and their retirement savings.
People get dumped all the time. — Rainbow Rowell

Scaling back the U.S. fleet of 14 nuclear-armed submarines to eight would maintain a robust deterrent at sea while generating billions in savings and easing pressure on the Navy's shipbuilding budget. — Mike Quigley

Why is no one talking about all the potential savings from a complete economic collapse? — Eugene Mirman

Education is a savings account that you fill by learning and by spending. Even if you spend for the rest of your life, it will only grow to give you joy. — Debasish Mridha

I had come to expect that Chinese friends would make financial decisions that I found uncomfortably risky: launching businesses with their savings, moving across the country without the assurance of a job. One explanation, which Weber and Hsee call "the cushion hypothesis," is that traditionally large Chinese family networks afford people confidence that they can turn to others for help if their risk-taking does not succeed. Another theory is more specific to the boom years. "The economic reforms undertaken by Deng Xiaoping were a gamble in themselves," Ricardo Siu, a business professor at the University of Macau, told me. "So people got the idea that taking a risk is not just okay; it has utility." For those who have come from poverty to the middle class, he added, "the thinking may be, If I lose half my money, well, I've lived through that. I won't be poor again. And in several years I can earn it back. But if I win? I'm a millionaire! — Evan Osnos

I have a fear of poverty in old age. I have this vision of myself living in a skip and eating cat food. It's because I'm freelance, and I've never had a proper job. I don't have a pension, and my savings are dwindling. I always thought someone would just come along and look after me. — Jenny Eclair

Retirement security is often compared to a three-legged stool supported by Social Security, employer-provided pension funds, and private savings. — Sander Levin

By 1971, a quarter of the white students were in private schools, the white families paying tuition many could scarcely afford. Mothers went back to work to help cover tuition, "spent all their savings and forfeited luxuries and necessities in life," some splitting their children up and enduring the "expense and inconvenience of transporting the children long distances to and from school," according to the Mississippi-born scholar Mark Lowry, to avoid having their children sit in the same classroom with black children. In — Isabel Wilkerson

Ages of prolonged uncertainty, while they are compatible with the highest degree of saintliness in a few, are inimical to the prosaic every-day virtues of respectable citizens. There seems no use in thrift, when tomorrow all your savings may be dissipated; no advantage in honesty, when the man towards whom you practise it is pretty sure to swindle you; no point in steadfast adherence to the cause, when no cause is important or has a chance of stable victory; no argument in favour of truthfulness, when only supple tergiversation makes the preservation of life and fortune possible. The man whose virtue has no source except a purely terrestrial prudence will in such a world, become an adventurer if he has the courage, and, if not, will seek obscurity as a timid time-server. — Bertrand Russell

If you've been frugal during your life and tried to save, you're penalised by the tax system. You pay tax on your wages, your savings and even your private pension. — Geoff Capes

The income tax is the biggest single intrusion suffered by the American people. It forces every worker to be a bookkeeper, to open his records to the government, to explain his expenses, to fear conviction for a harmless accounting error. Compliance wastes billions of dollars. It penalizes savings and creates an enormous drag on the U.S. economy. It is incompatible with a free society, and we aren't libertarians if we tolerate it. — Harry Browne

There are basically two ways to help people get sufficient money to fund their entire retirement. The first is to get people to save more money, and to start saving at a younger age. The second approach is to get people to die at a younger age. The easier approach, by far, is getting people to die younger. And how might we achieve this? By allowing citizens to smoke. By subsidizing sugary and fatty foods. By limiting access to preventive health care etc. When we think about retirement savings in these terms, it seems that we're already doing the most we can on this front. — Dan Ariely

Experiences are savings which a miser puts aside. Wisdom is an inheritance which a wastrel cannot exhaust. — Karl Kraus

We must end the iniquitous multi-taxing of the same money. It is not right to tax people's incomes, then their savings on that income, to tax the movement of assets through capital gains tax, stamp duty and tax them again through inheritance tax if they have the audacity to die. — Liam Fox

Businesses are no longer receiving the cost savings from outsourcing that they once did. — Gerald Chertavian

But you, dear #GIRLBOSS, should save 10 percent at the bare minimum. I know it's a lot easier to talk about saving money than it is to actually save it. Here's a tip: Treat your savings account like just another bill. It has to be paid every month, or there are consequences. If you have direct deposit, have a portion of your paycheck automatically diverted into a savings account. Once it's in there, forget about it. You never saw it anyway. It's an emergency fund only (and vacations are not emergencies). — Sophia Amoruso

One can even imagine that inflation tends to improve the relative position of the wealthiest individuals compared to the least wealthy, in that it enhances the importance of financial managers and intermediaries. A person with 10 or 50 million euros cannot afford the money managers that Harvard has but can nevertheless pay financial advisors and stockbrokers to mitigate the effects of inflation. By contrast, a person with only 10 or 50 thousand euros to invest will not be offered the same choices by her broker (if she has one): contacts with financial advisors are briefer, and many people in this category keep most of their savings in checking accounts that pay little or nothing and/or savings accounts that pay little more than the rate of inflation. — Thomas Piketty

The most serious problems lie in the financial sphere, where the economy's debt overhead has grown more rapidly than the 'real' economy's ability to carry this debt ... The essence of the global financial bubble is that savings are diverted to inflate the stock market, bond market and real estate prices rather than to build new factories and employ more labor. — Michael Hudson

Automate your savings so that you have money taken directly from each paycheck and deposited into a 401(k) or other workplace retirement account. If that's not an option, automatically have money transferred out of checking into savings each time you get paid. — Jean Chatzky

In the UK what we've found is that even businesses which prided themselves already on their efficient management find that a really beady-eyed scrutiny of their resource management, with an eye to environmental best-practice and long term sustainability, produce fresh efficiency and fresh savings that actually shock those in the company — Margaret Beckett

In response to the drop in wealth suffered as a consequence of the 2008 financial crisis, homeowners and firms did attempt to increase savings in financial assets by reducing expenditure on durables. — Dale T. Mortensen

I went to jail. I looked like one of those savings-and-loan guys leaving the jail house. — Dave Winfield

A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank. — Ron Paul

Demonstrate ROI. In this approach, you gather and analyze data to prove that a usability change you've made resulted in cost savings or additional revenue ("Changing the label on this button increased sales by 0.25%"). There's an excellent book about it: Cost-justifying Usability: An Update for the Internet Age, edited by Randolph Bias and Deborah Mayhew. — Steve Krug

I've lived on the equator all my life and we never had to change clocks. Now they're telling me time goes forward an hour after midnight? What is this, Narnia? — Joyce Rachelle

The costs savings was a big win, but now we also have a schedule of events and are clearly aware of when our contracts begin and end ... we are much more strategic about how we source now. — Jason Kennedy

President Obama, through health care reform, strengthened Medicare. How did he do that? Well, he found savings by cutting subsidies to insurance companies, ensuring we were rooting out waste and fraud, and he used those savings to put it back into Medicare. — Stephanie Cutter

Cash - in savings accounts, short-term CDs or money market deposits - is great for an emergency fund. But to fulfill a long-term investment goal like funding your retirement, consider buying stocks. The more distant your financial target, the longer inflation will gnaw at the purchasing power of your money. — Suze Orman

The results speak for themselves: Businesses that competitively sourced service contracts saved an average of about 22 percent. Even more impressive - nearly every e-auction delivered cost savings. — Brian Miller

I admit that one should never underestimate the capacity of banks to destroy enormous amounts of accumulated capital and reduce, temporarily, the supply. After all, capital is the accumulated savings of mankind. And banks are great masters in destroying enormous amounts of capital with great regularity. — Arie De Geus

While I wholeheartedly support finding cost savings through efficiencies in all areas of the federal government, including defense, I will resist any actions that would compromise our nation's qualitative edge when it comes to national defense. It is well known that weakness invites aggression. Threats do not always announce themselves in advance. In order to prepare for unpredictable threats, we must modernize our defense systems. We certainly cannot let them age and deteriorate. — Doug Lamborn

Personal savings accounts to me are one of the most powerful things, not necessarily in saving, solvency, or bankruptcy of the program, but in guaranteeing, the words I used a few minutes ago, a safe and secure retirement for our seniors. — Bill Frist

The best place to have some food set aside is within our homes, together with a little money in savings. The best welfare program is our own welfare program. Five or six cans of wheat in the home are better than a bushel in the welfare granary ... We can begin with a one week's food supply and gradually build it to a month, and then to three months. I am speaking now of food to cover basic needs. — Gordon B. Hinckley

The hundred flavors of rare dainties Are no more once you've eaten your fill. You may accumulate private savings But not in your stomach private hoardings! — Wu Cheng'en

What we are trying to do is to look at all of those resources and say, well, would they be better spent on just advocacy and information, or can we make savings out of that and redirect them into savings. — Jay Weatherill

Well-functioning financial systems are important in achieving sustained economic growth. They play a crucial role in channeling household savings into the corporate sector and allocating investment funds among firms. — Toshihiko Fukui

Be Willing to Pay the Price If people knew how hard I had to work to gain my mastery, it wouldn't seem wonderful at all. MICHELANGELO Renaissance sculptor and painter who spent 4 years lying on his back painting the ceiling of the Sistine Chapel Behind every great achievement is a story of education, training, practice, discipline, and sacrifice. You have to be willing to pay the price. Maybe that price is pursuing one single activity while putting everything else in your life on hold. Maybe it's investing all of your own personal wealth or savings. Maybe it's the willingness to walk away from the safety of your current situation. But though many things are typically required to reach a successful outcome, the willingness to do what's required adds that extra dimension to the mix that helps you persevere in the face of overwhelming challenges, setbacks, pain, and even personal — Jack Canfield

The simple index fund solution has been adopted as a cornerstone of investment strategy for many of the nation's pension plans operated by our giant corporations and state and local governments. Indexing is also the predominant strategy for the largest of them all, the retirement plan for federal government employees, the Federal Thrift Savings Plan (TSP). The plan has been a remarkable success, and now holds some $173 billion of assets for the benefit of our public servants and members of armed services. — David F. Swensen

Inappropriate macro economic policies in some economies, characterised by [a] low savings rate and high consumption [and] failure of financial supervision and regulation to keep up with innovation which allowed financial derivatives to spread. — Wen Jiabao

If it took multiple debt ceiling hikes, I'd rather achieve the savings. — Bob Corker

Economists have calculated that every dollar invested in high-quality home visitation, day care, and preschool programs results in seven dollars of savings on welfare payments, health-care costs, substance-abuse treatment, and incarceration, plus higher tax revenues due to better-paying jobs.37 — Bessel A. Van Der Kolk

I have saved $1,638,580 over my four years. That may not seem like a lot, faced with our deficit, but multiply it by 435 members of the House - and then the senators get three times as much - and you are adding up several millions in savings. — Dan Webster

It is true that a population which is growing older needs to save, but the question is in what form the savings are made. — Peter Bofinger

Those carrying a credit card balance should scale back to making the minimum payment each month so they have more money to put into savings. — Suze Orman

Our well-being is proportional to our savings and expenses. — Sunday Adelaja

President Roosevelt, the author of Social Security, was the first to suggest that, in order to provide for the country's retirement needs, Social Security would need to be supplemented by personal savings accounts. — John Doolittle

Retirement savings is probably behavioral economists' greatest success story. It is a prototypical behavioral-economics problem because saving for retirement is cognitively hard - figuring out how much to save - and requires self-control. — Richard Thaler

We need a tax code that promotes savings, investment, achievement, innovation, and hard work. — Erik Paulsen

Voluntary personal savings accounts would enable future retirees to harness the power of the marketplace when saving for their retirements. — Bill Frist

If you wanted to create jobs in a way that has minimal effect on the deficit but has government action, the two best things you could do are the infrastructure bank and a simple SBA-like loan guarantee for all building retrofits, where the contractor or the energy-service company guarantees the savings. So that allows the bank to loan money to let a school or a college or a hospital or a museum or a commercial building unencumbered by debt to loan it on terms that are longer, so you can pay it back only from your utility savings. You could create a million jobs doing that. — William J. Clinton

In our experience at Safeway, we're confident that we can actually improve the quality of health care while taking costs down and using the savings to help finance coverage of low-income people who are clearly going to need help to pay for insurance. — Steven Burd

Enrolling in the Medicare Prescription Drug Program will be a great savings for most senior citizens. — Paul Gillmor

The median savings of households 10 years from retirement is a paltry $12,000; nearly one-third of those 55-64 have no savings. — Anonymous

My first company failed completely. And it failed at about ten months old. I had about 12 months of savings, so when it failed I was thinking: 'Do I go back to work?' And at that point I believed so deeply in what I was doing that I couldn't imagine anything else other than trying to make this business work. — Kathryn Minshew

Knowing my savings could be re-earned, possibly, and my time recaptured, never: I choose to spend my money buying three years of time. — Garry Fitchett

In America, we tax work, investment, employment, savings, and production, while we subsidize non-work, consumption, and debt. It's time we reverse this trend. — Jack Kemp

It is more dangerous to be a great prophet or poet than to promote twenty companies for swindling simple folk out of their savings. — George Bernard Shaw

If achieving the Hong Kong dream becomes a vanishing hope, then our society will suffer. What would the Hong Kong dream be? It's no different from the American dream, whereby an everyday man on the street who works hard would be able to make good savings and use those savings as equity for their future small business. — Richard Li

In our personal lives, we can seek to align our behavior with our values. We can live more simply, at once reducing environmental impacts, saving money, and leading by example. In our public lives - in our workplaces and in our democracy - we can advocate for dramatic reforms in the systems that shape our consumption patterns. We can, for example, advocate the elimination of perverse taxpayer subsidies such as those that make aluminum too cheap and undammed rivers too rare. And we can promote an overhaul of the tax system. If governments taxed pollution and resource depletion, rather than paychecks and savings, prices would help unveil the secret lives of everyday things. Environmentally harmful goods would cost more and benign goods would cost less. The power of the marketplace would help propel the unstuffing of North American life. — John C. Ryan

With our minutes and days and decades, we build houses and savings accounts and busy calendars full of activity. And in some deeper way, we build our reputations and friendships and invest in our kids and careers. We are looking for this life to matter. No, we are actually looking for ourselves to matter. So we keep so busy, so distracted, so in love with everything but our invisible, patient, jealous God. Christ said, "So therefore, any one of you who does not renounce all that he has cannot be my disciple" (Luke 14:33). This covers literally everything. In essence, "Stop eating the flowers! Wake up — Jennie Allen

The median startup is a business that's capitalized with about $25,000. The financing of that business comes from the entrepreneur's savings. The business is a retail or personal service business, a hair salon or a clothing store, that kind of thing. — Scott Shane

Before Volcker's speech, bonds had been conservative investments, into which investors put their savings when they didn't fancy a gamble in the stock market. After Volcker's speech, bonds became objects of speculation, a means of creating wealth rather than merely storing it. — Michael Lewis

We're going to come up with a great healthcare plan, whether it's healthcare savings accounts, we have a lot of different things. We're going to get rid of the lines between states, we're going to have great competitive bidding. But I say all the time, you can call it anything you want. People are not going to die in the middle of the street. People are not going to die on the sidewalk if I'm president, okay? — Donald Trump

I will promote savings and investment by maintaining the 15% rate on capital gains and dividends. I will eliminate the tax entirely for those with annual income below $200,000. — Mitt Romney

For individuals whose only capital is a small balance in a checking account, the return is negative, because such balances yield no interest and are eaten away by inflation. Savings accounts often yield little more than the inflation rate. — Thomas Piketty

What Steve Jobs and I did-and at the same time Bill Gates and Paul Allen did-we had no savings accounts, no friends that could loan us money. But we had ideas, and I wanted all my life to be a part of a revolution. — Steve Wozniak

We should invest in kids like these," we're told, "because it will be more expensive not to." Why do our natural compassion and religious inclinations need to find a surrogate in dollar savings to be voiced or acted on? Why not give these kids the best we have because we are a wealthy nation and they are children and deserve to have some fun while they are still less than four feet high? — Jonathan Kozol

We should expand health savings accounts so people can save in a tax-advantaged way for more routine healthcare needs. — Ted Cruz

If social security depresses savings rates, it is only because it is unfunded. — Robert Kuttner

We can't get to the $4 trillion in savings that we need by just cutting the 12 percent of the budget that pays for things like medical research and education funding and food inspectors and the weather service. And we can't just do it by making seniors pay more for Medicare. — Barack Obama

Expanding eligibility of family planning services to low-income women will maximize cost-savings to both federal and state governments, reduce the disparities in access to family planning services for low-income women, and decrease the incidence of abortion in the U.S. — Rosa DeLauro

Sam Walton's values are: treat the customer right, take care of your people, be honest in your dealings, pass savings along to the customer, keep things simple, think small, control costs and continuously improve operations. — Michael Bergdahl

The banker, therefore, is not so much primarily a middleman in the commodity "purchasing power" as a producer of this commodity. However, since all reserve funds and savings today usually flow to him, and the total demand for free purchasing power, whether existing or to be created, concentrates on him, he has either replaced private capitalists or become their agent; he has himself become the capitalist par excellence. — Joseph A. Schumpeter

When she got to Eileen Reilly, Eileen turned red and said, "I would rather not say." This astounded me, for her father was a handsome, charming salesman at Home Savings Shoes on Main Street - Stan the Shoe Man, my mother affectionately called him. But his daughter had absorbed some disappointment - his, or her mother's - and did not want to speak of how he earned his living. Perhaps that was the moment I learned this as a source of personal shame, or observed the possibility of it. — Lorrie Moore