Finance & Budgeting
The Power of Frugality: Wise Quotes on Saving Money from the World’s Greatest Thinkers

Saving money is one of the most important things you can do for your financial security. It’s not always easy, but with a little bit of effort, you can make a big difference in your life.
That’s why we’ve put together this list of 25 famous quotes about saving money. We hope these quotes will inspire you to save more and spend less.
Saving money quotes
1. “The habit of saving is itself an education; it fosters every virtue, teaches self-denial, diligence, and thrift, and thus stimulates the betterment of the individual and of the whole community.” – T.T. Munger
This quote suggests that the habit of saving money can be a form of education because it helps to develop various virtues such as self-denial, diligence, and thrift. If people want to save money, it can help not only their own lives, but also make the community a better place.
2. “If you would be wealthy, think of saving as well as getting.” – Benjamin Franklin
This quote by Benjamin Franklin emphasizes the importance of saving money in addition to earning it. It suggests that in order to become wealthy, it is important to not only focus on earning income, but also to be mindful of saving and managing your finances effectively.
You can save more money by thinking about how you use it. Be strategic and proactive about your spending, and you will end up saving more in the long run.
3. “Frugality includes all the other virtues.” – Cicero
This quote by Cicero suggests that frugality, or the practice of being thrifty and economical, encompasses a range of other virtues that can be beneficial in saving money.
Practicing frugality can have many virtues, such as self-control, discipline, and resourcefulness. Being mindful of your money will help you save in the long run by making wise financial decisions.
4. “He that goes a borrowing goes a sorrowing.” – Benjamin Franklin

This quote by Benjamin Franklin suggests that borrowing money can lead to sorrow and negative consequences. By avoiding borrowing, you may be able to avoid taking on additional debt and the associated interest and fees, which can ultimately help you save money.
If you are careful about the money you borrow, you may be able to spend less than you earn and make better choices with your money.
5. “Money never made a man happy yet, nor will it. The more a man has, the more he wants. Instead of filling a vacuum, it makes one.” – Ben Franklin
This quote by Benjamin Franklin suggests that accumulating more money does not necessarily lead to happiness, and in fact may create a desire for even more. By recognizing that money alone cannot bring lasting happiness, you may be more inclined to focus on other aspects of your life and be less driven to constantly acquire more.
This perspective can help you save money by making you more mindful of your spending habits and less inclined to overspend in the pursuit of material possessions.
6. “There is no dignity quite so impressive, and no one independence quite so important, as living within your means.” – Calvin Coolidge
This quote by Calvin Coolidge suggests that living within your means, or spending within your income and saving for the future, can bring a sense of independence and dignity. By living within your means, you may be able to avoid financial stress and worry, and instead focus on your financial goals and priorities.
This approach can help you to achieve financial stability and security, which can be important for overall financial well-being.
7. “Abundance is not something we acquire. It is something we tune into.” – Wayne Dyer
This quote by Wayne Dyer suggests that abundance, or an abundance of resources or opportunities, is not necessarily something that we can acquire through external means such as money or possessions. Instead, it is something that we can tune into through our mindset and perspective.
An abundance mindset means that you focus on what you already have, instead of always wanting more. Then we may be able to shift our focus away from overspending and toward saving and using our resources more efficiently.
8. “You must gain control over your money or the lack of it will forever control you.” – Dave Ramsey
This quote by Dave Ramsey suggests that if you do not have control over spending money, it can have a negative influence on your life and decisions. In order to avoid this, it is important to take an active role in managing your finances and making informed decisions about how you spend your money.
If you have control over your money, you can make decisions based on what you want rather than what you can afford.
9. “Wealth consists not in having great possessions, but in having few wants.” – Epictetus

This quote by Epictetus suggests that wealth is not necessarily determined by the number of possessions a person has, but rather by the number of wants or desires they have.
By having fewer wants, a person may be more content with what they have and be less inclined to spend money on unnecessary or excess items. This perspective can help a person save money by being more mindful of their spending habits and focusing on what is truly important to them.
10. “Wealth is not about having a lot of money; it’s about having a lot of options.” – Chris Rock
This quote by Chris Rock suggests that wealth is not necessarily determined by the amount of money a person has, but rather by the range of options and opportunities available to them.
If you focus on saving money, you will have more options for what to do with your money in the future. This can help you become wealthier. This can help a person save money by allowing them to make more informed and strategic decisions about their finances, rather than being limited by a lack of resources.
11. “The safest way to double your money is to fold it over once and put it in your pocket.” – Kin Hubbard
This quote by Kin Hubbard suggests that saving money is a safe and reliable way to grow your financial resources.
If you choose to save your money instead of spending it, you can keep your money safe and make it grow. This is better than taking a risk by investing it or doing something else with it. This approach can help you save money by allowing you to increase your financial security and stability over time.
12. “A penny saved is a penny earned.” – Benjamin Franklin
This quote by Benjamin Franklin suggests that saving money is equivalent to earning it, and that even small amounts can make a difference.
By saving every penny that you can, you can gradually build up your financial resources without necessarily needing to make huge investments. This approach can be especially helpful for those who may not have a lot of disposable income to invest, as it allows for small, incremental savings that can add up over time.
13. “The secret to getting ahead is getting started.” – Mark Twain
This quote by Mark Twain emphasizes the importance of taking action and getting started in order to achieve success. When it comes to saving money, this can mean starting small and making a consistent effort to save, even if it is just a little bit at a time.
Half the battle is just getting started and building momentum. Once you do that, you can gradually save more money and get closer to your financial goals.
14. “Do not save what is left after spending, but spend what is left after saving.” – Warren Buffett

This quote by Warren Buffett suggests that saving money should be a priority and should come before spending.
If you save money first and then spend what is left over, you are being responsible with your finances. This way, you will have money set aside for the future. This approach can help you save money by making it a habit to prioritize saving and being mindful of your spending habits.
15. “The more money you save, the more freedom and options you have in life.” – Suze Orman
This quote by Suze Orman suggests that saving money can increase your freedom and options by providing you with financial security and flexibility.
Accruing more savings can provide you with a range of options to utilize your funds and make decisions that reflect your ambitions and values. This can help you save money by allowing you to make more strategic and informed financial decisions, rather than feeling limited by a lack of resources.
16. “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
This quote by Robert Kiyosaki suggests that the key to financial success is not necessarily how much money you make, but rather how well you manage it and how long you are able to keep it.
If you save and invest your money carefully, you can make it grow. This will help you in the future. This perspective recognizes that money is only a tool and that the key to financial success is how it is used and managed. If you adopt this mindset, you can save money by being more careful with your money and making sure you use your resources wisely.
17. “The best time to start saving was 20 years ago. The second best time is now.” – Chinese Proverb

This Chinese Proverb suggests that it is never too late to start saving money and that it is important to start as soon as possible.
If you start saving money now, you will have more money in the future. This will help you be financially secure and stable, even if you could not save in the past. This quote emphasizes the value of taking action and making saving a priority, regardless of how much time has passed.
18. “Saving is a very fine thing. Especially when your parents have done it for you.” – Winston Churchill
This quote by Winston Churchill suggests that saving money can be a beneficial and positive habit, especially if it has been modeled for you by your parents. By learning about saving and financial responsibility from an early age, you may be more inclined to adopt these habits and make them a part of your own financial management practices.
19. “The man who saves money by not advertising is like the man who stops the clock to save time.” – Henry Ford
This quote by Henry Ford suggests that saving money by not advertising may be short-sighted and ultimately not effective in the long run.
If a business invests in advertising and marketing, it will become more well-known and more people will want to buy its products or services. If a business does not advertise, it could be missing out on chances to make more money and become successful.
This quote highlights the importance of making strategic financial decisions that consider the long-term impact on a business’s success.
20. “To become financially independent, you must learn to live below your means.” – Suze Orman
This quote by Suze Orman suggests that in order to achieve financial independence, it is important to live within your means and not spend more than you earn. If you spend less money than you have, you can save money. This can help you have more money in the future if something bad happens.
21. “The art of living easily as to money is to pitch your scale of living one degree below your means.” – Sir Henry Taylor
This quote by Henry Taylor suggests that in order to live comfortably and easily with regard to your finances, it is important to adjust your spending to be slightly below your income level. By doing this, you can save money. This will help you have more money for later.
22. “Frugality is the daughter of prudence, the sister of temperance, and the parent of liberty.” – Samuel Johnson
Frugality, or the practice of being thrifty and economical, is related to several other virtues that can be beneficial in saving money. Prudence, or being wise and careful in decision-making, can help you make more informed financial decisions. Temperance, or self-control and moderation, can help you avoid overspending. And liberty, or freedom, can be increased by having financial stability and security.
If you adopt these virtues and are careful with money, you may be able to save money and improve your overall financial well-being.
23. “The way to wealth depends on just two words, industry and frugality.” – Benjamin Franklin
This quote by Benjamin Franklin suggests that the key to building wealth is to be both industrious, or hardworking and productive, and frugal, or thrifty and economical. By combining these two qualities, you can increase your income and save money, which can help you build financial stability and security.
24. “The foundation of lasting prosperity is saving, not spending.” – David Bach

This quote suggests that saving money is a key component of achieving lasting prosperity, or financial stability and success. This method can help you save money by allowing you to focus on your long-term financial goals and make strategic financial decisions that align with your priorities.
25. “A penny saved is still just a fucking penny.” – Dan Lok
This one speaks for itself.
10 Tips for saving money
Here are some tips for saving money:
1. Set financial goals: Determine what you want to save for and create a plan for achieving it.
2. Make a budget: Track your income and expenses to understand where your money is going and identify areas where you can cut back. There are many types of budgeting, check out our guides on zero-based budgeting, the 50/30/20 rule, and cash flow budgeting.
3. Cut unnecessary expenses: Look for ways to reduce your spending on non-essential items and services.
4. Shop around: Compare prices and look for deals to get the best value for your money.
5. Use budgeting apps: There are many apps available that can help you manage your budget and track your spending. These apps can make it easier to see where your money is going and identify areas where you can save.
6. Automate your savings: Set up automatic transfers to a savings account so you can save without having to think about it.
7. Save windfalls: When you receive unexpected money, such as a bonus or tax refund, put it into your savings instead of spending it.
8. Negotiate your bills: If you have been a loyal customer, try negotiating your bills or service fees to save money.
9. Look for free or low-cost alternatives: Instead of paying for entertainment or activities, look for free or low-cost options.
10. Get creative: Consider finding ways to earn extra money, such as through a side hustle or by selling items you no longer need.
Wrap up on saving and spending money
We discussed a variety of quotes on saving money and explored how they can help individuals and businesses save and manage their finances more effectively. The quotes emphasized the importance of setting financial goals, creating a budget, cutting unnecessary expenses, shopping around, automating savings, negotiating bills, and looking for free or low-cost alternatives.
We also highlighted the value of budgeting apps and the role of discipline, self-control, and resourcefulness in saving money.
If you follow these tips and learn to save money and be responsible with your finances, you can build financial stability for yourself and your business in the future.
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