When it comes to money and finances, many people are on the search for best practices and advice to help them on their way. Even financial institutions are getting in on this trend, offering things such as automatic transfers to savings accounts, or “top up” saving for each debit transaction you perform. Any steps you take are steps in the right direction!

Below are several quotes and advise from different people on saving and investing:

“Learn to live on 80% of your after-tax income and save the rest for retirement.”

“When money realizes that it is in good hands, it wants to stay and multiply in those hands.”

“Live below your means. Simplify your financial life and stop trying to keep up with the Joneses. The Joneses are in debt.”

“The speed of your success is limited only by your dedication and what you’re willing to sacrifice.”

“Understand that FOMO – fear of missing out – is driving many of your money decision.”

“Every time you borrow money, you’re robbing your future self.”

“Understand that paying off debt is the only guaranteed positive rate of return.”

“If money management isn’t something you enjoy, consider my perspective. I look at managing my money as if it were a part time job. The time you spend monitoring your finances will pay off. You can make real money by cutting expenses and earning more interest on savings and investments. I’d challenge you to find a part time job where you could potentially earn as much money for just an hour or two of your time.”

“Understand that investing is a marathon, not a sprint. Do now allow irrational and impulsive emotions to alter your long-term plan.”

“Become a minimalist. Eliminate clutter from your life by living with the 100 things that you wear and use the most.”

“To have a better understanding of how much you really need to save in order to retire comfortably. Find an advisor who asks you what your goals and values are and who doesn’t just focus on performance and fees.”

“Money does not dictate your lifestyle, it’s what you do to get it and how you manage your finances that determines your lifestyle.”

“Retire when you have practiced living on your retirement budget. I have seen people fairly adamant that their grocery budget for two adults would be $300.00 a month. Perhaps I need to take some shopping lessons from them!”

“If you don’t take care of your money your money won’t take care of you.”

“Ask questions and be engaged – financial/retirement planning is a team sport.”

“Many people lack discipline when it comes to saving money. What good is having a bunch of stuff if you’re struggling, in debt or broke most of the time? So many people put up a front like they’ve got it going on, but they know the truth. They spend all of their money trying to look important, and/or keep up an image. Knowledge is everything! Educate yourself about money, investing, and saving. I encourage you to start investing in yourself instead of things! Set yourself up for a better future and start making better choices. Building wealth takes time! Have discipline. Save. Stay consistent. Be brave enough to change your spending habits. Be wise! Don’t allow money to control you. Strive to have a healthy relationship with money!”

A financial advisor can look at your specific situation and backed with the knowledge and expertise of current trends and financial forecasts, he can offer you the soundest advice for the best place to save or invest your money. At Belmont Health & Wealth, consultations are always free, and the more knowledge you have the wiser your decisions can be about making the most of your hard-earned dollar.

At the end of the day, the key to financial success is to spend less than you make. What are some money tips and tricks that have worked for you?