I live by savings advice I got from my friend's grandmother - Business Insider

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The words 'make a little, save a little' helped turn her from a risk-taking spender to a diligent saver

I didn't think I needed to

My friend's grandmother gave her an important piece of advice: "If you make a little, save a little. If you make a lot, save a lot." Her grandmother's story showed the power of this philosophy. Before I heard the advice from my friend's grandmother, I assumed that, if I didn't have much money, there was no point in saving. The amounts would be so small that saving would be an exercise in futility. "Save a little, save a lot" resonated with me, however, and I decided to become a saver. I realized that my plan to start saving once I struck it rich was likely to fail. People tend to be savers or non-savers.

. This is an irregular contribution to my savings. These larger inflows of cash have helped me build my reserves. It's satisfying to see my savings account balance take a big step up. And, as I become used to having more money in savings, I'm motivated to save more.

 

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