Dan Ariely Saving Quotations

With money we really fool ourselves. We are our biggest enemies with money and there are some things we can do about it. Automatic deductions are a wonderful thing. But ideally, you should wait until the end of the month, you can see how much extra money you had, and you should put that in your savings account. We don't do that too well, and if we did that, we would never save. So, what we do, is we take money out of our pocket into the saving account at the beginning of the month, take it outside of our control and as a consequence, we spend less and we save more.

It was shocking to realize how many low-income Americans don't have savings accounts.

When you get a checking account, you should have a savings account, and the number for the savings account should be one off of your checking account.

Rainy day savings are incredibly important, because from time to time, bad things happen. And if you're not prepared for that, it's going to be really terrible.

What reminds you in your environment about saving? Nothing.