It is not How much you earn but it is how much you are saving.

I agree it doesn't take a big salary to be able to save. Right now, I don't have a job but I have my online income and besides using it to pay for my rent and tuition, I have been able to put a little bit away in a savings account. I try not to spend money on anything except the basic necessities like housing, food and clothes. Right now, I have about three hundred dollars in my savings that I have been putting away for about two years and I am really proud.

Actually this is a quite interesting thought, where I come from it is said; "what is saved is earned" Which somehow is true. Though it is also important not just to stack the money away since if it only sit on the bank account it will not grow. I know you then claim I get Interest on the money I have in the bank. But honestly if it is not a special high yield bank interest rate you got but more a standard bank account or savings account the interst rate is usually lower than the inflation. This means that by time your money gets less worth even though it looks like you got more of it... *worth a thought*

This is of course good advice, we all know that a little more saved is a little closer to a bigger goal but i need more help with my budgeting problems than that with my debts and savings im still so far behind, the riches i dream of seem more than a life time away. But i am determined not to let this happen and am counting my every penny. For a greater good.

I like to sabve some of the money I earn too and that way I always have money to pay for unaccounted for items. I also save all my online earnings if possible for travelling once a year.

Can I get an amen? Of course, you can make millions and millions and millions of dollars(I know not many are making that much money, but work with me here). However, what good is it if you just blow every single dollar that you earn, before it really settles in your pocket. It is really not all that good and it is a very short sited approach in life. Sure, there are many people who are going to really have great lifestyles where they are raking in six figures or more a year but nothing is forever. What if you lose your job and are out for a long time? I bet you wish you would have saved some of that fat paycheck right now. Many people tend to really spend, spend, spend, living for this day, when they don't realize that tomorrow is going to be a day where they might be a bit lighter in the pocket book. Therefore, they really do need to keep saving. Obviously some of us can save more than others but still a little bit here, a little bit there, it all adds up.

Yes, it is not how much money you make, but how much money you keep, and how hard those money work for work for you. Saving alone is not enough. You must both save and invest. The rich don't work for money. Instead, they make their money work hard for them.

Saving is very important. Most of my savings is penciled into my salary. I have a 410k taken out every month and also a stock trade taken automatically out of my check. Of course as a teacher I also get Teachers retirement but they way the economy is going maybe it is still not enough.

I have decided to save up some money every month. My husband and I recently bought a house and we have had a lot of extra bills, so we had to spend most of our savings. Now we want to save up money again. If we save up a part of our salaries every month we will be able to start a new savings account. We don't have a lot of money to save each month, but it still adds up, and hopefully we will be able to save up money for travelling that way. We also want to save up some money emergencies so we are not going to spend all of it on travelling.

Indeed! no matter how much you earn, it's your savings that counts. I skip a weekly family outing in order to save money,instead we do it once a month.

I agree, I don't really earn that much money compared to many of my peers however I limit my spending and try and save as much as I can and my savings are considerably larger than some of theirs. Saving money is addictive once you start!