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“Don’t save what is left after spending, but spend what is left after saving.” – Warren Buffett
This quote reinforces the idea of prioritizing savings before spending. Buffett, known for his incredible success, emphasizes that wealth isn’t built by spending recklessly and hoping to save what’s leftover. Instead, saving first sets you up for long-term financial health.
To put this into action, create a budgeting strategy where saving comes first. Set a specific percentage of your income to go directly into savings or investments as soon as you get paid. Treat it as non-negotiable. Once that’s done, plan your spending accordingly to avoid overspending and ensure that your financial future remains secure.
