If you want to learn about personal finance you should know these 10 proverbs about money that are still true today. These proverbs are used around the world and have been known for years. And I can bet that you, yes I am talking to you…! You have listened to these proverbs many times but you just like most other people take it for granted.

These pieces of advice were true in the past and also applicable in today’s world. So here are a few financial proverbs and sayings that if followed can help you achieve your financial goals.

1. A Russian quote is quite famous – “Spending is quick; earning is slow.”

It’s easy and quick to spend money – we can spend thousands of dollars in the swipe of a card or tap of a smartphone but it is very hard and takes a lot of time, effort, and patience to make money. So next time you are about to swipe your card in the Best Buy store or about to make an online purchase ask yourself is it really necessary? Can I use this money for more important things?

2. Never spend money before you have it.

I don’t have any idea who said this but I am amused by the people. People spend money before it comes in. They spend all their money using their credit card and then pay the credit card bill as soon as they get their paycheck. So spend your money wisely. Never use a credit card up to its limit; use only 30 to 40%.

While Some debts are inevitable when it comes to home and education. The key here is to identify your essential and nonessential expenses and reduce the nonessential expenses.

3. “Top 15 Things Money Can’t Buy – Time. Happiness. Inner Peace. Integrity. Love. Character. Manners. Health. Respect. Morals. Trust. Patience. Class. Common sense. Dignity.”
— Roy T. Bennett

Time yes we can’t buy, Happiness we sure can, inner peace has no connection with having money or not, integrity and love we can’t be sorry, characters we can build, manners we learn when we have money, health again if a poor have cancer he will surely die without money but if you have the money you can buy treatment, not health.

Also read – Master Your Money: 13 Key Financial Tips for Success

4. If you buy what you don’t need, you steal from yourself.

If you buy what you don’t need it is only you and your future that will suffer. People still spend their money knowing that and I know it is kind of hard I have been in that place. But I controlled myself as I noticed that spending money on today’s wants means I might not be able to afford tomorrow’s needs. So I just spend on my needs today so that I can save and invest money and fulfill all my wants tomorrow.

5. A fool and his money are soon parted. – Dr. John Bridges

This is not only true for fools though this applies to all those who make very poor choices with their money. So they never have money in their pocket. Never think that your money will always be there with you. Learn more about money, to make positive choices with your money.

6. Interest on the debt grows without rain. – Yiddish

Debt grows by itself. I took a study loan of 2 million Indian rupees and I paid back about 2.5 million. so I understood that interest on debts is quite faster than they give on deposits. This is how banks make money. Always keep track of education loans, home loans, or vehicle loans as the interest on your debt will accumulate no matter what.

Also read – Why Most People Will Not Become Rich And Successful

7. Creditors have better memories than debtors. – Ben Franklin

Believe me just because you can’t remember who you owe and how much you owe that doesn’t mean that your crediters will also forget. So keep good records of how much you owe, make a list of all your creditors, and make a plan to pay them back.

8. When I have a little money, I buy books; and if I have any left, I buy food and clothes.”— Erasmus

Money spent on books is never wasted. Read books related to investment, money, and how money works. This will not only help you save money but also grow your money over time. Here are 5 Books To Learn About Generating Passive Income Sources.

9. Rather go to bed supperless than rise in debt. – Ben Franklin

Okay, don’t take Ben Franklin too literally here. you don’t have to starve but his actual point is to pay off your debts as soon as possible.

You may have needs and you borrow money to satisfy those needs or wants, but you should never forget that borrowed money is still borrowed money and in the morning it will be due.

10. Save for a rainy day. – Aesop

We don’t prepare ourselves for situations like the pandemic. We don’t have enough savings. In COVID people were panicking because they had no source of income, no savings or savings that could fuel them for a few months. So always plan ahead. You should have enough money that can at least support you for 6-12 months without a job.

11. Lend your money and lose your friend. – William Caxton

If you want to borrow money then the bank is the best place. Yes, I know it’s possible to lend or borrow money from friends and family but it creates unnecessary tension in your relationships. So choose a bank as the bank will never ask for money before the deadline and will not tell anyone that you took money from them.

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Few more that I like:-

1. “I guess money can’t buy happiness if you shop in the wrong places.”
― Nora Roberts, Tribute

2. “Rule No. 1 : Never lose money. Rule No. 2 : Never forget Rule No. 1.”
― Warren Buffett

3. “America does not know the difference between money and sex. It treats sex like money because it treats sex as a medium of exchange, and it treats money like sex because it expects its money to get pregnant and reproduce.”
― Peter Kreeft, How to Win the Culture War: A Christian Battle Plan for a Society in Crisis

4. “If you don’t find a way to make money while you sleep, you will work until you die.”
― Warren Buffett