Jack Benny: Save While Salary is Small
on Saturday, May 16, 2015Jack Benny Money Quotation saying it’s harder to save when you are making a lot so save while you don’t have much to save. Jack Benny said:
“Try to save something while your salary is small; it’s impossible to save after you begin to earn more” — Jack Benny
In this quote, comedian Jack Benny is offering financial advice based on his experience. His view seems to be that it is easier to start saving and building wealth when one’s income is relatively modest, as necessities have not yet expanded to consume a larger share of earnings.
Benny implies that as pay increases over time, lifestyle inflation and lifestyle creep tend to rise proportionally, making it more difficult to continue saving significant portions of one’s salary even if the gross amount is higher.
The quote conveys Benny’s perspective that the best time to cultivate the habit and ability to save is early in one’s career before higher earnings enable more spending.
His message encourages taking advantage of the opportunity to save while costs remain relatively low so that the savings foundation can support future financial goals and needs.
Birthday: February 14, 1894 – December 26, 1974