Money and finances play a very important role in our lives. Money serves as a medium of exchange to facilitate various transactions and run our lives. Financial wellness is mainly associated with the control and management of your finances. Financial wellness can otherwise be said as “financial well-being” and refers to the financial health of an individual.

In other words, financial wellness can be said to be the various ways in which finances of individuals intersect with their physical, mental and social wellness. It refers to how secure an individual’s money is given all the variables involving around an unknown future.


Financial wellness is beneficial for you as it frees you from one of the most important concerns – MONEY. Here are some of the effects which financial wellness brings in its wake

      • Stress-free life
      • Quality time spent with family members
      • Better productivity at work
      • Increased attention and focus on the different aspects of life
      • Peace of mind
      • Financial security for the family even in your absence
      • Job promotion due to increased productivity and skill, etc.

Even famous writers, actors, philosophers, novelists, entrepreneurs, political leaders and other well-known figures have stressed on the importance of financial wellness. Let’s see what some of the famous people had to say about the different components of financial wellness

Financial wellness quotes on careful spending

“Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver”. – Ayn Rand

You may want to read: 20 common money mistakes people make

“It’s not your salary that makes you rich; it’s your spending habits”. – Charles A.Jaffe

“Beware of little expenses. A small leak will sink a great ship”. – Benjamin Franklin

“Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you what they are”. – James W.Frick

“Every time you borrow money, you are robbing your future self”. – Nathan W.Morris

“Many folks think they aren’t good at earning money when what they don’t know is how to use it”. – Woodrow Wilson

“Wealth consists not in having great possessions, but in having few wants”. – Epictetus

“Poor spending habits lead to poverty”. – Mac Duke the strategist

“Never spend your money before you have it”. – Thomas Jefferson

“You must gain control over your money or the lack of it will forever control you”. – Dave Ramsey

“If you buy things you do not need, soon you will have to sell things that you need”. – Warren Buffet

Financial wellness quotes on saving

While the above-mentioned quotes stress on the importance of careful spending, the following stress on the importance of saving

“Do not save what is left after spending, but spend what is left after saving”. – Warren Buffet

“A penny saved is a penny earned’.- Benjamin Franklin

You should read: What are goal-based savings?

“If you would be wealthy, think of saving as well as getting”. – Benjamin Franklin

“The habit of saving is itself an education; it fosters every virtue, teaches self-denial, cultivates the sense of order, trains to forethought, and so broadens the mind”. – T.T. Munger

“Small amounts saved daily add up to huge investments in the end”. – Margo Vader

“Prosperity is the fruit of labour. It begins with saving money”.

“Try to save something while your salary is small; it’s impossible to save after you begin to earn more”. – Jack Benny

“Save your money. You are going to need as much money in your old age as you think”. – Michael Caine

“In the long run, it’s not just how much money you make that will determine your future prosperity. It’s how much of that money you put to work by saving it and investing it”.- Peter Lynch

“By saving you are buying your future, by borrowing you are selling your future”.

“Money speaks only one language. If you save me today, I will save you tomorrow”.

“Swim in savings. Don’t drown in debt”.

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Financial wellness quotes on budgeting

To achieve financial wellness, one of the effective measures is to make a budget and follow the budget stringently. Here are some famous quotes on the importance of having a budget and sticking to it

“Having a budget doesn’t mean you can’t have fun. It means you make a plan and don’t let your expenses get out of control”.

“A debt problem is, at its core, a budgeting problem”.- Natalie Pace

“The simplest definition of a budget is telling your money where to go”. – Tsh Oxenreider

“Every cent you own and every moment you spend is always an investment”.- Natalie Pace

“Manage your spending by creating and sticking to a budget”.- Alexa Von Tobel

“Doing a budget means learning an ancient and powerful word: NO”- Dave Ramsey

“Budgeting has only one rule. Do not go over budget”.- Leslie Tayne

“The budget is not just a collection of numbers, but an expression of our values and aspirations”.- Jacob Lew

Good read: How to budget your monthly spends in 2020

“A budget is telling your money where to go instead of wondering where it went”.- Dave Ramsey

Building blocks of financial wellness

Now that you know the main components of financial wellness, there is another viewpoint for achieving financial wellness. It can be said without a doubt that financial wellness is the outcome of financial independence, which, in turn, is the outcome of financial literacy.

If you are financially literate, you would know how to manage your money and invest it in avenues which help in fulfillment of your financial goals. With the application of financial literacy, you can achieve financial independence and an individual having financial independence is said to be financially well.


Financial wellness quotes on financial literacy

“If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed”.- Edmund Burke

“The number one problem in today’s generation and the economy is the lack of financial literacy”. Alan Greenspan

“We were not taught financial literacy in school. It takes a lot of work and time to change your thinking and to become financially literate”. – Robert Kiyosaki

“Those who master money are free to serve others still mastered by it”. – Orrin Woodward

“Financial education is more valuable than money”.- Mac Duke

“People with low financial literacy standards are often unable to take their ideas and create assets out of them”.- Robert Kiyosaki

“Most people should learn to tell their dollars where to go instead of asking them where they went”.- Roger Babson

“Every financial worry you want to banish and financial dream you want to achieve comes from taking tiny steps today that put you on a path toward your goals.”- Suze Orman

“If a person gets his attitude toward money straight, it will help straighten out almost every other area in his life”.- Billy Graham

“Know what you own, and know why you own it”. – Peter Lynch

“Lack of money is no obstacle. Lack of an idea is an obstacle”. – Ken Hakuta

“Being promoted to a top position in your organization, or even being elected to a public office, does not suddenly endow you with financial literacy, if you did not acquire and develop it, earlier in your life.”- Strive Masiyiwa

“While good business ideas are plentiful, many entrepreneurs struggle to understand payroll taxes, health care, and other thorny issues. In other words, they don’t have the financial literacy to scale their businesses and attract investors.

These quotes show that financial literacy is important if you want to be successful in whatever you do and if you want to lead a financially free life.

Financial independence has also been stressed upon by eminent individuals since it is the precursor to financial wellness. A financially independent individual is a financially well individual. Both financial independence and wellness go hand in hand.

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Quotes on financial independence

“If you want to be financially free, you need to become a different person than you are today and let go whatever has held you back in the past”.- Robert Kiyosaki

“If you are not financially independent by the time you are forty or fifty, it doesn’t mean that you are living in a wrong country or at the wrong time. It simply means that you have a wrong plan.

“More important than how we achieve financial freedom, is the why. Find your reasons why you want to be free and wealthy”.- Robert Kiyosaki

“If you will make the sacrifices now that most people aren’t willing to make, later on, you will be able to live as those folks will never be able to live”.- Dave Ramsey

“The best thing money can buy is financial independence”.- Rob Berger

“The key to financial freedom and great wealth is a person’s ability or skill to convert earned income into passive income and/or portfolio income.”- Robert Kiyosaki

“Financial peace isn’t the acquisition of stuff. It’s learning to live on less than you make, so you can give money back and have money to invest. You can’t win until you do this”.- Dave Ramsey

“Working because you want to, not because you have to is financial freedom.”- Tony Robbins

“A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life”.- Suze Orman

“I believe that through knowledge and discipline, financial peace is possible for all of us”. –Dave Ramsey

Financial wellness is a big concept. It is like looking at the bigger picture but when you do that you cannot ignore the smaller bits which help in making the picture whole. Spending carefully, budgeting, saving, financial literacy and financial independence are these smaller parts of the bigger picture of financial wellness. So, understand the importance of all these smaller parts so that the big picture is whole and complete.

If you are an employer, you might want to read the guide on Financial wellness for your employees

The above-mentioned quotes are motivational in nature and also stress the importance of each component of financial wellness. So, if you want to understand how to achieve financial wellness, use these quotes to your advantage and keep motivated in making yourself financially healthy.


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