Income and Investments Happy Father’s Day! The Best Savings Tips from Our Authors’ Dads Read the Article Open Share Drawer Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window)Click to print (Opens in new window) Written by TurboTaxLisa Published Jun 17, 2018 2 min read Father’s Day is here! From life lessons to learning how to throw a baseball, we gain a lot from our fathers, especially when it comes to savings. To celebrate Father’s Day, we thought it would be fun to hear what savings tips some of our authors learned from their fathers. We’ve compiled some of them for you below. “Live within your means” was a key savings strategy takeaway my father helped teach me during my formative years. Be careful not to allow the simplicity of the four words to mask its critical nature. While there are no numbers or percentages to memorize or define you, living within your means is the true definition of a balanced, comfortable lifestyle. When you live within your means, you live for today while saving for tomorrow – what could be better? – Michael Rubin, CPA, CFP, Total Candor My Dad taught me the importance of self-reliance, and saving early and often. He helped me open my first savings account, and after I got my first job, my first Roth IRA. – Phil Taylor, CPA, PT Money When I was a kid I thought aluminum foil must be the most expensive commodity in the world, because my father would give me a lecture if I used too much to cover a pan. And I still cringe when I see someone wrap a pan all around with foil, when covering just the top will do. Turns out my dad was a conservationist years before it became fashionable. – Ginita Wall, CPA, CFP My father always stressed the importance of trimming expenses as much as you could so you could spend that money on important things. We would go back to Taiwan to visit family every 3-4 years and flights for the family would cost thousands of dollars. We cut our expenses ruthlessly because seeing our family was so important and that’s a habit that I’ve kept up since. – Jim Wang, Bargaineering.com Previous Post 8 Wellness Tips to Follow This Summer Next Post What is an Estate Tax? Written by Lisa Greene-Lewis Lisa has over 20 years of experience in tax preparation. Her success is attributed to being able to interpret tax laws and help clients better understand them. She has held positions as a public auditor, controller, and operations manager. Lisa has appeared on the Steve Harvey Show, the Ellen Show, and major news broadcast to break down tax laws and help taxpayers understand what tax laws mean to them. For Lisa, getting timely and accurate information out to taxpayers to help them keep more of their money is paramount. More from Lisa Greene-Lewis Follow Lisa Greene-Lewis on Twitter. One response to “Happy Father’s Day! The Best Savings Tips from Our Authors’ Dads” This was such a great article with different quotes about saving from Dads! Loved reading this post. Thanks for sharing. Reply Leave a ReplyCancel reply Browse Related Articles Self-Employed Meet Moira Tax Planning TurboTax Enables Refund Advance to Taxpayers Investments Tax Benefits of Real Estate Investing Self-Employed Business Tax Checklist: What You’ll Need When Filing Uncategorized What Is Deferred Compensation & How Is It Taxed? Investments How Does an Inherited IRA Work? Work Choosing Your Business Structure: 5 Types of Businesses… Tax Deductions and Credits Are HOA Fees Tax Deductible? What You Need to Know Crypto Understanding Crypto and Capital Gains Work 7 Things You Need to Know About the New Business Report…
This was such a great article with different quotes about saving from Dads! Loved reading this post. Thanks for sharing. Reply