Money plays a vital role in our life. Money is the physical form of energy which symbolizes prosperity.

Though our per capita income has risen we, have failed to live up to a prosperous life in the truest of senses. Many people blame different things about this.

Some people blame the rising economic inflation as a reason which prevents people from becoming rich. Others blame that too much of materialistic lifestyle, like too much use of credit cards, is the real reason behind we constantly fall into debt traps.

But if you think carefully, despite all these reasons some people are rich. So, what they have done so that they are so rich? Have they shunned all pleasures in life? Or, they are exceptionally talented? Maybe they are born rich?

Believe me, living modestly doesn’t mean you have to sacrifice all the fun in life. You can be lead a prosperous life with even a modest income. And you can be rich by your own fortune only.

Many people, though it is a very harsh fact to admit, are penny-wise and pound-foolish! Spending money wisely needs wisdom, and the wisdom comes with learning more and more about how to invest or spend your money wisely.

To start with, here are 7 inspirational quotes on financial habits, so that you know the basics of good money habits, – start from today and don’t be penny-wise and pound-foolish!

7 inspirational quotes on financial habits:

Too many people spend money they buy things they don’t impress people that they don’t like. – Will Rogers

William Penn Adair “Will” Rogers (November 4, 1879 – August 15, 1935) was a stage and motion picture actor, vaudeville performer, American cowboy, humorist, newspaper columnist, and social commentator from Oklahoma.

What he has commented on the above quote on our financial habits holds a profound meaning in life. We tend to spend a huge chunk of our money in vanity. We like to off our possessions to people whom we think are not the cup of our tea. At times we spend extra bucks unnecessarily when we buy things because we think that thing would justify our status.

The next quote by Charles Dickens, among our chosen 7 inspirational quotes on financial habits, will magnify the truest essence of this Will Rogers quote on our financial habits.

Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery. – Charles Dickens

Charles John Huffam Dickens was an English writer and social critic. He created some of the world’s best-known fictional characters and is regarded by many as the greatest novelist of the Victorian era.

It seems some of us have the habit of spending more out of our capacity till many ages past. Dickens was a profound observer of human behavior from a very small age as passed his childhood in extreme poverty due to his spendthrift father.

Today the situation is no different. It is well advised to use your credit card within manageable limits.

A wise person should have money in their head, but not in their heart. – Jonathan Swift

Jonathan Swift (30 November 1667 – 19 October 1745) was an Anglo-Irish satirist, essayist, political pamphleteer poet and cleric who became Dean of St Patrick’s Cathedral, Dublin. Swift is remembered for works such as A Tale of a Tub (1704), An Argument Against Abolishing Christianity (1712), Gulliver’s Travels (1726).

This famous quote of Jonathan Swift should be counted as an inspirational quote on financial wisdom. Money should be governed by mind, not by our emotions. But the irony is that most of us make money an emotional thing. The next quote by P.T. Barnum will illuminate the matter further.

Money is a terrible master but an excellent servant. – Phineas Taylor Barnum

Phineas Taylor Barnum (July 5, 1810 – April 7, 1891) was an American showman, politician and businessman remembered for promoting celebrated hoaxes and for founding the Barnum & Bailey Circus(1871-2017).

In recent times when the world is reeling under economic recession this quote on our financial habits is like a prophecy. It depends on us how we use our money. Money is not only a paper bill – it is a habit also. When we have good spending habits it can bring us lasting mental peace and financial freedom.

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

Ayn Rand was a Russian-American novelist, philosopher, playwright, and screenwriter. She is known for her two best-selling novels, The Fountainhead and Atlas Shrugged, and for developing a philosophical system she called Objectivism.

Many of us believe money can make magic. But it is not so. It can be a magic wand to bring in prosperity in your life provided you become that magician who knows the right financial tricks. So, to be money wise you must acquire financial wisdom.

Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas. – Paul Samuelson

Paul Anthony Samuelson (May 15, 1915 – December 13, 2009) was an American economist and the first American to win the Nobel Memorial Prize in Economic Sciences.

This is one of the most profound quotes in this blog on 7 inspirational quotes on financial habits. Growing your money needs sound financial planning. And the fact is that money needs time to grow is a time-tested truth. Stick to this financial advice if you want to keep your hard-owned money with you for a longer period.

An investment in knowledge pays the best interest. – Benjamin Franklin

Benjamin Franklin FRS, FRSE (January 17, 1706 [O.S. January 6, 1705] – April 17, 1790) was one of the Founding Fathers of the United States.

This quote of Benjamin Franklin is the jewel in the crown among the 7 inspirational quotes on financial habits in this blog.

Money grows with knowledge. It is true in every sense. And it applies to financial habits also. Plant the tree of learning and see your money grow over a period.