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 Tax Tips TurboTax Up to 5-Day Early Refund Option: What You Need to Know Tax Help How to File a Business Tax Extension: Deadlines, Forms, and Penalties Tax Tips The White Lotus Tax Lessons: Navigating Gift Taxes, Lump Sum Payouts, Hush Money, and the IRS Tax Questions What Day Are Taxes Due? April 15! How to File for a Tax Extension or Pay Taxes Online Tax Questions What Happens If You File Your Taxes Wrong? Late Filing Penalties, Interest, and More Tax Questions What’s Tax Deductible? A Guide to Mortgage Interest, Long-Term Care, Funeral Expenses, Student Loans, and Roth IRA Contributions Tax Questions Is it Better to Get Your Taxes Done or Do Them Yourself? (And Other Tax Questions Answered) Tax Forms What is a 1099-K Form? How to Report Payments on Your Tax Return (2024) Tax Forms What is a 1099 Form? A Guide to Understanding Your Tax Obligations Income Tax by State Wisconsin State Income Tax in 2025: A Guide
This was such a great article with different quotes about saving from Dads! Loved reading this post. Thanks for sharing. Reply