warren buffett the infamous 91 yearold oracle of omaha is worth roughly 100 billion dollars and could clearly spend frivolously but buffett is notorious for his spendthrift ways remember he eats frequently at mcdonald’s and his emphasis on creating financial security he’s also a big fan of learning to save money properly you might be thinking why save now in times of high inflation but pros say that even now it’s key to have savings thankfully savings accounts are paying more now you can see some of the bestpaying savings accounts here the guidance is that you will need roughly 312 months of essential expenses somewhere safe like a highyield savings account need a little inspiration to make that happen here are a few of buffett’s most famous quotes about saving money “the biggest mistake is not learning the habit of saving properly” in a speech to college students buffett noted that the “biggest mistake” is “not learning the habit of saving properly” he also noted that “most behavior is habitual” and that “they say that the chains of habit are too light to be felt until they are too heavy to be broken”  one way to easily do this make it automatic it’s advice you’ve probably heard a thousand times but that doesn’t make it any less effective set up automatic transfers directly from your paycheck soon after you get paid into your savings and retirement accounts at regular intervals this way you’re never touching that money yourself it’s just going right into savings then each year if you can try to up your savings many people use the start of the year to review their finances and do something like this you can see some of the bestpaying savings accounts here “whether we’re talking about socks or stocks i like buying quality merchandise when it is marked down” in his 2008 berkshire hathaway shareholder letter buffett said “price is what you pay value is what you get” to avoid losing money as a result of paying a price that doesn’t match its value buffett suggests that you can save by buying discounted items “whether we’re talking about socks or stocks i like buying quality merchandise when it is marked down” said buffett  the good news for consumers is that with regards to both stocks and stocks there are deals right now as the markets are down this year and there is excess inventory now on plenty of items at spots like walmart because inflation is spurring consumers to spend less “do not save what is left after spending but spend what is left after saving” essentially save first and foremost and once you’ve socked away as much as possible then you can allow yourself to spend money for his part buffett is all about spending in cash too “i’ve got an american express card which i got in 1964” he told yahoo finance “but i pay cash 98 of the time”