--- title: "Meaning & Key Takeaway of: Smart financial planning - such as…" description: "\"Smart financial planning - such as budgeting, saving for emergencies, and preparing for retirement - can help households enjoy better lives while weath..." image: "https://sms4smile.com/quotes/i/00c/ben-bernanke-1388_better_smart-financial-planning-such-as-budgeti_657858.png" --- # Smart financial planning - such as budgeting, saving for… ![“Smart financial planning - such as budgeting, saving for emergencies, and preparing for retirement - can help households enjoy better lives while weathering financial shocks. Financial education can play a key role in getting to these outcomes.” quote by Ben Bernanke](https://sms4smile.com/quotes/i/00c/ben-bernanke-1388_better_smart-financial-planning-such-as-budgeti_657858.png) [Download](https://sms4smile.com/quotes/i/00c/ben-bernanke-1388_better_smart-financial-planning-such-as-budgeti_657858.png) [Open image](https://sms4smile.com/quotes/i/00c/ben-bernanke-1388_better_smart-financial-planning-such-as-budgeti_657858.png) > “Smart financial planning - such as budgeting, saving for emergencies, and preparing for retirement - can help households enjoy better lives while weathering financial shocks. Financial education can play a key role in getting to these outcomes.” [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Effective budgeting, emergency savings, and retirement planning enable households to withstand economic shocks and improve quality of life, with financial education essential for achieving these outcomes. **In simple terms:** Planning finances helps households survive shocks and live better. Key Takeaway Invest in budgeting, saving, and retirement now. Themes financial stability risk management education well‑being Mood hopeful pragmatic Type advice motivational When to use this quote - family budgeting - personal finance workshops - career transitions - unexpected expenses - long‑term wealth building Key Concepts budgeting emergency fund retirement planning financial literacy Questions to Reflect On - How can you start building an emergency fund today? - What financial habits will most improve your future security? A Different Perspective Education alone may not change behavior without incentives or systemic support. ★ ★ ★ ★ ★ No ratings yet [Education](https://sms4smile.com/quotes/about/education/) [Family](https://sms4smile.com/quotes/about/family/) [Financial education](https://sms4smile.com/quotes/about/financial-education/) [Financial planning](https://sms4smile.com/quotes/about/financial-planning/) [Help](https://sms4smile.com/quotes/about/help/) [Money](https://sms4smile.com/quotes/about/money/) [Smart](https://sms4smile.com/quotes/about/smart/) ## Related quotes > [I called my business manager in California and said, 'Sell all of my stock' - what little of it I had - and it's…](https://sms4smile.com/quotes/lauren-bacall/i-called-my-business-manager-in-california-and-said-sell-all-of-my/) [Lauren Bacall](https://sms4smile.com/quotes/author/lauren-bacall/) > [A whole generation of Americans will retire in poverty instead of prosperity, because they simply are not preparing for retirement now.](https://sms4smile.com/quotes/anonymous/a-whole-generation-of-americans-will-retire-in-poverty-instead-of/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Because financially capable consumers ultimately contribute to a stable economic and financial system as well as improve their own financial situations, it's clear that…](https://sms4smile.com/quotes/ben-bernanke/because-financially-capable-consumers-ultimately-contribute-to-a/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [Most small-business owners have no financial education when they started. They weren't trained to be entrepreneurs.](https://sms4smile.com/quotes/robert-kiyosaki/most-small-business-owners-have-no-financial-education-when-they/) [Robert Kiyosaki](https://sms4smile.com/quotes/author/robert-kiyosaki/) > [In my opinion, the United States and many Western nations have a financial disaster coming, caused by our educational system’s failure to adequately provide…](https://sms4smile.com/quotes/robert-kiyosaki/in-my-opinion-the-united-states-and-many-western-nations-have-a/) [Robert Kiyosaki](https://sms4smile.com/quotes/author/robert-kiyosaki/) > [Financial education needs to become a part of our national curriculum and scoring systems so that it's not just the rich kids that learn…](https://sms4smile.com/quotes/david-bach/financial-education-needs-to-become-a-part-of-our-national-curriculum/) [David Bach](https://sms4smile.com/quotes/author/david-bach/) > [Somehow, there is this feeling that women require remedial financial education, and so everything must be dumbed down. The reality is that we all…](https://sms4smile.com/quotes/sallie-krawcheck/somehow-there-is-this-feeling-that-women-require-remedial-financial/) [Sallie Krawcheck](https://sms4smile.com/quotes/author/sallie-krawcheck/) > [“Spending is not the problem. It’s a heart issue. If we truly focus on accomplishing contentment, peace, and joy in our Savior’s plan for…](https://sms4smile.com/quotes/marcus-hall/spending-is-not-the-problem-it-s-a-heart-issue-if-we-truly-focus-on/) Marcus Hall > [Asking Wall Street to provide financial education is the same as asking a fox to raise your chickens.](https://sms4smile.com/quotes/robert-kiyosaki/asking-wall-street-to-provide-financial-education-is-the-same-as/) [Robert Kiyosaki](https://sms4smile.com/quotes/author/robert-kiyosaki/) > [Until we have comprehensive financial education, we'll never see the end of our booms and busts.](https://sms4smile.com/quotes/robert-kiyosaki/until-we-have-comprehensive-financial-education-we-ll-never-see-the/) [Robert Kiyosaki](https://sms4smile.com/quotes/author/robert-kiyosaki/) > [Money is one form of power. But what is more powerful is financial education. Money comes and goes, but if you have the education…](https://sms4smile.com/quotes/robert-kiyosaki/money-is-one-form-of-power-but-what-is-more-powerful-is-financial/) [Robert Kiyosaki](https://sms4smile.com/quotes/author/robert-kiyosaki/) > [The majority of NBA players' upbringing, there's not much financial education.](https://sms4smile.com/quotes/andre-iguodala/the-majority-of-nba-players-upbringing-there-s-not-much-financial/) [Andre Iguodala](https://sms4smile.com/quotes/author/andre-iguodala/) > [I would also like to see children aged between 11 and 18 taught financial education in a structured way in schools. I would also…](https://sms4smile.com/quotes/george-osborne/i-would-also-like-to-see-children-aged-between-11-and-18-taught/) [George Osborne](https://sms4smile.com/quotes/author/george-osborne/) > [In some ways, the finding that financial education doesn't provide long-term payoffs is hardly surprising. After all, how much do you remember from your…](https://sms4smile.com/quotes/richard-thaler/in-some-ways-the-finding-that-financial-education-doesn-t-provide/) [Richard Thaler](https://sms4smile.com/quotes/author/richard-thaler/) > [We need more than simply financial education. We need to re-orient ourselves mentally, in terms of what the American Dream is, and how we…](https://sms4smile.com/quotes/neal-gabler/we-need-more-than-simply-financial-education-we-need-to-re-orient/) [Neal Gabler](https://sms4smile.com/quotes/author/neal-gabler/) ## More by Ben Bernanke > [If Wall Street crashes, does Main Street follow? Not necessarily.](https://sms4smile.com/quotes/ben-bernanke/if-wall-street-crashes-does-main-street-follow-not-necessarily/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [The Federal Reserve is not currently forecasting a recession.](https://sms4smile.com/quotes/ben-bernanke/the-federal-reserve-is-not-currently-forecasting-a-recession/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.](https://sms4smile.com/quotes/ben-bernanke/we-do-not-expect-significant-spillovers-from-the-subprime-market-to/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [In the past, Federal Reserve chairmen have not generally gone directly to the public.](https://sms4smile.com/quotes/ben-bernanke/in-the-past-federal-reserve-chairmen-have-not-generally-gone-directly/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars…](https://sms4smile.com/quotes/ben-bernanke/the-u-s-government-has-a-technology-called-a-printing-press-or-today/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [The Depression was an incredibly dramatic episode - an era of stock-market crashes, breadlines, bank runs and wild currency speculation, with the storm clouds…](https://sms4smile.com/quotes/ben-bernanke/the-depression-was-an-incredibly-dramatic-episode-an-era-of-stock/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [Community development has a long history of innovation and learning from experience.](https://sms4smile.com/quotes/ben-bernanke/community-development-has-a-long-history-of-innovation-and-learning/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [To be sure, the provision of liquidity alone can by no means solve the problems of credit risk and credit losses; but it can…](https://sms4smile.com/quotes/ben-bernanke/to-be-sure-the-provision-of-liquidity-alone-can-by-no-means-solve-the/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [Consumers going through foreclosure typically will see their credit scores drop, raising longer-term questions about their ability to rebound financially and perhaps pursue a…](https://sms4smile.com/quotes/ben-bernanke/consumers-going-through-foreclosure-typically-will-see-their-credit/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [If you are not happy with yourself, even the loftiest achievements won't bring you much satisfaction.](https://sms4smile.com/quotes/ben-bernanke/if-you-are-not-happy-with-yourself-even-the-loftiest-achievements-won/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [High levels of homeownership have been shown to foster greater involvement in school and civic organizations, higher graduation rates, and greater neighborhood stability.](https://sms4smile.com/quotes/ben-bernanke/high-levels-of-homeownership-have-been-shown-to-foster-greater/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [...the Federal Reserve has the capacity to operate in domestic money markets to maintain interest rates at a level consistent with our economic goals](https://sms4smile.com/quotes/ben-bernanke/the-federal-reserve-has-the-capacity-to-operate-in-domestic-money/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [The Federal Reserve will not monetize the debt.](https://sms4smile.com/quotes/ben-bernanke/the-federal-reserve-will-not-monetize-the-debt/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [To avoid large and unsustainable budget deficits, the nation will ultimately have to choose among higher taxes, modifications to entitlement programs such as Social…](https://sms4smile.com/quotes/ben-bernanke/to-avoid-large-and-unsustainable-budget-deficits-the-nation-will/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [The U.S. government has a technology, called a printing press (or today, its electronic equivalent), that allows it to produce as many U.S. dollars…](https://sms4smile.com/quotes/ben-bernanke/the-u-s-government-has-a-technology-called-a-printing-press-or-today-2/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) [Explore all 247 Ben Bernanke quotes ](https://sms4smile.com/quotes/author/ben-bernanke/) ## More Better quotes > [If what I write is literature, I guess you'd better emphasize the 'litter.'](https://sms4smile.com/quotes/lydia-lunch/if-what-i-write-is-literature-i-guess-you-d-better-emphasize-the/) [Lydia Lunch](https://sms4smile.com/quotes/author/lydia-lunch/) > [Everybody has their cliques, and I was very shy. I'm still very shy. Music opened up doors. I would get to my choir class,…](https://sms4smile.com/quotes/luis-fonsi/everybody-has-their-cliques-and-i-was-very-shy-i-m-still-very-shy/) [Luis Fonsi](https://sms4smile.com/quotes/author/luis-fonsi/) > [You can't force people to feel in a certain way, and the sooner you understand that,the better. I feel everything has its way of…](https://sms4smile.com/quotes/sidharth-malhotra/you-can-t-force-people-to-feel-in-a-certain-way-and-the-sooner-you/) [Sidharth Malhotra](https://sms4smile.com/quotes/author/sidharth-malhotra/) > [I don't believe in competitions between artists. This is insane. Who has the authority to say someone is better?](https://sms4smile.com/quotes/alan-arkin/i-don-t-believe-in-competitions-between-artists-this-is-insane-who/) [Alan Arkin](https://sms4smile.com/quotes/author/alan-arkin/) > [The bigger the canvas, the better I do. I'm not so good at understated, kitchen-sink kinds of parts.](https://sms4smile.com/quotes/christopher-reeve/the-bigger-the-canvas-the-better-i-do-i-m-not-so-good-at-understated/) [Christopher Reeve](https://sms4smile.com/quotes/author/christopher-reeve/) > [The Little you Give !! The Better it Gets !!](https://sms4smile.com/quotes/mario-stanyer/the-little-you-give-the-better-it-gets/) [Mario Stanyer](https://sms4smile.com/quotes/author/mario-stanyer/) > [A strong, durable Puerto Rican economy will leave the island better prepared to handle future natural disasters.](https://sms4smile.com/quotes/rachel-campos-duffy/a-strong-durable-puerto-rican-economy-will-leave-the-island-better/) [Rachel Campos-Duffy](https://sms4smile.com/quotes/author/rachel-campos-duffy/) > [In my first 100 days as Ontario's Minister of Transportation, I found a willing municipal partner in the City of Toronto that shares our…](https://sms4smile.com/quotes/caroline-mulroney/in-my-first-100-days-as-ontario-s-minister-of-transportation-i-found/) [Caroline Mulroney](https://sms4smile.com/quotes/author/caroline-mulroney/) > [It hasn't been a conscious thing, like, 'I don't want to listen to a bunch of dudes,' but I genuinely like music by women…](https://sms4smile.com/quotes/soccer-mommy/it-hasn-t-been-a-conscious-thing-like-i-don-t-want-to-listen-to-a/) [Soccer Mommy](https://sms4smile.com/quotes/author/soccer-mommy/) > [Life is going to hit you some line drives, and sometimes you'll have to think fast. However, it's better to think first than to…](https://sms4smile.com/quotes/john-bytheway/life-is-going-to-hit-you-some-line-drives-and-sometimes-you-ll-have/) [John Bytheway](https://sms4smile.com/quotes/author/john-bytheway/) > [I like to collaborate with other people for studio recordings because I believe collaboration, in any form, makes music better.](https://sms4smile.com/quotes/lou-barlow/i-like-to-collaborate-with-other-people-for-studio-recordings-because/) [Lou Barlow](https://sms4smile.com/quotes/author/lou-barlow/) > [Absolutely, you can improve and become better at toughness. It's a talent, but it can be acquired, too. I think of it like building…](https://sms4smile.com/quotes/jim-harbaugh/absolutely-you-can-improve-and-become-better-at-toughness-it-s-a/) [Jim Harbaugh](https://sms4smile.com/quotes/author/jim-harbaugh/) > [Not having drops and not taking plays off, if I do that it will make everyone around me better.](https://sms4smile.com/quotes/demaryius-thomas/not-having-drops-and-not-taking-plays-off-if-i-do-that-it-will-make/) [Demaryius Thomas](https://sms4smile.com/quotes/author/demaryius-thomas/) > [Cara Delevingne and I took an eyebrow selfie. We both have prominent eyebrows, but hers are much better than mine. Maybe we should do…](https://sms4smile.com/quotes/will-poulter/cara-delevingne-and-i-took-an-eyebrow-selfie-we-both-have-prominent/) [Will Poulter](https://sms4smile.com/quotes/author/will-poulter/) > [I never really look at it past one year. I look at last year and my whole goal is to be a better player…](https://sms4smile.com/quotes/trent-williams/i-never-really-look-at-it-past-one-year-i-look-at-last-year-and-my/) [Trent Williams](https://sms4smile.com/quotes/author/trent-williams/) Browse all 17,085 Better quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Smart financial planning - such as budgeting, saving for emergencies, and preparing for retirement - can help households enjoy better lives while weathering financial shocks. Financial education can play a key role in getting to these outcomes.", "creator": { "@type": "Person", "name": "Ben Bernanke" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/ben-bernanke/smart-financial-planning-such-as-budgeting-saving-for-emergencies-and/", "about": { "@type": "Thing", "name": "Better" }, "@id": "https://sms4smile.com/quotes/ben-bernanke/smart-financial-planning-such-as-budgeting-saving-for-emergencies-and/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/00c/ben-bernanke-1388_better_smart-financial-planning-such-as-budgeti_657858.png", "contentUrl": "https://sms4smile.com/quotes/i/00c/ben-bernanke-1388_better_smart-financial-planning-such-as-budgeti_657858.png", "url": "https://sms4smile.com/quotes/i/00c/ben-bernanke-1388_better_smart-financial-planning-such-as-budgeti_657858.png", "width": 1080, "height": 1080, "caption": "“Smart financial planning - such as budgeting, saving for emergencies, and preparing for retirement - can…” — Ben Bernanke", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Ben Bernanke", "item": "https://sms4smile.com/quotes/author/ben-bernanke/" }, { "@type": "ListItem", "position": 4, "name": "Smart financial planning - such as...", "item": "https://sms4smile.com/quotes/ben-bernanke/smart-financial-planning-such-as-budgeting-saving-for-emergencies-and/" } ], "@id": "https://sms4smile.com/quotes/ben-bernanke/smart-financial-planning-such-as-budgeting-saving-for-emergencies-and/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```