Colleagues Quote by Richard Thaler
“There's a second component of a good savings plan, which is something that a colleague of mine called Schlomo Benartzi and I developed many years ago, that we call "save more tomorrow."”
About This Quote
The “save more tomorrow” plan encourages people to commit to increasing future savings, improving long‑term financial health.
In simple terms: Commit to saving more in the future.
Key Takeaway
Set automatic, incremental savings increases.
Themes
finance
behavioral economics
planning
Mood
optimistic
practical
Type
financial
educational
When to use this quote
- personal budgeting
- retirement planning
- employee benefits
Key Concepts
savings
future orientation
commitment
Questions to Reflect On
- How will you automate your savings?
- What future goal motivates you?
A Different Perspective
People may procrastinate or forget to act.
