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Steve Jobs’ Advice on Saving Money

Jobs was a famous believer in minimalism. Apple devices even today are stripped down to true necessities. As the headline of Apple’s first marketing brochure proclaimed in 1977, “Simplicity is the ultimate sophistication.”

Jobs took this design approach even further into his life from his appreciation of Japanese Zen to how he furnished his home. In an interview, former Apple CEO John Sculley recalled a visit he made to Jobs’ house.

“I remember going into Steve’s house and he had almost no furniture in it. He just had a picture of Einstein, whom he admired greatly, and he had a Tiffany lamp and a chair and a bed. He just didn’t believe in having lots of things around but he was incredibly careful in what he selected.”

Jobs often referenced William Morris’s great quote:

Have nothing in your house that you do not know to be useful, or believe to be beautiful.” — William Morris

This same advice can be applied to spending & saving money. Lowering your monthly spending doesn’t have to come at great cost to your life and happiness.

If you take “useful” from Morris’s quote to mean true necessities and “beautiful” to mean something that truly makes you happy. Then you’ll find that many of us can cut our spending and increase our savings with no impact to our true happiness.

The key to financial success is not depriving yourself, it’s being mindful and honest with yourself about what truly matters.

What are you spending money on regularly that is not a necessity and does not make you truly happy? The more you can save on non-essential things that don’t bring you a lot of joy frees up more money to spend on aspects of your life that do truly make you happy.

Personal finance is personal. You know yourself best. Be true to yourself and focus on what makes you happy.

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A lifelong student of habits and behavior change. Mike is the CEO and co-founder of Tip Yourself, a mobile app and community focused on saving money through positivity and small shifts in habits.

2 thoughts on “Steve Jobs’ Advice on Saving Money

  1. I really enjoyed this article. It very well illustrates the positive angle of frugality, versus the preachy “you must ditch your Starbucks” variety.

  2. Great article. Steve Jobs is the embodiment of simplicity. I think you touch on a great piece of advice here. All too often, people hear the word budgeting and think it requires a drastic lifestyle change. Looking at it from this angle will certainly help people to realize they can do it.

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