Parkinson’s Law states that no matter how much people earn, they tend to spend it all—and often a bit more. Their expenses grow in direct proportion to their income. Over time, many people begin earning several times more than they did early in their careers, yet still seem to need every penny to sustain their lifestyle. In other words, no matter how much they make, it’s never enough.

To manage your money effectively, you must learn to see it through the eyes of an investor. Thinking like an investor means understanding the difference between assets and liabilities.

Saving money is an art — and, like any art, it requires skill, patience, and a clear plan. Many people believe they’re saving “the right way,” but even small mistakes can sabotage long-term financial growth. Let’s break down the five most common saving strategies and how to make them truly work for you.