The Richest Man in Babylon In good times and bad, consistently saving a percentage of your income is a sound financial practice. Share | Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content The Pros and Cons of Banking Your Money The Pros and Cons of Banking Your Money You Would Rather Be... Are you a thrill seeker, or content to relax in the backyard? Use this flowchart to find out more about your risk tolerance. Eight Mistakes That Can Upend Your Retirement There are common mistakes you can avoid when saving for retirement.