"The wise man saves for the future but the foolish man spends whatever he gets." Proverbs 21:20.

Overspending leads many people into financial disasters. And the Bible calls such spenders fools! I don't know many people who deliberately choose to be foolish. When it comes to money, the way to be wise is to be a saver.

Here are four simple rules given by the late financier, J.P. Morgan, for saving money.

1. Start early. Today is the day to start your savings program.
2. Save a definite amount.
3. Save regularly and systematically.
4. Employ your savings productively.