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 Question Thank you! Oops! Related Content Tax Deductions You Won't Believe Here are some examples of deductions from the IRS that were permitted and some that were, uh, too creative. The Financial Literacy Crisis Many Americans are operating their personal finances with only the barest minimum of knowledge. How Compound Interest Works Use this calculator to better see the potential impact of compound interest on an asset.