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 When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases. Life and Death of a Twenty Dollar Bill How long does a $20 bill last? Financial Empowerment for Women Flex your financial superpowers.