“Money is power.” – Andrew Jackson Though these words were spoken almost 200 years ago, they remain true even today. Extant research has demonstrated a strong link between power and money, as money is a common source of power (Keltner and Langner 2007). Knowing that possessing money makes people feel powerful (Furnham 1984), we set out to investigate if feeling powerful also prompts an increased willingness to save money. This question is particularly important for two reasons. First, individuals are likely to have experiences of feeling powerful (e.g., interviewing a potential employee, giving advice) and powerless (e.g., defending a thesis, submitting a job application) on a daily basis (Rucker and Galinsky 2008). Second, most Americans save too little. Even after the 2008 financial crisis, the majority of American households did not change their saving behavior (Kramer 2013). Although explanations for why people fail to save their money abound (Bertrand, Mullainathan, and Shafir 2006; Mani et al. 2013; Vohs and Faber 2007), the majority of proposed explanations are relatively unchangeable - e.g., education level, familial upbringing, and level of self-control. In this research, we focus on a small psychological shift in individuals’ mindset - whether they feel powerful - that may impact the amount of money they are willing to save. The results of five studies show that the experience of feeling powerful increases both intent to save and actual savings. We show that individuals who feel powerful save more because it enables them to maintain their current state. In line with this underlying mechanism, we demonstrate two boundary conditions. First, when the purpose of saving is no longer to accumulate money, but to spend money on a status-related product, the basic effect is reversed and powerless individuals save more. Second, if money can no longer aid in maintaining power, 5 because one’s power is already secure or because power is maintained by accumulating an alternative resource such as knowledge, the effect of feeling powerful on saving disappears. The contributions of this research are both theoretical and practical. Theoretically, we hope to contribute to existing research on saving by illuminating how certain situational states, such as feeling powerful, affect savings rates. Perhaps more importantly, we provide evidence for the effect of power on saving by showing that feeling powerful increases the desire to maintain one’s current state. By doing so, we also hope to contribute to existing research on power by showing the consequences of feeling powerful on one’s decision to keep money, rather than spend it (Dubois, Rucker, and Galinsky 2012; Rucker and Galinsky 2008, 2009). Practically, lack of saving is a significant challenge, particularly in the U.S. where credit crises are on the rise (Camara 2012). We hope this research may ameliorate this challenge by showing that the amount one saves can be affected by subtle shifts in feelings of powe