21 Habits of Women Who Always Have Money and Know How to Save
And thankfully, there are other woman who have incredibly
healthy money habits you can learn from.
So even if your mom didn’t teach you, you can always learn
from others and their financial success
And whether you want to have a good financial cushion, get
ahead in your investments, or just want to cut out bad spending habits, these
money saving tips are gonna help you out.
And lastly, while becoming this kind of women does takes
commitment, just know that it’s going to be so worth it in the end!
1. They Avoid Paying Interest
These women are conscious of how they spend every single
dime, and this makes them use their credit cards less.
And when they’re not paying interest, they begin to use more
of their money for investments, ultimately earning more interest (in profits)
for themselves.
These women want to have financial independence, and this is
one of the steps they take to makes sure they reach that goal.
2. They Love Homemade Meals
If you want to be one of the women saving money, then you
need to make sure you adopt this habit.
Eating at restaurant all the time can quickly make
you short on cash, so these women avoid doing this.
They cook their meals at home and this helps a lot because
they can give their body the nutrients it needs while also saving money for
more important things.
Also, if there is a dish or type of cuisine they really
like, instead of always going out to satisfy those cravings, they learn to
master those recipes at home.
3. They Make Sure to Have a Budget
Budgeting is just like laying down the first brick of your
house.
Women who always have money have all their financial
paperwork organized, know what bills are due, and what their income can
accommodate.
Making a budget and then strictly following it is the most
vital first step in saving cash.
4. They Put Money in an Emergency Fund
One of the first things they budget for is their emergency
fund.
They figure out any way they can to get to $1000 or more for
an emergency fund so that if something does pop up, the rest of their savings
doesn’t go out the window. Or all that money they paid off from their credit
card debt isn’t for nothing.
5. They Have a “Fun” Section in Their Budget
Now you might be thinking that these savvy savers never go
out or do anything fun, but that is far from the truth.
These women budget for the fun things and treat themselves,
and this helps them to not feel deprived (and then overspend).
Also, when you’re making it a habit to save, you end up
having more money to spend on getting your hair done, finally buying that pair
of shoes you’ve been wanting, or taking a day trip to a nearby city.
6. They Do the 2-Week Wait Method
Impulse purchases are kind of the norm and it can be hard to
avoid them.
But one great attribute of these women is that they give it
2 weeks and see if they still want the item.
You have NO idea how many times this has saved me from
buying things I didn’t really want or need.
7. They Love Finding Free Things
They’d rather spend their time at the beach, botanical
gardens, or a festival instead of going on expensive trips all the time.
They love finding fun free things to do and this helps them
save more money in the long run.
8. They Make Plans to Save
They never joke around with their savings, every penny
counts.
This makes them set up reminders to save throughout the
month. It really is a great way to remember to put cash into savings.
You can’t get ahead without making plans!
Side Note: Or they just set up an automatic withdrawal
every time they get paid. Then the money goes right into their savings account
without them even having to think about it.
9. They Try to Have a No-Spend Day Every Week
Sometimes it can be monthly, but this tends to help them
think more about their expenses and what is and isn’t necessary for their
lives.
And if you want to try a no-spend day (or week) yourself,
this can be a great way to curve bad spending habits and help you see where you
could be more frugal.
10. One Source of Income is Never Enough
Make sure that you are secure with different income streams.
This could be anything from rental properties to investments
that you build up over time. Or even a side hustle that turns into an
incredible revenue stream.
And if anything financially stressful happens, you’re
covered.
Also, you just wanna make sure you’re being financially
productive and strategic. So make sure you’re placing it in things like
high-yield savings accounts or retirement portfolios
11. They Try to Fix First Before Throwing Away
Whether it’s their broken heels or a laptop screen, there’s
always a way to get these expensive things fixed before being thrown out. So
before tossing, see what can be done to restore your belongings.
12. They Don’t Have Shopping Apps
If your iPhone is full of online shopping apps you’re in
trouble.
A $20 dress might not seem like a lot, but it can eventually
create a snowball effect and before you’ve noticed, you’ve spent a huge chunk
of your income on things you didn’t really even want.
13. Buy, Not Lease
Of course, not everyone has the spare money to buy a house
or a car with a full down payment, but think about it this way: it’s actually
better to buy a smaller house in a cheaper area or a used car than spending a
fortune long-term on renting and leasing.
14. They Have a Plan for Debt
Paying off your debt should be one of your top priorities
when it comes to managing finances. Increased interests will suck all the money
out of your account; it’s a trap!
So separate an amount from your salary for this purpose
every single month. It takes discipline but it’s very satisfying in the long
run.
15. They Don’t Lose Sight of the Bigger Picture
Saving money can be hard when you don’t have a lot coming
in. But the woman who knows the importance of positivity and focusing on their
goals makes it a lot easier.
Most of their motivation comes from believing in their end
goal and not losing sight of it when things get discouraging.
16. They Are Not Shy to Ask for What They Deserve
The woman who saves the most money is also the woman who
makes sure that she’s bringing in as much money as she can (so she can save
even more).
So if she’s working hard at her job and doing incredible,
then she’s gonna make sure she’s asking her boss for a raise. And she’s not shy
about it!
17. They Get Financial Education
Education is essential to excel in anything, and it’s no
different when learning about money.
These smart women make sure to get their basic education
either by enrolling in a course or doing extensive research and reading books.
But one thing is for sure, they’re aware of everything that can be done with
their money when it comes to saving and investing.
18. She Doesn’t Say, “I Deserve It!”
It’s so easy to tell yourself this big lie, “I deserve it.”
Especially after a hard day!
But in reality, financially smart women know that they
deserve a financially free future that’s safe from money stress and worries.
19. Bonuses Are Not for Spending
Even before your bonus comes in, you might have plans like
buying a new watch or bag.
But the thing is that these women who don’t go broke save
their bonuses. Yes, they may have a small splurge, but they put the
majority of it into their savings.
Because once it’s gone, it’s gone.
20. Tax Prep Like a Pro
Rather than getting frustrated with how much government
takes, look for tax deductibles that you can take advantage of.
There are so many things you might not be aware of, so check
it out. It honestly can’t hurt!
21. They’re Saving for Their Happiness
Some might think that saving will keep you from having fun,
which can end up making you not want to create a budget yourself.
But the truth is that people who have more money in the bank
aren’t stressing about living paycheck-to-paycheck. They’re living a lot
happier of a life and have money for the things that actually matter.
They’ve created an abundance mindset that helps them stay
out of debt and keeps them building up their savings and living a much better
life.
Credit: Chasing Foxes
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