Struggling to save money is a constant struggle for most women and men. But it does not have to be this way.
Saving money is super quick and easy, if you make it that way.
One thing I have learned and found very very helpful is that, there’s no need to complicate things around money.
Just believe in having a lot of money and saving it.
And trust me, your mindset will shift towards how you approach money. The things is many people have the wrong and negative thinking around money and this stops them from being abundant.
In addition, having some quick ways to save money can really help you.
So in this post I am going to share the habits of women who always save money. Even men can stick to these habits, as saving money is important for each individual.
Habits of women who are great at saving money
1. They Pay Yourself First
When you receive money from your salary, side hustle or business, make sure to pay yourself first.
How? Simply transfer the amount to another savings account if you have one. Having a separate savings account can make a huge shift in how easily you can save money.
Women who are great at saving money always prefer to have auto withdrawal of money into their savings account.
This way the pay themselves first and are able to save lots and lots without doing anything extra.
2. Study Taxes
Women who save money make sure to learn in depth about taxes. They learn which investments can save or earn them money in the long term and help them in deducting the taxable amount.
They are good with taxes and make sure to find tax deductibles that ultimately help them save more money.
3. They Follow No Spend Days & Weeks
Following no spend days and weeks is a must for women who save money easily.
They know the value this can bring in their life and ensure to have such days and weeks every month where no money is spent.
It could be such a difficulty in the beginning to develop this habit, but once you do it and commit yourself, you will stick to it.
4. They Make Plan To Go Debt Free
Women, who know how to save money, also ensure that they become debt free at the earliest.
They make a proper plan on how they will pay the debt and the ways in which they can do so at the earliest.
They know that debt can reduce their overall savings and have a huge impact on their worth. That is why they are keen on going debt free and carve out a plan for it.
5. They Are Not High Maintenance
This might not be for everyone, but women who are good at saving do not get expensive stuff. They know that saving at present is important for a stable future.
They believe that they can always have luxuries in future when they have ample of amount available.
That’s why they believe in saving first and buying second. They ensure that they don’t spend thousands on getting nails done or buying branded items.
They go frugal initially, so they can get luxury later on.
This is actually a very difficult principle to follow but it can have such a huge impact on your way of living and your finances.
6. They Don’t Believe in “Keeping Up”
Good savers are those who know that they do not have to keep up with other people’s standard of living. They avoid buying just for the sake of showing it to others.
They know their limits and buy only those items that they need or want.
They avoid buying just for sake of keeping up with their rich friends or colleagues.