25 Habits Of Women Who Are Never Broke

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This post is all about the habits of women who are never broke.

Find out how these ladies always have money.

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These Women Are Never Broke

Let’s talk about the habits of women who are never broke!

Some women are never broke – they always have money stashed somewhere.

So how do they do it?

Well, today we discuss the habits of women who are never broke!

Yes, find out how they do it, so you can emulate them!

Habits Of Women Who Are Never Broke

Having a money-savings plan is one of the important habits of women.

And you don’t have to live from paycheck to paycheck.

This brings us to the question, which are the habits of women who are never broke?

Here are a few habits of women who are never broke:

  1. These Women Always Set A Budget
  2. They Live Below Their Means
  3. These Ladies Make Their Money Work For Them
  4. They Avoid Borrowing And Leasing
  5. These Women Set Financial Goals And Work To Achieve Them
  6. They Know The Difference Between Needs And Wants
  7. They Diversify Their Incomes
  8. These Ladies Start With The End Goal In Mind
  9. They Don’t Spend Recklessly
  10. These Women Keep A Personal Ledger
  11. They Know How To Motivate Themselves And Stay Focused
  12. These Ladies Track Their Income And Expenses
  13. They Wait Before Buying
  14. These Ladies Save Money Like Warren Buffett
  15. They Know How To Say Hell NO … Not Happening
  16. These Ladies Give Back
  17. They Make Plans And Commit To Them
  18. These Women Don’t Waste Money
  19. They Know How To Deal With Their Debt
  20. These Ladies Are Financially Educated
  21. They Have A Emergency Fund
  22. These ladies Create Sinking Fund For Big Purchases
  23. They Are Financially Aware of Their True Net Worth
  24. These Woman Work On Self-Improvement
  25. They Save For Retirement

Habits Of Women Who Always Have Money #1: These Women Always Set A Budget

No matter your level of income, budgeting can help you make a shift in your financial goals.

The best approach is to start planning on the amount of money you need on a daily or weekly basis.

Where do you plan to spend your money? How much is coming in?

In general, having a budget for the entire month will ensure you live within your means.

This will eliminate the urge of spending your money on a night out all weekend.

Download: Monthly Budget Tracker Inserts 


Habits Of Women Who Always Have Money #2: They Live Below Their Means

Some people make extravagant choices when income increases.

But one of the habits of women that determine success is spending less than what they earn.

Think about it.

You could have designer clothes, fancy cars, or exquisite accommodation.

Women who are never broke don’t compare themselves to friends or colleagues.

In general, if you cannot afford to buy something three times, then you should do away with it.

Plus, if you just started a new career, keep your expenses below what you can afford to avoid accumulating unnecessary debts.


Habits Of Women Who Always Have Money #3: These Ladies Make Their Money Work For Them

These women make their money work for them by wisely investing in stocks, and other financial assets or start business ventures to cash in on higher returns.

Plus, to safeguard themselves from unexpected expenses, they have an emergency fund.

This account is dedicated to emergencies only.


Habits Of Women Who Always Have Money #4: They Avoid Borrowing And Leasing

Let’s face it: not everyone can afford the luxury of buying or leasing a house.

If you have a dream of owning a home or a car, you should save instead of borrowing.

Maybe you want to buy another set of furniture at home.

It could take you months to save up the money, but it’s rewarding in the end. You can start with a small car and slowly build your wealth.


Habits Of Women Who Always Have Money #5: These Women Set Financial Goals And Work To Achieve Them

The worst nightmare a woman can ever go through is going broke.

Your financial goals will dictate where you want to be in the next few years.

Plus, it’s not just a word of mouth – you should write them down. Your goals should also have strict deadlines.

When setting your goals, you must adopt strategies for women who are never broke.

Maybe you can take a new course needed in job promotion, mastering your skills, learning to trade, etc.


Habits Of Women Who Always Have Money #6: They Know The Difference Between Needs And Wants

Women who are never broke separate needs and wants. Maybe you want that classic bag, but do you really need it?

Before you buy something, you should ask yourself whether you need it or not.

This will help you curb expenses, so you won’t go out shopping for unnecessary items.

How about saying no to things that don’t fit in your budget?

A woman should have strong financial standing. If you sent your priorities based on the actual income, you’ll never go broke.

Also, every time you go out shopping, you should make sure it can take you to the next paycheck.

Plus, put some money aside to cover transportation, utilities, food, etc.


Habits Of Women Who Always Have Money #7: They Diversify Their Incomes

If you don’t want to go broke, you should have multiple streams of income.

When one gets blocked, you can sorely depend on the other one.

Sometimes, it’s impossible to cut down on spending, so you may have to create another source of income to keep up.

Of course, there is no limit to the amount of income you should have.

You should be creative, and this is one of the few habits of women who are never broke.

With a plan, you’ll watch your new stream of income bloom.


Habits Of Women Who Always Have Money #8: These Ladies Start With The End Goal In Mind

By now, you understand why you should have a feasible financial goal.

You should begin with the end in mind and take the necessary steps from there.

Also, you must be determined to have control of something. It’s about moving in the right direction without getting distracted by frivolous spending.

Download: Undated Minimalist Printable Planner


Habits Of Women Who Always Have Money #9: They Don’t Spend Recklessly

If you’re living paycheck to paycheck, you can easily spend your money recklessly.

If you have $500, teach your brain that you have only $300 to spend. That way, you’ll be living below your means.


Habits Of Women Who Always Have Money #10: These Women Keep A Personal Ledger

A personal ledger keeps track of your expenses – these are a few habits of women that determine success.

If your expenses exceed the income, you ought to make some lifestyle changes.

You can use a personal finance app to keep tabs on your income and expenses.


Habits Of Women Who Always Have Money #11: They know How To Motivate Themselves And Stay Focused

These ladies don’t need cheerleaders!

They are self-motivated. In fact, when things get hard, they work harder to achieve their goals – they don’t give up.

Instead, they dust their shoulders off and stay focused. So start being your own cheerleader.


Habits Of Women Who Always Have Money #12: These Ladies Track  And Cut Their Expenses

They know where their money is going every month.

In fact, they set a plan for their money before the month starts.

If you want to keep more money in your wallet start by cutting your expenses.

Related Post: How To Cut Expenses Quickly


Habits Of Women Who Always Have Money #13: They Wait Before Buying

You won’t find these ladies shopping all throughout the year.

No way!

Instead, they wait for the right time to shop – where they can purchase items at the best possible price.

So wait for special sales events like Black Friday, Amazon Prime Day, or Cyber Monday, etc. to make purchases – don’t be in a hurry.


Habits Of Women Who Always Have Money #14: These Ladies Save Money and Invest Money Like Warren Buffett

Yes, Warren Buffett. The guy is a billionaire, right?

Well, they save and invest like they are billionaires. They don’t waste money on things that won’t help them add to their net worth.

Saving and investing are definitely two great ways you can avoid being broke.

However, depending on your income it can be challenging. But you can do it.

Instead of giving up, start small. Remember, building great things take time.


Habits Of Women Who Always Have Money #15: They Know How To Say Hell NO … Not Happening

Hell no! Yes, they know how to say that.

They are bold and confident enough to let you know they are not about to lend you $1,000 for a vacation in Key West.

No way!

Telling people no can be intimidating at first. However, once you start putting yourself and the needs of your family first it becomes natural.

So don’t be afraid to say no.

In fact the soon you become comfortable with saying no, the more time and resources you will have to build and improve your life.


Habits Of Women Who Always Have Money #16: These Ladies Give Back

When it’s time to open up those wallets, these ladies are not shy – they give back to their community every chance they get.

You don’t have to be Oprah …” you get a car … you get a car”. However, when feasible, help better someone’s situation.


Habits Of Women Who Always Have Money #17: They Make Plans And Commit To Them

They don’t just go with the flow.

Nope!

Instead, they make plans and see them, though.

Therefore, start developing the habit of making plans and achieving them – no excuses.


Habits Of Women Who Always Have Money #18: These Women Don’t Waste Money

Waste money? Not them!

These ladies track their expenses and don’t buy pointless things that don’t add to their net worth.

Overall buying things you can’t afford or wasting money buying pointless items are bad money spending habits anyway. So avoid these bad habits to save money.

Related Post: 25 Things To Stop Wasting Your Money On


Habits Of Women Who Always Have Money #19: They Know How To Deal With Their Debt

If they incur debt, you know it’s not for nothing.

It isn’t debt because they felt they deserved a shopping spree.

However, in any case, they deal with their debt like professionals.

Mismanagement of bad debts can sink a ship, so don’t let it sink yours. Instead, make it a priority to pay your debts.


Habits Of Women Who Always Have Money #20: These Ladies Are Financially Educated

They are financially educated!

Yes, they might have a personal financial adviser, but you could bet your sweet bottoms they could easily do it alone.


Habits Of Women Who Always Have Money #21: They Have A Emergency Fund

They won’t be caught dead without one.

An emergency such as unemployment, sickness, or natural disaster can strike when we least expected it.

Therefore, maintaining, emergency funds is a top priority for these ladies – they don’t play by their emergency funds.

Related Post: How To Build An Emergency Fund For Rainy Days


Habits Of Women Who Always Have Money #22: These Ladies Create Sinking Fund For Big Purchases

They create sinking funds for expensive purchases. So you can bet expensive purchases are not impulsive.

In fact, expensive purchases are planned out.

They accomplish this by setting money aside every month in one or multiple categories to be used at a later date.

So for instance they might set up sinking funds:

  • To buy a new car
  • For a house project
  • Take a vacation
  • For budgeting for Christmas Gifts 
  • Wedding expenses
  • Veterinary bills
  • Birthday parties
  • School tuition and fees

Overall, sinking funds work get for purchases you don’t want to pay for in a single month.

While sinking funds are sometimes compared to savings funds, the difference lies in how each account functions.

A sinking fund is more specific than a savings account.

In fact, with a sinking fund, you know exactly how much you’ll put in there, the exact reason for the fund and when the fund will be used.


Habits Of Women Who Always Have Money #23: They Are Financially Aware Of Their Net Worth

Women who are never broke know their net worth.

Therefore, they are truly financially aware – no fudging the numbers with them.

Net worth is the value of all assets, minus total liabilities.

So these ladies know the value of their:

  • Home
  • Other real estates
  • Automobiles
  • Other vehicles
  • Jewelry
  • Household items
  • Retirement accounts
  • Bonds
  • Stocks
  • Mutual funds
  • Cash value of life insurance
  • Saving bonds
  • Checking and savings
  • Cash
  • Home mortgage principal
  • Auto loans
  • Student loans
  • Credit card debt
  • Personal loans
  • Other loans

Habits Of Women Who Always Have Money #24: These Woman Work On Self-Improvement

Women who are never broke, see themselves as a work in progress.

Therefore, they take advantage of opportunities to improve themselves.

In fact, here are a few practical ways these ladies work on improving themselves:

  • They read every day
  • These women learn a new language
  • They know how to let go of the past
  • These ladies enroll in a new course to level up their skills
  • They pick up a new hobby
  • These ladies recite positive affirmations 
  • These women overcome their fears and get out of their comfort zone
  • They wake up early
  • These ladies have a weekly exercise routine
  • They ask for feedback
  • These women acknowledge their flaws
  • They know when to take a break
  • These ladies avoid procrastinating
  • They quit bad habits and replace them with good habits
  • These women avoid negative people and learn how to deal with difficult people
  • They keep in touch with their mentor or life coach
  • These ladies reduce time spent on social media
  • They mediate frequently
  • These women network with experts in their respective field

Habits Of Women Who Always Have Money #25: They Save For Retirement

These ladies remember to save for retirement.

In fact, if their company offers a retirement plan like a 401(k) that matches any portion of the money they contribute they take full advantage of that retirement plan.

If not they contribute to an Individual Retirement Account (IRA) that best matches their situation including:

  • Traditional IRA
  • Roth IRA
  • Nondeductible IRA
  • Spousal IRA
  • Simplified Employee Pension (SEP) IRA
  • Savings Incentive Match Plan for Employees (SIMPLE) IRA
  • Self-directed IRA