9 Habits of Highly Successful Savers

Successful savers share a genuine enjoyment of the process of saving money. They take pride in setting spending priorities and thrive on finding cost-conscious ways to get the things they want the most. They genuinely like the feeling of empowerment that goes with turning down the things they don’t want. They like having the ability to take advantage of unexpected opportunities and make spur-of-the-moment spending decisions. For them, taking care of their money is a source of pride.

Some key habits of women who can successfully save are:

1. The Paradox

The more you consider money unimportant and ignore it, the more attention you will ultimately have to pay to it when times are tough. Saving early means you will have to worry much less about money later; it buys future peace of mind.

2. Balance

Saving money is like eating wisely. Moderation is the key.

3. Prioritization

Everyone needs a few spending priorities on which money can be spent without guilt.

4. Saving money can be fun

Super savers know that the thrill of finding a great deal to get whatever it is that they really want is often as much fun as possessing the item itself. Keep a list of things you plan to buy in your wallet or in your mind. That way, when a great deal appears, you can act on it confidently, knowing you are making a good spending decision.

5. Surf for opportunities

Surfing for opportunities to maximize your enjoyment in your spending priority areas without blowing the budget can be a source of joy in and of itself.

6. Online Savings

Successful savers do not skimp on shopping and enjoyment. They utilize the internet for finding deals with patience. Some examples of successful savings online are:

• Saving on books by using free ebook websites
• Adding products to wishlists and waiting until they are on discount
• Opting for free entertainment like free bingo, free games, free software etc. instead of paying for them
• Saving on fees by learning from free tutorials and Youtube tutorials
• Saving on DVDs by joining free music and movie download websites

7. Decouple spending and income

Basing your spending on what you need to live, rather than on what you earn, while keeping your spending comfortably below your income level, is a significant contributor to savings. Decouple your spending and income.

8. Consciously choose between today and tomorrow

Every spending decision is a decision between having something today and having the freedom of choice to have something else in the future.

9. Buy yourself some freedom

Make the decision to buy yourself the freedom to take advantage of future opportunities to say “Yes” to what you really want and “No” to what you don’t want by building your own financial security.

Tips are based on the Book “She Laughed All the Way to the Bank: Financial Empowerment for Canadian Women” by Cindy Skrukwa