Smart Money Saving Habits

Do you have a bad habit of wasting money on things, rather than saving? You want to save more but you’ve fallen into the habit of just getting by or worse- getting into debt! I was just like that a few years ago. It stressed me out so much, I lost a lot of sleep worrying about bills and debt. I changed my money mindset to help me manifest more money and I changed my spending habits. These two things have completely helped my financial life and now I sleep like a baby:)

Whether you’re saving for a vacation, your future or a rainy day, saving money is important. Adopting effective habits can make saving money considerably easier. A few smart money saving habits might be all you need to have a financially abundant future.

It’s a slow process and may take years to see major results. But, your habits dramatically influence your results over time.

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Smart Habits Of Successful Savers:

Savers pay themselves first. Our instincts may be to take care of the bills before we save, but successful savers make sure to stash a little cash before they pay their bills! It’s nice to be out from under the mental burden of bills and other financial obligations. But there’s rarely anything left at the end of the month to put into savings. Paying everything first, usually means there’s nothing left to save!

Make a habit of saving a percentage of every dollar you earn or receive. Start with just 2% if that’s all you can afford, but make an effort to increase the amount in the future. Avoid spending this money on anything else!

Savers save automatically. It’s much easier and more effective to simply have the money removed from your paycheck before you have the opportunity to spend it.

Most employers are willing to split your paycheck and send a portion to a separate account. This might be the easiest way to save.

Savers keep their spending in check. The less you spend, the easier it is to save. It’s important to have a budget and stick to it. Go over your expenses and spending each month and evaluate if there is any unnecessary spending. If you find yourself spending too much, find ways to cut back. Think about how much your spending is costing you.

Savers plan for their financial future. It’s reasonable to expect an annual return of 10% on your long-term investments. Every $100 spent today would be worth nearly $750 in 20 years if it had been invested. Spending $100 when you were 20 years old cost you nearly $8,850 at 65 years of age.

Shop with a list. We’ve all gone to the store for a couple of small things and come home with waaaay too much. Make a list of what you need and stick to it. And don’t shop hungry!

Savers avoid debt. Trying to save while in debt is like walking up a hill and never getting to the top. Consumer debt is an obstacle to achieving any financial goal. If you’re unable to pay cash, you simply can’t afford it. Even if you have debt now, don’t get further into debt.

Unless it’s for something very important that needs to be paid for immediately in an emergency situation, avoid accumulating any unnecessary debt.

Savers have goals. Saving is easier if you have a clear picture of the reason you’re saving. Why are you trying to save? Is it a five start vacation? Or a new car? Or is it so you can sleep soundly at night, without having to worry about your finances:)

Savers evaluate their financial situation regularly. You’ll find that most savers are very aware of how much money is in their accounts and how much they’ve saved and spent. They’re on top of their income and expenses. How can you keep track if you don’t even know your situation.

Savers are financially responsible in general. They pay their bills on time. They know how much debt they’re in. They make sure they have an emergency fund for the future just in case. Do you know anyone that saves well, and the rest of their finances are a mess? Nope! Take responsibility for all aspects of your financial life.

It’s possible to save enough to live comfortably while saving for the future. Having better spending habits will help make that happen. With a few minor adjustments, you can watch your savings grow. Our lives are the result of our habits. Create smart money habits that support your financial well-being and you’ll feel so much better overall.

Steph Social

Steph is a spiritual writer from Canada. She is a former journalist and magazine writer, who later went on to study the spiritual side of life. She shares her knowledge of manifesting and the law of attraction to help others change their lives through affirmations, angel numbers and numerology, self care, journaling, meditation and intentional living! Also- an INFJ, Reflector and empath so you'll find a lot of personality type stuff here too:)


  1. Loved the way you have pointed out that consumer debt is one of the main culprit.
    I too have written something on the similar line “10 Best Ways to Save Money”.

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