Personal Finance

7 Financial Habits of Women Who Don’t Go Broke


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When it comes to making money, what do you think? Lotteries, luck, fate! Know that for many women who have already reached this goal, the answer is much more straightforward: habits. Therefore, today we are going to study 7 Financial Habits of Women Who Don’t Go Broke.

So, if you want to get on the list of women who get rich every year and off the list of defaulters or indebtedness, consider that this text could be your starting point, after all, changing habits is entirely free, and you don’t need to invest a single dollar in it.

Most important of all, you know that creating a new habit is not simple. Changing habits isn’t either. However, if you have the discipline to do this, you will likely be very successful in your life, especially in the financial area. Come along!

7 Financial Habits of Women Who Don’t Go Broke

7 Financial Habits of Women Who Don't Go Broke

Control expenses

The first financial habit of women who don’t go broke is controlling their spending. If you desire this, start by asking yourself a few questions: how much do you earn monthly, how much do you spend each month, what are your main expenses, when do they happen, and in what form?

If you don’t have these answers, you are failing in your financial control. For the richest women globally, this lack of control over where the money is going is something many people call a “blind spot.”

Therefore, it ends up being the main culprit for the debts, so much so that the most challenging thing is to control credit card expenses. And you already know what the result is: payment of the minimum bill, interest, fines, and debt.

Therefore, women who don’t go broke are in the habit of tracking their spending and knowing where the money is going. Simply doing this daily, weekly, or monthly will yield a fantastic result on your budget.

In contrast, many women usually spend more than 10% of their monthly income on entertainment. In all, they treat themselves with over 30% of their salary. Rather, when you make a budget, you can still treat yourself and have fun, but you need to allocate funds.

Reserve fund

Another tip that comes from women who don’t go broke is that they have an emergency fund. If you do not have one, maybe it’s the right time to start thinking about it. By the way, not only women but everyone rich has this fund for the unexpected.

Even experts often say that this fund also brings “peace of mind” that no job in the world could bring. So it’s an excellent financial habit for you to adopt in the coming months.

Generally speaking, the reserve fund only covers unforeseen events, such as a medical emergency, a more severe illness, accidents, and even case you lose your job. After all, we are all subject to sudden problems.

If you don’t know what or how to make this fund, study the matter further. But, the tip is that you start saving at least 20% of your salary to form this equity, which must be at least six times your monthly cost of living. When your salary arrives, the first thing you should do is to pay yourself at least 20% and keep it in a savings account.

If you follow this rule, you can spend 30% of your salary on your wants and non-essential items. For the risk-averse investor, a professional adviser such as Butowsky usually advice that you allocate 5%to your private equity, between 7%-12% to real estate, at least 50%-65% to diverse public securities( including stocks, mutual funds, and the like), and the rest to suitable alternatives such as gold and hedge funds.

They live one level below

Wealthy women build some money habits which enrich their quality of life. The next tip has to do with their quality of life. This is a cool point because most women do just the opposite. For example, have you ever stopped to wonder if you are living below your salary?

The logic is simple: if you earn $2000 in salary, you have to live by spending less than that in the month. If you spend more, you will have a severe financial problem. On the other hand, if you pay less, you’ll have the chance to invest money to build your emergency fund or make your dreams come true.

This idea of ​​living one level below is precisely that: you have to lower your quality of life to make money. And don’t think about earning more to fund your lifestyle. For this, you have to be realistic and avoid unconscious consumption.

Cut their expenses

Cutting expenses is also essential for anyone who wants to get rich and avoid getting broke in this life. And the richest women in the world know this very well. So, start asking yourself what you have been doing to generate monthly financial savings.

Have you been going out less on the weekends, ordering less pizza, or avoiding eating out every day? By the way, do you have to do your manicure every weekend? And the hair is it feasible to cut and treat every 15 days?

A few minor cuts or adjustments will also make a difference at the end of the month and year. So to start seeing what’s important to you. By the way, you may also be paying for services that you don’t even use, such as TV, internet, and telephone. Think about it.

Set financial goals

Setting financial goals is also an excellent tip in this regard. This is perhaps a significant key to building healthy financial habits among women who don’t go broke. And this further changes their lives drastically.

That’s because the mistake many people make is in creating goals that are too far from reality, or, worse than that, not creating any goals. So, you have to create an ultimate goal for you to travel your path in a focused way.

You can ask yourself these questions: If you were rich, what would you do with the money? What is your biggest dream? You have to be honest and realistic in your answers. The more objective you are, the better it will be for you.

A good example is thinking about a trip during retirement. So, you have five years to save $10,000 to take a trip with your husband to Canada and stay there for ten days. What do you think? That’s a good goal, and you can make it happen through proper planning.

Furthermore, you can follow the 50/20/30 rule, which entails saving 20% of your salary, spending 50% on the daily expenses you need to live, and the 30% left on your wants.

They get up before others to have a head start.

Much of the success of women who don’t go broke depends on their ability to be one step ahead of others. This is a principle that they apply in the morning when they get up at dawn. Rich women know that to get better results than the majority, they have to act differently.

Thus, they usually get up between 5 a.m. and 6 a.m. to get the most out of the first part of their day. This is a winning choice because, before the lunch break, your ability to be productive is the most important.

By getting up at dawn, it is possible to carry out more tasks before noon than in a whole day when you get up at 10 a.m. It is a succession of virtuous habits like this that forges the success of rich and powerful women.

They make their debts a priority

At certain times in life, going into one debt or another is inevitable. However, the secret of financially successful women is that they don’t let those debts build up over time, on the contrary, putting together an action plan to pay them all off in the shortest amount of time ends up becoming a good mission.

Whether it’s creating savings, cutting superfluous expenses, selling goods, increasing production, or working overtime, it doesn’t matter! Ending debt should always be your focus, no matter how big it is or to who you owe it.

This is quite valid, as, within over five years of retirement, an estimated 60% of former NBA players usually go broke and get into debt. Pelfrey told the New York Post that over 99% of his fortune was frozen; Last month, Eyre admitted that he was broke, and the team agreed to advance a portion of his $2 million salaries.


In conclusion, women who have dedicated themselves to being wealthy in the history of humanity usually have common behaviors and habits. To this end, the highlight of the seven financial habits of women who don’t go broke above would be indispensable for everyone.

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