5 Financial Habits Women Who Always Have Extra Money Practice

brb we're taking charge of our finances
Source: Karolina Grabowska | Pexels
Source: Karolina Grabowska | Pexels

We all know at least one woman who always seems to have their sh*t together when it comes to finances. You know what I’m talking about—the woman who has a nice financial cushion to fall back on, who can buy a round of drinks and pay off her credit card without batting an eye, who can splurge without stressing. Money seems to flow naturally to these women, and to the rest of us earthlings, it feels like they’ve unlocked a secret in life we’re not privy to. The truth is, though, they simply have healthy financial habits.

That being said, if you’re looking to become one of those women, you’ve come to the right place. With a little bit of guidance, you can stop stressing and manifest abundance in your life, regardless of your financial situation. Keep on reading to learn everything you need to know about the financial habits of women who always have extra money.

1. They set aside spending money

It’s not uncommon for someone financially successful to claim that they’re a “workaholic” and that their life is “all work and no play.” Of course, women with extra money certainly do work hard, but they also know that life is meant to be lived and enjoyed—which is exactly why they have a portion of their budget dedicated to “fun” expenses. This money can be used towards things like a new bag, a trip to the nail or hair salon, or a night out with the girls. These women also practice self-control and avoid impulse purchases and keep their emotional spending in check.

Women who always have extra money set aside spending money because it helps them avoid pulling from and draining their bank account. It also ensures that they still have enough money to pay for their living expenses and contribute to their emergency fund and investments. Traditionally, financial experts recommend using the 50/30/20 rule when it comes to budgeting. This rule states that 50% of your income should go towards living expenses, 30% towards “fun” expenses (think: cable, a night out, vacation, etc.), and 20% towards savings, investments, and debt payments. Of course, each dollar amount will vary from individual to individual, but it’s a good place to start.

2. They take charge of their finances

Another thing women who always have extra money have in common is the fact that they take charge of their finances. They know where their money comes and goes because they regularly track their income and expenses, check in on their budget frequently and adjust as needed, and commit to paying their bills on time so they can avoid accruing interest or debt from missed payments. When it comes down to it, they don’t wait around—they know their financial goals and make a plan to get there. A lot in life is out of our control, but for these women, finances isn’t one of them.

3. They have a rich mindset but live within their means

Manifestation is all about mindset and embodying the person you’re on the road to becoming, and wealthy women know how to do just that without breaking the bank. Instead of focusing on external value, women who always have extra money focus on growing their internal value to boost their self-confidence, create a rich mindset, and project it out into the world. For example, they’ll focus on taking care of their skin, exercising, and getting plenty of rest over purchasing all the latest fashion trends of the season. Will they treat themselves from time to time? Absolutely! However, they will do so within reason. When it comes down to it, they prioritize nourishing their souls from the inside out.

4. They save where they can in their own life

Contrary to popular opinion, saving money does not equate to being cheap—and women who are financially stable know that. They won’t cut corners or deprive themselves whenever they go out, nor will they need to because they’ll have saved up enough money to enjoy themselves. Instead, they’ll prioritize saving in their day to day life so they can fully experience and enjoy what the world has to offer. It’s the little things that add up quickly, which is why wealthy women will make small lifestyle changes to save daily rather than all at once can have an everlasting impact.

If it’s a Saturday night and they go out to eat, they’ll treat themselves and order whatever they want—they won’t restrict themselves or worry about the dollar amount; they’re there for a good time. Throughout the rest of the week, though, they’ll cook more meals at home to save. Signing up for a streaming subscription with ads because it’s more affordable or canceling a gym membership and doing free at-home workouts instead are also examples of this.

5. They spend mindfully

Women who always have extra money are not wasteful spenders. They’re fully aware of the flow of money and will grant themselves the freedom to spend on whatever’s meaningful to them; they’re not afraid to spend money. Likewise, if they don’t want something, they won’t buy it—regardless of how cheap it is. There’s forethought behind every purchase they make, and this self-awareness helps them spend more meaningfully on the things that bring them joy. Plus, handling money in a more mindful state allows them to make better financial decisions.

You have the power to become the kind of woman who always has extra money if you’re willing to put in the work. Stop stressing and focus on what you can control financially; implement the practices mentioned above into your daily life. Do that, and in due time, the elusive money mysteries of life will elude you no more.