5 habits of great money savers

Portia Arthur

July 4, 2018 2:22 PM

Check out simple ways to fatten your wallet.

They have a budget

Great savers always know the difference between their wants and needs. They make a budget every month and stick to it. They also spend on their needs if they get a balance from shopping from their wants.

They use cash and cheque

There is a theory that once you pay for expenses with physical cash or cheque, provides enough of a mental speed bump to slow down many impulse buys.

They prioritize saving

People with fat big accounts understand the finances and the importance of saving before spending a note on their monthly income.

They have retirement accounts

Great savers always deposit 10% of their monthly income into their retirement account for their future.

They look for great deals

Being frugal is a big part of a saving habit. They take advantage of discount sales to buy quality products especially the non-perishable ones in large quantities.

Portia Arthur