5 habits of great money savers

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  • 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.