Shocking Money Saving Tips Every Woman Must Know

Published by Maku Seun on

Do you want to learn how to save money as a woman? Then this post is for you. Learn the shocking money saving tips every woman must know.

When you first start earning, it’s so easy to spend on things you love.

Suddenly you have the financial freedom that you’ve been craving for all your life, and you can splurge on clothes, gadgets and food like there’s no tomorrow.

But before you know it, it’s nearing the end of the month, and you barely have enough money to scrape through.

Track your expenses

How much exactly do you spend every month?

If you want to learn how to start saving money, then tracking your expenses is a must.

So for the coming one month, track every single purchase that you make. Starting from your grocery bills, to house rent, personal expenses, impulse purchases or even that 2 dollar roadside snack that you had yesterday. Don’t leave anything out.

You can use a spending tracker app, but if you want, you can just punch in the numbers on your phone notepad. The idea is to be accountable for your spending. 

This will help you track your purchases and see where you are spending unnecessarily on.

Cut out unnecessary expenses

This might sound like a no-brainer but many people are unwilling to give up their comforts in order to save.

Take the MRT instead of a taxi, cut down dining at restaurants and choose food courts, make a sandwich from home for lunch instead of buying one, and log on to public wifi and save your mobile data when possible.

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They are small changes you can make that will slowly but surely enable you to save a significant sum of money at the end of each month.

Cook at home

People, listen up! If there’s only ONE tip that you will take away from here today, it has to be this: Cooking at home saves your finances (and your health!) like no other.

It’s fine to eat out or order in occasionally, but if you do it on a daily basis, you are not doing your finances or your health any favors.

Pay in cash

Credit cards are useful especially for big purchases and definitely when you can accumulate points to enjoy other perks later.

But using cash is the best way to keep track of your expenses as you’ll physically see how much you’re spending.

Because you’ll take note of how many times you’re going to the ATM to top-up your supply in your wallet, you’ll definitely feel the pinch when you pay in cash so use it as an effective way to curb your spending.

Follow the 48-hour rule

This one’s for you, impulse buyers! Impulse purchases are made on the spur of the moment, with a sense of urgency, and without much thought as to whether they are really required or not.

They can be anything, from those ill-fitting sandals you bought because they “looked so cute”, to that expensive antique vase that takes up half your living room.

More often than not, we end up regretting our impulse buys and feeling guilty about them. 

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So the next time you feel an urge to buy something you hadn’t planned for, do this:

WAIT. Just wait for 48 hours. 

Hold off making the purchase and go home. Tell yourself that you’ll be back to buy it in 48 hours.

Now here’s where the magic happens. If it was something you really needed, you can always go back and buying.

But if it was an unnecessary impulse buy, then chances are you won’t even be thinking about it two days from now.

Automate your savings

By sending a portion of your paycheck into savings or investments as soon as it arrives, you are essentially cutting down the money you have left to spend.

Not just that, automation takes a huge load off your to-do list and saves you from forgotten overdue payments.


Your savings mean nothing unless you invest them. You need to make your money work for you, otherwise the cost of inflation will mean that 20 years later, your savings would have depreciated in value!

Investing is not difficult at all – all it needs is some effort on your part to understand the basics. 


These are the money saving tips every woman must know and it is by no means meant to be exhaustive.

Use these tips to save money today and it will improve your chances of getting financial freedom.

Categories: Money Saving Tips

Maku Seun

Maku Seun is a blogger, an entrepreneur and author of Charge Your Life currently on Amazon. He has started various online businesses and is well experienced in saving and managing his money. Follow to get more money saving tips.


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