Habits of Women Who are Never Broke

Habits of Women that are never broke

Are you sick of being broke? At one point in my life, I was too. Luckily I adopted the habits of women who are never broke to get my finances on track.

Being broke is the worst! You feel overwhelmed and stressed out. According to the U.S. Department of Women’s Health money is one of the leading causes of stress in women.

As women, we like to have stability, and feeling broke is not a good feeling because it brings down overall happiness, and creates more unwanted stress.

Yet, I learned over the years to get my finances in order and create financial discipline in my life. Luckily, you can too.

In fact, these five best tips to stop being broke are helpful for any woman at any age, especially if you are having financial troubles.

Learn what it means to stop being broke as a woman and start living the life of your dreams.

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#1 Make investing and saving automatic

One way to stop feeling broke is to start saving money automatically. If you are lucky enough to have a job with a 403b or 401k option, take advantage. It is rare to find these options today, but depending on your field, they still exist.

All you need to do is contact your human resources department at work and they will help you set up your contributions. The money is taken out before taxes so you will not miss much, and you will already have money set aside before you are paid.

If you are not fortunate enough to have one of these options, you can still set up accounts with your bank and have money set aside when you are paid. In doing this, you do not have to worry about how much you are saving and you can then feel free to spend what is left after bills.

You can also set up a ROTH IRA and start saving for retirement.

If you are young and still in your 20’s, start investing now. You can take advantage of compound interest as other savvy women investors have. If you want to be a boss with your money and stop being broke, use investing to make money.

If investing sounds like a foreign concept to you and you feel it is super intimidating, no worries! You can use this easy tool called Acorns to invest your spare change. It is an app so it is super easy to set up and you will not be taking a huge risk, as you are only investing change. The Acorns app will get you started and you can then take your investing to the next level and try investing in a socially conscious platform such as this one.

#2 Sinking funds

Have you heard of sinking funds? Sinking funds are accounts set up for specific purposes. Learning how to use sinking funds, can literally trick your brain into saving. Research shows if you set money aside in a separate account,  you have to make more than one decision/action to take the money out. Therefore, you are less likely to spend that money.

Some ideas for sinking funds are as follows:

  • wedding fund
  • vacation fund
  • down payment fund
  • Christmas gift fund
  • emergency fund

These are some ideas, but certainly, you are not limited to the above mentioned. If you have something you really want, set up a sinking fund to save up for it. Check with your bank to set up sinking funds for you. You can also have money automatically transferred on payday.

If you choose an online bank, you can set up these accounts yourself. One bank I recommended is CIT bank. These have above-average interest rates and help you earn money on your savings. Check out CIT Bank rates here.


✅ Need a safe place to start an emergency fund or savings account? Learn why we recommend CIT Bank with their above-average interest rates.

Related Finance Post

#3 Find a Tool

Do you use a finance tool? Women that are never broke, have their finances in order, but they know they do not have to do it alone. If you are sick of trying to figure out our budget try one of the tools listed below to help you keep track of spending and budgeting:


This budgeting tool will help you get your finances on track. Use this tool to track spending and save more.


Trim does just that! This is a company that helps you trim money off of your budget. They do the work for you and help you save. Check them out here.

Personal Capital

This all-in-one financial tool can help you budget, but it can also help you invest. If you are looking for a comprehensive tool, check out Personal Capital today.


#4 Live below your means

If you want to emulate women who are never broke, living below your means is key. One easy way to live below your means is to practice frugal living.

If you are not used to saving money, you can start small and keep track of where you spend money for at least two weeks. Then use that as a starting point for your budget and take a look at where you can cut spending and save more. If you learn to live frugally, you can save more and stop being broke.

#5 Meal Plan

Women who are never broke use meal planning to keep their grocery bills low. It is easy to order take out or stop on your way home, to grab fast food, when you don’t know what is for dinner. But if you try meal planning, you will know what is for dinner and avoid these pricey temptations. If you write out your meal plan before your grocery shopping, you can make a grocery list around your meal plan. In this way, you will have all of your dinner ingredients and will eliminate the need to run out to the store.

Even if you treat yourself with some pricier recipes, chances are you will still be paying less than what you would spend ordering take out for a family. Start saving money today by using meal planning.

Are you new to meal planning? Check out this guide!

Bonus Tip!

Women who are never broke love to use coupon apps! These apps give cash back just for scanning your receipts when you get done shopping. If you want to start earning money back on your purchases, like me, check out these apps:


Rakuten is a cash-back app that saves you money when you shop online.

You see, Rakuten gives you a percentage back on everything you buy!

My biggest checks have been from using Rakuten for travel such as hotels or flights on Priceline, but you can even earn while buying on Groupon (all my savers) so why not earn money back!

How it works:

  1. sign up here & get a free $10 gift card (You can get $40 when you spend $40 with their new promotion so sign up soon!)
  2. Find your store on the site
  3. Click through and shop
  4. Earn money back

You can also get money for referring people so be sure to tell you, family and friends. Rakuten will reward you with a “Big Fat Check.”

Check them out and sign up here. You will earn a $10 gift card just for using them!

Rakuten Review


Have you heard of Dosh? Dosh is a newer app that offers cashback on online shopping. You can redeem your money directly into your banking account or collect gift cards.

This app is awesome because it collects free money for you!

Sign up for Dosh and get your free $1 welcome bonus today.

Since Dosh is automatic, no need to save receipts or worry about clicking. Sign up and find out more!


I love using Ibotta when I shop. Ibotta is a quick and easy way to get money back on groceries and other items.

I don’t mind referring Ibotta to others because I use it and love it myself. In fact, I even got my mom to join in on the money-back fun.

How to use:

  1. Select your store
  2. Go shopping
  3. Upload your receipt
  4. Money is added to your account
  5. Cash-out at $20 through PayPal or gift card.

Sign up here and get a $10 bonus (Check out the FREE Thanksgiving Dinner promotion)

Fetch Rewards

This newer app is super easy to use!

This cashback app is also a great option because it is so easy to use! All you have to do is scan your receipts. Most of the stores listed are for groceries, yet there are a few select other stores listed on Fetch.

You get points for scanning your receipt but you get more points if you are buying name-brand at grocery stores because they partner with this app.

You can cash out at 3000 points which would equate to a $3 gift card for restaurants, home decor, or my favorite Amazon.

How to get the app: Click this link and it will direct you to the app in your app store. Sign up and get 2000 bonus points

5 Habits of Women Who are Never Broke Final Thoughts…

If you are a woman, and you are broke the above tips will help you learn to get your finances in order. These habits of women who are never broke will help you get your finances on track, save money, invest, and start you on a path to financial freedom where you can live debt-free.

Habits of Women Who are Never Broke

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