The year is well under way, the first quarter of the year is done and dusted just like that!!! I hope you have achieved most of your goals for the first quarter. Keep focused and you will reach your money goals…and as a money savvy woman, these are some of the habits I know you have adopted 🙂


1. She Budgets 3-6 months in advance.

Yes, you heard right, 3-6 months in advance. Why? Because there are birthday celebrations, anniversaries, school excursions and holidays etc. throughout the year that you need to budget for.  I turned 30 this year, whoop whoop! and with that comes a lot of friends who are turning 30 as well, who will be wanting to celebrate their birthdays in style…which mean I want to be financially prepared and budget for gifts, eating out, or whichever way they want to celebrate.

You have to think about your expenses into the future and plan accordingly. You have to decide if it is a priority to you and if you can afford it.


2. She is honest with her money journey.

They always say honesty is the best policy, and I couldn’t agree more. First, you have to be honest with yourself about where you are financially, what your priorities are, what financial goal(s) you are truly working towards and be honest with those around you, that is including your partner, family and friends.

Let’s face it, some people may even feel uncomfortable with your new found wokeness when it comes to money but trust me, they will get used to it. #yourmoneyyourrules Don’t be afraid to let them know that you are on a budget.


3. She has a solid plan to create wealth

I find that a lot of people are in trouble and continue being in trouble when it comes to their finances because they have an ‘ostrich attitude’: they know they are in trouble, they know they should do something about it, but because of feeling overwhelmed, they put their heads in the sand and hope somehow the problem goes away! This approach has never worked when it comes to money, actually with most things in life.

A financially savvy woman knows her Net Worth and works diligently to increase it through the following:

  1. She has a plan to eliminate debt
  2. Has a budget and sticks to it
  3. Does not ignore saving for retirement because it looks like it’s far off
  4. Has an emergency fund
  5. Has investment(s) either Unit Trust, ETF, Shares, Rental property, Savings (or is aggressively working towards attaining them)
  6. She has set financial success as a goal

4. She invests time to educate herself about money

I say it all the time, for you to become more confident when it comes to money, you have to educate yourself. You cannot leave your financial education to chance or to your partner. It is so empowering to approach a financial institution well equipped with knowledge than to depend on them to give you the right information.

I cannot say it enough. Educate yourself, Educate yourself, Educate yourself!


5. She never lives a Champagne lifestyle on a beer budget

She will not go broke trying to look rich! She understands that true financial freedom is worth the sacrifice.  She does not support an expensive lifestyle through credit. She earns it, invests and only then does she live it up!

Having money and building wealth creates a sense of peace while living beyond your means is a sure way to cause you stress. Give yourself peach.

Tribe, what habits have you adopted to keep you on top of your money?

Author: Mapalo Makhu

I want to help women make confident financial decisions and build real wealth.

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11 thoughts on “5 Habits of Financially Savvy Women

  1. This year I have been on a journey to being honest with my money journey and not adopting a ostrich attitude when it comes to my finances. I’m 4 yrs away from turning 40 and I don’t want to enter my forties with “bad” debt. So I’m eliminating my debt one debt at a time and also building an emergency fund.

    Posted on April 10, 2018 at 8:39 am
    1. Hi Gugu, that is amazing to hear. I love that you have clarity on when you want the bad debts to be paid. Not the easiest road but so worth it. All the very best.

      Posted on April 10, 2018 at 10:29 am
  2. Thank you for this article. Simple and to the point. This year I decided to do number 2.
    every year I do something for my birthday, go on a trip, this year I had to be honest with myself, that I simply cannot afford it, it came as a shock to my friends but I knew where my financial standpoint is. I have shoes and clothes (still with tags on them), I committed to buying no shoes or new clothes this year (cleared all my wishlists on the online accounts, deleted the apps as well). Busy with a plan for number 3 now.
    Thank you for making number 4 attainable for us.

    Posted on April 10, 2018 at 11:29 am
    1. Wow Tumi, I am so proud of you for owning up to your financial journey! You owe it to yourself to get your money right. I am glad you have seen your situation for what it is and have taken soch clear actions to improve your finances. It will pay off…then you can really enjoy your money!

      I wish you nothing but the best!

      Posted on April 10, 2018 at 12:23 pm
  3. Hi Mapalo, I’m a young woman who is currently studying and working part time. Your blog is exactly what I needed, I’m truly inspired by you and the content you post. I don’t earn as much but I’ve made a promise to myself that I will manage my finances well, read financial literatures and hopefully be able to save up to attend at least one seminar/event on financial literacy. I have subscribed to your blog and I look forward to learning a lot from you.

    Posted on April 10, 2018 at 12:27 pm
    1. Hi Sonto,

      Thank you so much for the positive feedback. I commend you on having decided that you want to be financially successful and not waiting until you “make lots of money” before educating yourself. It is certainly not about how much money we make, but how much we make it work for us.

      …I would like to give you a complimentary ticket to my next event since you did mention you are working part-time. I don’t have a date yet but please as soon as you see the marketing, send me an email and will put your name down 🙂

      Posted on April 10, 2018 at 3:41 pm
  4. After 13 years in marriage in 2017, I found our family broke with depleted savings and one income. Mostly because I had left the financial responsibilities to my husband and some costly financial decisions were made and depleted all our savings. This has let me to start with 2 and 4 to avoid the same situation we are in. I believe if I know what I learned in the last 8 months or so, we shouldn’t be here, so I am taking ownership.

    Posted on April 10, 2018 at 2:15 pm
    1. Thank you Magdee for you openness, honesty and owning up to your financial situation. I believe no experience is ever lost, although a painful one, you have learned a lesson to be more involved with your own finances as well as your family’s. I applaud you for facing the situation head on and doing something positive to change it.

      You will love the podcast that is coming out this Friday, so many women share your experiences but have turned their financial life around.

      Posted on April 10, 2018 at 3:28 pm
  5. Yes! I love this 🙂

    Posted on April 19, 2018 at 3:47 pm
  6. I had started a budget 2 months back and had to move house it messed up my finances big time. I have to start again number 3 and this time not to touch my savings at all! Thank you for the advice you have gained a follower, God bless you.

    Posted on July 9, 2018 at 1:07 pm