Easy Ways to Save Money $$

Career

Increase Your Worth Overnight

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Ok, you can admit it. You love money. I mean really — who doesn’t?! We all want more of it.

Today, women account for 52% of the world’s population and influence 75% of all purchases. Women worldwide represent the main source of income for 30% of homes, and 48% of female workers contribute half — or more than half — of the household income. Yet for every one female millionaire, there are four men to rain on her parade. What gives?

Increase Your Worth OvernightFrom childhood we are taught by fairy tales like Cinderella that men are the moneymakers and women are the booty shakers, so to speak. Through adulthood, shows like “Who Wants to Marry a Millionaire” give us the idea that catching the man means catching the cash. What’s more, women are told that going shopping is the way to get over a breakup, bond with girlfriends, or simply spend a Sunday.

Good news: you don’t have to become a gold digger to strike it rich! A quarter of all millionaires are women, and you can help raise that number! Skipping those three trips to Starbucks a day, or packing a lunch instead of buying one, will save you almost $20 dollars a day; invest the $600/month you saved, tack on compounding interest, and voila — in 23 years you’ll have over a million dollars saved.

Wondering how we came to that? It’s easier than you think. Check out this handy calculator. All that saving, if invested well with a good financial planner, could add up to a lot more than you imagined it would, over time. Just imagine what you could save if you skipped those a few (admittedly, unnecessary) seasonal Montclair or Prada purchases and invested the money instead!

Here are a few easy tips that will help you gain more of what you want: Money!

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Originally from Denver and now living in NYC, Angie has been writing since she was small. She lives in the Flatiron district with her partner Tanya and their mutt Sparky (always adopt!) In her spare time she loves to paint (mostly abstract) and talk to random people on the street to find out what's interesting to them.

12 Comments

  1. Hannah Mayers

    It’s HARD TO EARN money but VERY EASY TO SPEND IT. And whether we admit it or not, most of the time we tend to forget to spend it wisely! Personally, shopping, spending and luxurious vacations give me a different relief, relaxation (probably because 99.9% of my time is spent at work). And I can honestly admit that during my younger years, I used to spend everything (I almost leave nothing every payday). But as I mature, I learn the value of saving for the future. Of course, I still spend, I still shop and do some luxurious vacations but I now make sure to allot more on my savings!

  2. Courtney Watson

    I am on my way to riches! Shopping is a girl’s hobby and I must admit that sometimes I can’t control myself when it comes to shopping and I tend to forget the difference between a need and a want. But one solution I found is to leave my credit card with a higher credit limit especially if I know I’m going to a mall. This way, I learn how to control myself.

  3. Angela Davis

    I stopped going to Starbucks every morning for a latte and a pastry but I still put that money into a jar at the office. After a year, I was able to afford a nice vacation for myself (I had save almost $1500!) Instead of taking that vacation, I decided to put that money in the bank and start all over the next year. It really does add up and now anytime I want to make an impulse purchase, I decide not to and just put that money in the jar as well!

  4. Jen Garcia

    When I was a young girl, I believed and fantasized fairy tales so much. I wished I could be like Belle from Beauty and the Beast who, from being poor, found the Beast who happens to be the “cursed prince.” They got married and live happily ever after. Of course, Belle got rich because the prince is rich 😉

    Oh! little ladies’ wish. But when I grew up, I realized, it’s not that simple. I can be rich but not because of anybody else, I can become rich because of “me, myself and I.” And it’s not working and working and working, it’s about wise spending. I maybe working all day and earning a lot daily but all of these can be gone in a snap of a finger if I just spend! If I don’t think before and while spending.

    With the examples cited, I totally and 100% agree with paying off credit cards IN FULL and ON TIME. I personally believe it is the best way to save.

  5. Tami Winbush

    Unfortunately I am not on my way to riches. But with these tips, I'm sure that I can get there. I have no credit cards right now, but I do have a horrible credit report and working on that, though money consuming as well as time consuming will make me richer by the day as well.

  6. Thank you for these tips! I always try to be better about saving money.

  7. Joanne Samonte

    “Learn the difference between a want and a need” In every spending I make, I always remind myself that money is hard to earn but very, very, very easy to spend. In this way, I can make easy decision if I should really buy an item. If it’s a need, even though a bit expensive, I’d go for it. But if it’s just a want, I’ll stop for a while and think about it…
    Oh and thanks for the checklist, it made me realize that my method of spending is working. I answered true for 8 questions…

  8. Dayana

    ” save 5 dollars a day for the next 41 years and voila, you’re a millionaire”

    (5 dollars)x(365days)x(41 years)=74825 $ It’s not a million!

    • OMG – ha! I dunno how that got past fact-checking… just changed it. Thanks for the heads up!

  9. Randie Cadiogan

    Wow. These are really useful tips! I should really start saving. Maybe i should start leaving my credit card at home too. 🙂 

  10. Justine Perry

    These are pretty useful tips. Easier said than done though.

  11. Jennifer

    I seriously have to start saving up! ! ! Haha. I wanna be a billionaire so frickin bad.

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