11 Financial Habits of Successful Women

Being successful doesn't just happen overnight... there are lessons learned and skills developed including these 11 Financial Habits of Successful Women. Successful budgeting, successful planning and successfully controlling your income all count towards being a successful woman.

Disclosure: Some articles on this site may contain affiliate links, meaning, at no additional cost to you, The Daily Femme may earn a commission if you click through and make a purchase.

Shares 42K

Recently I talked about the 11 Habits of Successful Women that are integral in helping them achieve their success. I also discussed that a successful woman is financially savvy and knows the ins and outs of her finances. This point is so incredibly important it deserves a post of its own.

Whether you’re successful in your career, as a mother or in your relationships, there are 11 Financial Habits of Successful Women that help her keep her finances sorted.

1 – She knows exactly what her income is and where it comes from.

How much did you get paid last fortnight? Do you earn money from shares or interest accounts? Do you know how much? A successful woman knows exactly how much money she has earned and where it has come from.

She accounts for it all and makes sure every cent she earns is working as best as it can for her.

2 – She knows all of her expenses, when they are due and has limited nasty surprises.

A successful woman never pays late fees because she is organised and knows what is due and when. She knows her water bill is due in two weeks and has budgeted for it, she knows that she has her business registration fees due at the start of every month and they are always paid on time.

She avoids nasty surprises as much as she can but knows they do pop up and guess what? She has a budget for that too.

3 – She never lives a champagne lifestyle on a beer budget.

A successful woman never lives on credit – she doesn’t purchase above her means and certainly does not live a champagne lifestyle on a beer budget.

She understands that this is just an appearance of wealth and she has no desire for that, she is motivated by actual wealth and knows that means so much more than just the dollar figure in her bank account.

4 – She has a budget for each pay and sticks to it.

You know those budget planners that allow just one budget for your whole year? Yeah? Throw them out. When do you EVER have the exact same budget week after week?

Even if you’re lucky enough to have a stable pay, your expenses change. Electricity due? Planning a trip away and need to budget extra diesel? Perhaps you’re going out to dinner on the weekend with your family and need to add that expense in?

Budgets that are realistic and account for every known expense are far easier to stick to and allow the most financial control.

Being successful doesn't just happen overnight... there are lessons learned and skills developed including these 11 Financial Habits of Successful Women. Successful budgeting, successful planning and successfully controlling your income all count towards being a successful woman.

5 – She pays off her most expensive debts first.

A successful woman knows how much her debts are costing her and pays the most expensive ones off first. She also knows the difference between debt with the most owing and debt that is costing the most money.

6 – She understands the importance of investing in herself.

A successful woman knows her value, she knows how important it is to invest in herself and allows for this in her budget.

While it can be easy to get caught up in sticking to a strict budget and not spending any money on herself, a successful woman knows this makes her less likely to actually stick to her budget for a long period of time.

She rewards herself when she reaches financial goals and allows money for herself in her budget – even if it is as simple as a magazine and manicure. She knows how important it is to feel good in herself.

7 – She avoids unnecessary expenses and cuts back where possible.

A successful woman knows that she can easily save in excess of $25 a week from simply making a coffee for herself at home instead of picking one up on the way to work. She buys her favourite beauty supplies when they are on sale instead of paying full price and she fuels up on a Tuesday because she knows diesel is cheapest that day. She never has to pay late fees because her bills are always paid on time.

A successful woman has far too many important things to invest her money in rather than spending unnecessarily.

8 – She understands that just because you can afford it, it doesn’t mean you should purchase it.

Just because you CAN afford to buy the latest Coach handbag, new iPhone, coffee every day or other lavish items… doesn’t necessarily mean that you should purchase it. We all should have treat items and purchase the occasional bigger ticket item… but they are occasional and calculated expenses… not frequent and impulsive purchases.

9 – She has savings.

And she contributes to them regularly. A successful woman knows she needs a backup plan, she knows that sometimes unexpected things happen that could possibly leave her without an income for a period of time, or an emergency could come up which could require a big outlay on her behalf. Whatever the circumstance, a successful woman is prepared.

She is also smart enough to know that these savings needs to be easily accessible in case of an emergency.

10 – She has money going towards a retirement fund.

And these are separate to her savings. Some countries, like Australia, have a mandatory contribution to retirement funds. Other countries, like the Unites States, require you to set this up and manage it yourself.

Either way, you should be contributing to your retirement fund from an early age, as in during your 20’s – not waiting until your 50’s to start contributing.

11 – She doesn’t let money control her happiness.

Most importantly of all, she knows that her happiness does not rely on the amount of money in her bank account.

Shares 42K


  1. Spot on once again! You’ve hit the nail on the head and I particularly agree with investing in yourself. It’s the best investment one can make. xx

  2. My favorites on this list were #6 and #11. I am very good about budgeting and saving money, but allowing myself room to spend and enjoy my budget are things I could work on. Having money saved up is great, but if you can’t allow yourself to spend it on a few guilty pleasures, you forget to enjoy your life.

    1. Wrong. Life is what we make it spending money is not filling us with true joy let alone happiness. That is shallow and irresponsible when we have not invested in us first, paid of debt and put money away for retirement.

      1. I believe spending money on things that make you feel good and that you enjoy can be a very healthy practice – as long as it is within your budget (as in not living a champagne lifestyle on a beer budget).

        Spending money doesn’t need to be on materialistic goods – it can be on experiences and education to further develop ourselves, leading to greater opportunities and higher earning potential in the future.

        I tend to have a budget for spending and allow myself to spend that on whatever I see fit. My bills are all paid, I have money going away for retirement (which is quite different here in Australia) and my debt is being paid off.

        All of these financial habits work together – to create a more fulfilling, successful and happy relationship with money 🙂

  3. Excellent article- every point resounded with me; I’m on a fast track towards retirement by 52. My former boss nicknamed me “The Golden Squirrel.” Yep! Gonna make it happen!!!

  4. Brilliant post. I have to admit, I haven’t always been financially savvy. In fact, I didn’t even start my financially savvy journey until I was 40. I’m so pleased that there are people like you around now, writing fantastic posts like this. I wish I’d have got this sorted many years ago. And I encourage everyone to start as soon as you start making your own money. xx

    1. Thank you so much for your lovely comment Wendy. I wish I had known these things in my early 20’s… what a difference it would make. But, it’s never too late to be financially savvy 🙂 <3

  5. Unfortunately my life changed after my children went on to college, I went back also . I am in transition at44, finishing a law degrees do an empty nester. I had saved in my early life Well when the children were small with a great retirement then,buying a home. Now that is me it seems like it’s harder, less jobs since the crises period ,but I am so much smarter I’m planning to do more investing andBring my nest egg at full throttle which means Stronger investing and putting real estate back into my portfolio. Making sure that I keep my pulse on my bills and credit lines more healthier and establishing a concrete business line of credit I love this article because it is exactly what I need to live by in the second half of my life. And yes I do believe in investing in myself which I didn’t do with the small family much putting them first. But I was always told by a relative that the best mother will take care of herself which ensures sure she’s taking care of her family correctly. -Senita

  6. I’m impressed reading this piece ! I appreciate your efforts and time to help other women out there. My grandma once told me that before you purchase anything, ask yourself this simple question ‘If i don’t purchase this, will i still survive without it?’

  7. Thank you so much for sharing these key pieces. I still have a little work to do on my part but this helps me get right on track!!

Leave a Response