We don’t have to become slaves to our unworthy habits. Just simple changes can go a long way to deepen your pockets.

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“We become what we repeatedly do.”― Sean Covey

It’s time to act on this powerful, yet very simple habit. Become a woman who masters herself rather than have habits master you.

Habit 1: Set A Goal And Date To Watch Monthly Expenses One Step Ahead

Each month, this one simple habit of watching what you do will go a long way. Awareness is key in this process of becoming your own millionaire. This small but consistent habit lets you drop all your unnecessary expenses as you subconsciously meet your goal. Your mind is forced to meet your goal 12 times per year and acknowledge the importance of it .

Habit 2: Carry The Right Debts To Get Closer To Retirement Dreams

Research has shown that in developed countries, women tend to earn more and spend more. However, they also get into more debt. It can be personal loans and credit card debts or emotional expenses to keep themselves happy. Credit card debts are not needed in your life, as they are choices you make willingly for your lifestyle. If you can’t control and manage your credit card, change to debit cards. Your aim is to make every penny you earn count.  Getting into investments early, studying about them and making mistakes are better ways of losing your money, as knowledge is power. So once you are in the habit of no debt, you will start attracting the right risk you should take to grow your money.

Habit 3: Live Within Your Means

This simple habit will make you a Warren Buffett in your own means. After knowing what you want and curbing your expenses, this habit is easy to follow if you don’t get emotional about your things. Women lose their power to emotional spending and choose to remain broke. As long as you are not following any system in managing and creating money, you tend to cross the grey line of your means. Never expand your means to cover your income, but instead expand your income to cover your means.

Habit 4: Use Technology To Your Full Advantage

Automate everything you don’t like doing but needs to be done. It’s good that we’re in the digital era where we don’t have to manually do anything. We just have to decide and follow until we reach our goal. Don’t get me wrong, emergencies are definitely allowed to happen in your life, but more often than not, we tend to remain in the emergency phase by constantly having nothing in our bank or very little in our bank by month’s end. Use the many apps available to track, remind, and even plan your month with your given income and desired savings goal. Use it so you don’t lose it.

Habit 5: Don’t Let Money Set Low Expectations Of Yourself And Your Career

Many habits rule our emotions, our actions and, thus, our life. This small but poignant belief system that you share with money will impact your biggest turning point of your life – your career. If you become very bad at managing money and share a lost relationship where you can’t seem to keep the money you earn, then you will start having a belief system that will sabotage your income in the future.

Research has shown that women tend to ask less or nothing at all in negotiating their salary compared to the opposite sex. As we do tend to take family responsibilities as a priority, we start putting less market-worth on ourselves, losing confidence in self-worth. But if you have a healthy belief system on money and know how much you are truly worth, you won’t settle for less. Less does not mean more in this area of your life.

In summary to this series of Financial Passion, you can be your own worst enemy when it comes to financial success. It’s all too easy to procrastinate and neglect what needs to be done, while giving in to temptation and spend more than you should. It’s the perfect recipe for not becoming rich. So buckle up and do what needs to be done, so if you don’t get to your goals fully, I can promise you that you won’t be too far behind.

_{Edited by Nedda Chaplin
Image credit: Close up of female accountant or banker making calculations. Savings, finances and economy concept from Shutterstock}

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