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  • Writer's pictureKel Galavan

9 Signs that you are a money-saving expert

What does it take to be a money-saving expert? You may very well be a natural-born money-saving expert. On the other hand, maybe you're one in the making. If you want to set yourself up for financial success, start by paying attention to a few key signs. Even if you feel there's a bit of work to do, maybe – a few simple changes in your routine, could put you well on your way!

How do you know if you are a money-saving expert, anyway? You can look for certain things, some of which are outlined below to give you an idea of your potential future financial status. If you have most of these traits, then there is a good chance that you will be successful when it comes to making and managing money.

Here are some of the most common signs that you are a money-saving expert, and if you aren't one yet and want to join the club, there are tips on how you can become one. Let's get going!

1. You have a clear idea of what you want and are willing to work for it.

One important money-saving insight is to have a clear idea of what you want and be willing to work for it. By knowing precisely what you want, you can create a budget and plan of action to save money and make your money work for you. It is also important to be patient and disciplined regarding money.

Rome was not built in a day, and neither was financial security. Just as it takes time to save money, it takes time and effort to achieve your financial goals. However, if you are willing to work hard and stay focused, you can achieve anything you set your mind to. So, if you want to be a money-saving expert, remember these tips and stay the course.

2. You're not afraid to take calculated risks.

You know that in order to achieve something great, you have to be willing to put something ( not everything, that's just silly, life is not a Marvel movie, unfortunately) on the line. You're not afraid of a challenge, and you're always looking for new opportunities. You're willing to take calculated risks because you know it's one way to achieve your goals. Being a money-saving expert is all about taking educated risks.

We're not talking about risks of the foolish, unnecessary kind. But instead, researching and taking calculated chances can be a key part of achieving success.

The main thing to remember here is that risk is exactly that, so only ever risk that you can afford to lose. Some will work out, and some won't, but over time and with research chances are positive.

3. You have a positive attitude and believe in yourself

Saving money requires self-discipline and a positive attitude. People who are able to save money regularly are usually people who believe in themselves and their ability to reach their financial goals along with other life goals they set for themselves. One of the best ways to know you are on a path to being a money-saving expert is to develop a positive attitude towards your finances. If you believe you can save money, you are more likely to take the necessary steps to reach your goal.

People with a positive attitude towards money are also less likely to make impulsive purchases that can harm their financial health. When it comes to saving money, attitude is everything. If you believe in yourself and your ability to save, then there is an excellent chance that you are a money-saving expert. how good does that feel?

4. You are flexible and can adapt to changing circumstances.

Are you flexible and able to adapt to changing circumstances? This means you can change strategies and tactics on the fly to take advantage of new opportunities or respond to new challenges. For example, when interest rates go up, can you adjust your investment strategy to continue getting the best return on your money?

Likewise, when a new money-saving tip or technique comes out, you can quickly learn about it and decide if it is something that you can use in your own life. Equally, you can decide if it is just a red herring that won't move you forward. Being flexible and adaptable keeps your mind open to new ideas and decide what works and what doesn't giving you the confidence to choose what is best for you. Circumstances change all the time, and being able to adapt to them is a sure sign that you are on track.

5. You are a planner - you have a plan for your money and stick to it.

You have a plan for your money, and you stick to it. This could involve setting up a budget and sticking to it or setting up a savings plan and making regular deposits (ones that stay there and aren't dipped into, they are the keepers). Whatever your approach, the key is to be disciplined with your money and ensure that your spending does not exceed your income.

This can be a challenge, especially in a world that eggs you on to consume everything sight! But it is possible to stick to a budget if you are open to making concessions in areas that don't bring as much value to you. For example, you might need to cut back on eating out or shopping for new clothes while you build up your rainy day fund. However, if you can stick to your plan, you will find that you have more money available to save or put towards things that do matter.

6. You are proactive - you don't wait for things to happen. You make them happen.

When it comes to money matters, being proactive is right up there with breathing. Don't wait for things to happen - make them happen. This means that you are always on the lookout for ways to get smarter with money and make your money work harder for you. Keep your learning mind open, read books and blogs widely and listen to podcasts. Stay informed about the latest deals and offers.

It is also worth reviewing your expenses regularly so that you can identify areas where there are leaks. By taking a proactive approach to your finances, you can save a significant amount of money this year and every year. And, more importantly, you'll have peace of mind knowing that your money is working for you.

7. You are disciplined - you don't spend money on things that aren't important to you.

One of the best pieces of advice I ever received was to be disciplined when it comes to money. That means being mindful of what you're spending your hard earned money on and only spending money on things that are truly important to you. By being disciplined with spending, you'll be able to save money in the long run and reach your financial goals faster.

When it comes to saving money, every little bit counts. So if you're looking to be better with money, try a little mindful spending by only buying things that are important to you. No Spend Days are magic in this regard.

8. You are persistent - no matter how many times you fail, you keep trying until you succeed

There's an old saying that if, at first, you don't succeed, try, try again. This is especially true when it comes to money. No one becomes a money-saving expert overnight. It takes time, patience and, most importantly, persistence. The key is never giving up, even if you make a mistake or two along the way. Or the more common, life blindsides us on some random Thursday. Sooner or later, your efforts will pay off, and you'll be well on your way to achieving your financial goals. When it comes to money, always be persistent - no matter how many times you fail, dust that crown off and keep trying until you succeed.

9. You are resourceful - when faced with a problem, you find a solution.

Being resourceful means being able to find a solution when faced with a problem. It's the ability to think on your feet and come up with a creative solution. Being resourceful is a valuable skill when it comes to money because they know how to get the most out of what they have.

They're also good at problem-solving because they're not afraid to try new things. As a result, they are often seen as the 'lucky' ones in the group. We all know one, why can't that one be you? If you're facing a problem, don't give up – flex your resourcefulness muscle!


Whether you are already a money expert and rocketing forward or, like most of us, there is some room for improvement. Fear not because we are all on different paths of the journey and moving at different paces. If a particular area needs your attention when it comes to your finances, then take some time with it and practice improving one step at a time.

Wherever you are on the money-saving expert scale, keep moving forward and don't give up. Trust yourself that you will become one in time. You'll be so glad you did.

If you want more or even better... a deeper dive into the mindset side of money, join the thousands of others who read the weekly Smart Money Times.


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