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5 Lessons Men Should Learn from Women’s Money-saving Habits

5 Lessons Men Should Learn from Women’s Money-saving Habits

Remember how your mother used to squeeze every bit of toothpaste from a tube of Colgate using the chapati belan? How about making hand-wash last an extra month by filling the bottle halfway with water? And, of course, you remember how your favourite t-shirt spent its last days in the kitchen as a poncha (cleaning cloth). For centuries, nobody has been able to beat a woman in managing an efficient home.

Just as women’s tricks to save and re-use make the Indian household more well-organized and spend less, their money-management habits deserve a bit of exploration as well. Taking inspiration from the women in our lives, this article will help you learn from women’s money-saving habits.

Lesson 1 – Her Secret Piggy Bank

Or is it “piggy banks”? No man has ever known!

Indian housewives have the habit of saving money in their piggy bank(s), be it a Rupee coin or a Rs 2000 note. Every time they find spare change around the home or want to save, it goes straight into the piggy bank. In the same way, saving a small amount of money in an endowment plan helps you get large pay-outs when you need them.

Your Lesson, Gents: Save Regularly in an Endowment Plan

Lesson 2 – Need Cash Urgently? Find it in the Dal ka Dabba!

It doesn’t end there, though! Emergency cash can be found inside old diaries, between clothes, and even among the naphthalene balls!

A woman will always have enough money during emergencies. In the same way, it helps when you keep aside at least 3 months’ salary as emergency cash. Experts suggest you maintain a separate emergency cash bank account, whose funds should never be touched unless in an emergency.

Your Lesson, Gents: Keep at least 3 Months of Salary as Emergency Cash

Lesson 3 – A Woman Keeps Money in Different Places, and Never Too Much in One Place

If you investigate a woman’s bag (not that we suggest it!), you will find money hidden away in each and every pocket. If you think about this a bit, you’ll observe that women do not keep money at one place but follow the idea of diversification of funds. The best tool for you to do so is by investing in ULIPs, where you can diversify your funds and at the same time avail tax benefits and life cover for your family.

Your Lesson, Gents: Diversify Investments According to Your Age and Needs

Lesson 4 – Nobody Can Beat a Woman at Buying Good-quality Products at Cheap Prices

Right from roaming the entire market and surfing the Internet several times, from bargaining with the sabji-wala, from looking for FREE products, to waiting for SALE and FLAT 50% discounts, nobody can beat a woman in buying good-quality products at cheap prices. In the same way, looking for discounts online, comparing two products before buying can help you save a lot! OneInsure follows the same idea and helps you compare between a wide variety of insurance companies and buy financial instrument(s) at a good price.

Your Lesson, Gents: Always Compare and Buy

Lesson 5 – A Woman Saves First and Spends Later

Warren Buffett, one of the most successful investors of the 20th century, says, “Do not save what is left after spending, but spend what is left after saving.” By this, Mr. Buffett means we should allocate savings first and then spend what’s left. A woman follows the same idea (without ever knowing Mr. Buffett’s quote!). She saves first and then spends money, be it shopping or groceries.

Your Lesson, Gents: Save and Invest First, Only then Spend

It doesn’t matter if you save as little as Rs 5,000 per month, you need to get into the HABIT OF SAVING. In this day and age, buying insurance is a great option to help you save. You can start saving in insurance with a sum as small as Rs 250 per month.

Here is where you can compare and buy various insurance plans based on your needs, age, and income. In case of queries, feel free to write to us at or call 86559-86559.

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