Why Saving Money Makes You a Better Person

Why Saving Money Makes You a Better Person
Written by Oana Schneider

Saving money makes you a better person in so many ways and some of them you probably already know. Numerous studies have shown that people who save their money are smarter than the ones who waste it, they are more sympathetic to other people’s needs, spend more time with at home than around town and clean their homes more often.

Needless to say, these are all great things, but there are also a few downsides:

  • People who save money are more interested in the price than the quality of that product
  • They can’t enjoy great vacations because they don\t think they can afford it.
  • They’re the least people to borrow you money since they don’t really know when they’ll get it back.

But let’s talk about the good things now because they are more numerous and dare we say flattering. Without further ado, these are the reasons that make money-saving people better persons:

1. Saving money makes you more responsible and mature

How? Well, for starters you start thinking ahead not just about money, but also about your personal life: you really start being more practical about your relationships, your family, the way you spend your holidays, go on vacations, interact with friends or go out to dinner. Also, you stop over-analyzing things because that is not productive and you know how to manage every resource that you have on your hands.

2. You become more optimistic about life

And not only because you know how counter-productive pessimism is. It’s also because you know just how much money to spend in order to have a great life, so you go looking for those moments that are adorable and beautiful but don’t cost a thing. You like to look at life as if it were a small business that never fails: invest when and what you can, take as much as possible and enjoy all the pranks around the office!

3. You value your little moments a lot more

All those little moments that made you who you are today are valued a lot more if you’re a person who saves money and here’s why: just like a couponer who comes home with a huge load of groceries purchased for only $15, stands in from of the pile and feels good about themselves, the same you look back at your life and become proud of the outcome. However, you are less nostalgic than other people, because of your sharp pragmatism, but that doesn’t make you cold or insensitive.

4. You become a true price-scouter

Which is great for your family, because you can afford to buy more items for the same price. Needless to say, that really comes in handy around holidays. But the real idea here is that, unlike other people, you realize that money is… just money and that the world doesn’t revolve around it, fortunately. You are not like other people who look up the priciest item to buy. Ever seen a lady spending thousands of dollars on shoes and wondered “Hey, what’s wrong with this $25 pair of shoes?” If you have, you know what we meant. You see things for what they are: things. Not life goals.

5. You get better at math

Yes, you can now calculate percentages, discounts, deals, sales, your kids’ school grades, the calories in a bag of chips or peanuts and so many other things. Scientists say that being good at math makes you less emotional, more practical, less likely to cry, more trust-worthy, confident, science-oriented (so no more believing in tarot cards, witches, zombies and so on). If that doesn’t make you a better person, we don’t know what does!

6. Your home gets a lot cleaner

Why? Because you sell old things and only buy things you absolutely need. You’re used to make money off of every single old items and therefore organize rummage sales, yard sales, garage sales quite often. No more rusted junk laying around, no more dented pots crowding the garage (you know what we’re talking about, for sure!).

7. You get more organized

Of course you do, because you need to know where everything is, from your vacuum cleaner to your garbage bags, your needle and thread case and the list goes on. How does that make you a better person? Well, by turning you into a role model for your kids. If you haven’t seen toys laying around in a while, it’s because kids imitate what they see at home, so congrats! Also, your friends and neighbors will notice this and see you in a different light.

8. You enjoy your free time a lot more

Because you’re well aware of your working hours, how much effort you put in them and so on. Therefore, spending time with the family is precious. This is how you should look at things: I have two days off work, I get paid this much for every work day, so my free time on weekends is worth this much.

If that is the case, watching trash TV is kind of counter-productive, isn’t it? If time is truly precious and you know this, which is why you try going on small vacations with your spouse/family. And frankly, this is the kind of people that every country needs, no matter where you’re from.

9. You eat healthier

Less and healthier, that’s the way to do it. Cheap snacks are actually more expensive than people think, on the long term: think about the gain weight and the effort you’ll have to put into losing it, the diseases (gastritis, ulcer), the medical bills, the unaesthetic look of your skin (let’s just stop here). Don’t buy a big bag of chips, try an apple.

Don’t go for a hamburger, try a cheese and tomato sandwich instead. But you already know this. Most people who interested in saving money neglect this part and only buy the cheapest food, also translated by the most unsanitary food. We honestly hope you are not one of those people. But down the potato chips, the cheese puffs, the caramels, the candy canes, the gummy bears and the Oreos. Right now!

10. You work out more

Why? Because working out at home or at the park is for free: it doesn’t cost you a dime and you get in shape. Plus, all you need is a workout buddy to encourage you to do it, especially if you think people are going to stare at you and so on. But you knew that already. You enjoy cycling, walking, jogging and going to the gym every now and then.

Someone once said that you don’t get what you wish for, you get what you work for. So true! Oh and here’s a fun way to exercise: put some music on your phone, wear a pair of headphones and start dancing at home when no one is looking. Do this for 30 minutes every day and you should be able to lose 8 pounds a month! It’s all about being bald and stubborn enough to stick to a routine.

Even if you don’t check all these points, saving money is still helping you be a better person. If you see couponers obsessed with having more than with living a good life, please know that this is not the way to do it: you went to the grocery shop and stocked up on everything you need for a while? Good, now go looking for the best offers on vacations, home decor, furniture, clothing, accessories. That’s how you do things and save money!

About the author

Oana Schneider

Oana Schneider is a published author located in Chicago, Illinois, who currently works for as a communication specialist and blog editor. She writes about lifestyle, family budget, has a degree in Communications and advocates for women’s rights. Her future plans include getting a Labrador and losing a few pounds.


  • Love this article! Reminds me of all the little ways I choose to save money. Like checking all over for good deals and taking the time to check local community events that are free, or even just heading to the park with my family. You also have some great points that I will keep in mind for the future, especially about eating healthier and exercising more.

    • I totally agree. Being frugal makes you look for the fun in free! I need to remember that my kids don’t care how much I spent on something, just how much fun we had doing it!

  • I do save money but I do not always find myself eating healthier. Food here is very expensive plus our taxes are high. Anyhow I do think it makes one a better person though. Plus saving generously for yourself can help a person out when loss of work and other bad things happen.

  • There are a lot of benefits to saving, but I don’t think it makes you a better person. Saving is to really a moral issue. I would say it is wise to save and you can learn a lot from saving and avoid a fair amount of difficulties by saving. But it won’t make you kinder or more forgiving or things like that.

    • I’d have to agree. Perhaps individuals that are hardwired by their personality and whatnot to save more easily than others could also have tendencies to be kinder people. That’s obviously not going to be the case every time, though. It’s hard to draw those types of connections and conclusions with hard evidence.

      • Me too, I guess we are too much into hard evidence this age and you’re right it’s hard to draw connections and conclusions.

  • Hadn’t really seen it this way before, but now that I think about it, trying to save money has made me more thoughtful in some ways, and definitely grateful for what I do have. And one of the nicest things is being able to alert my friends to good deals they may not have otherwise been aware of. Or give them suggestions for free or low-cost solutions to their dilemmas. So I would add “being more helpful” to the list as well.

  • Perhaps I agree but to a certain extent. I believe saving money teaches you discipline and teaches you to spend wisely and use whatever you have in the time of need. It also teaches to spend only if you have, etc. It also can make you rich. But it’s not for everyone. I believe that some people find it too hard to save but it does make them a better person because if they do save then they’re disciplined to control themselves well.

  • I recently got a little bit off track in the money saving department. We have been eating out a lot and spending money a bit frivolously. Now as I sit back and rework our budget I am feeling stressed and ashamed. I agree with almost everything on this list. I have gotten away from all of these things that once made me more happy. I’ve got to get back on track and this post is actually helping to motivate me to get back on the saving money train.

    • Oh, I know how you feel. Sometimes I stray away from my savings and wind up spending far more money than I actually should. It takes me days to realize what I’ve done, though it takes me seconds to decide to spend the money. It’s an issue that we all deal with from time to time, some more than others.

  • I’m not sure a cause and effect relationship exists for every single one of these points, but number one is, without a doubt, the best point of all. It takes a high level of maturity to actively save money and regain control of your financial (and non-financial) life. Most people can’t reign things in until they’re well into their 20s or 30s!

  • There really is no reason for us to be spending as much money we do. We live in a consumer society which means that you are at all times expected to hyper consume. You use more than you need and throw away things at leisure. A person that saves money is rightfully seen as a considerate person.

  • Not really true of many money saving people I know — some of them are NOT optimistic about the future, and that is why they save. Others still eat unhealthy, especially when they get tons of coupons for unhealthy stuff!

    But nevermind that, it’s pretty cool to be reminded of the rest of the stuff.

    • That’s a good point; I’ve run into my fair share of pessimistic penny-pinchers. I was kind of that way myself for quite some time. But I’ve tried to shift my perspective and look at saving money as a way to be creative in finding ways to live well/occupy my time without having to worry about going broke.

  • I think it’s important to develop these habits, but also to teach them to your children. My parents taught us how to shop well, look for bargains, and appreciate what we had. I had picked up some lazy and wasteful tendencies over the years, but am getting back to my roots. There’s so much more satisfaction in saving money because you did your research and found the same item for less, or to be able to do something important because you didn’t waste money unnecessarily. And, I love living near nature trails. Exercising outside in the fresh air, listening to birds and watching animals by the water is so much better than working out in a gym.

  • There are more benefits to saving money than not. Sure, when you’re such a saver you place yourself in a mindset of not thinking you can afford products or services because of great intent to preserve finances and you may look somewhat cheap, but in the long run you become a smarter shopper and organizer and you’ll be glad that your frugal living paid off in saving you back a lot you could have lost.

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