Smart Women Society finance expert Tea Angelos shares eight simple money-related habits to keep tabs on your bank balance in 2023

A finance expert has offered the eight simple money habits to keep your bank balance in check in 2023.

Téa Angelos, the Australian founder and CEO of Smart Women Society, has shared a TikTok video explaining the things you should be doing on a daily, weekly, monthly and weekly basis to help you spend less and save more.

WATCH THE VIDEO ABOVE: Eight Habits Related to Money.

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“If you want to get better with your money, you have to follow this routine,” she said.

On a daily basis, she suggests tracking your spending and checking your bank balance to get a clear view of where all your money is going on a day-to-day basis.

Each week, Angelos says you should track your spending habits and savings so you can stay on top of recurring expenses.

Téa Angelos offered the eight simple money habits to keep tabs on your bank balance in 2023. Credit: Tea Angelos

She says planning your weekly meals will help keep control of your spending.

By writing a shopping list of essentials, you can get groceries cheaper when you buy in bulk, as well as avoid impulse buying or wasting money on items you end up never using.


On a monthly basis, Angelos recommends reviewing your budget so you can prioritize where you want your money to go.

He suggests automating your bills to ensure you don’t incur late fees.

If saving money is a challenge, she recommends setting up automatic transfers to secure your financial goals by the end of the year.

Whether it’s personal or an investment, we automatically move your funds into your savings accounts every month to give you peace of mind as your money grows.

On a daily basis, keep track of your spending and bank balance. Check your spending habits and savings every week. Credit: Tea Angelos


Each year, Angelos says you should take the time to “review” your insurance — including health or auto — to find the best deals.

Finally, she suggests that one of the best ways to lower your bills is to jump on the phone and negotiate with your service providers.

By following these eight simple steps, Angelos says you’ll be more aware of your spending habits, which means you’ll likely stick to your financial goals without derailing them.

On a monthly basis, review your budget and automate billing and savings. Review your insurances annually. Credit: Tea Angelos

How to budget

Angelos previously shared a simple budget trick using the 50/30/20 rule.

“The first 50 percent of your budget goes to needs. This includes all of your essentials like rent or mortgage, utility bills, groceries and transportation,” she explains.

“Then 30 percent goes to your wishes. That’s all your “fun” spending a month on things like eating out, new clothes, and Netflix.

“The bottom 20 percent is the most important for your savings and investments. Increasing this percentage will make you rich faster.

She adds, “You can change the percentages to work better for you — you don’t have to stick to 50/30/20.”

Téa shared a simple budget hack using the 50/30/20 rule. Credit: Society of Smart Women/TikTok

Financial freedom

To reduce your spending, Angelos points out the five things that will “kill your financial growth.”

  1. Buying things to impress people
  2. Living beyond your means
  3. Not having an emergency fund
  4. Impulse buys
  5. You always need the latest car, purse or latest gadget

“It’s never too late to start working on your finances for your future,” she said.

How to calculate your budget using the 50/30/20 rule.

How to calculate your budget using the 50/30/20 rule.

Bank accounts to set up

If you’re looking to “grow your wealth,” Angelos suggests the five bank accounts you need to open.

  1. Daily account: Daily expenses
  2. Daily Account: “played” money for eating out, shopping and “fun” activities.
  3. High Yield Account: Short-term goals including holidays
  4. High Yield Account: Long-term goals like buying a house
  5. Emergency fund: Ideally you should have three to six months of living expenses saved up in case something goes wrong

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The Financial Expert’s Money Challenge to Save $1000, $5000 and $10,000 in 2023.

The Financial Expert’s Money Challenge to Save $1000, $5000 and $10,000 in 2023.

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