3 Reasons Why Many People Have Difficulty Saving

[Suba]

Saving for many people is not an easy matter, many of them have created a budget but it is only for decoration and not implemented in their daily lives, in fact their income (salary) will run out before the end of the month. The main key to successful saving is habit and discipline, so you don't have to start with a large percentage (30%) but you can start with a small percentage, for example 5% of your monthly income, and every few months you can evaluate and increase the savings percentage. There are several reasons that we often find or the main reasons why people find it difficult to save are as follows:

1. Change Lifestyle
Even though changing lifestyle habits is not easy, it can be started slowly, such as reducing the habit of hanging out in cafes or always eating out, enjoying going to parties, shopping frequently, etc.

2. Low Motivation
Someone who has low motivation will always fail when they start saving. So, to increase motivation and enthusiasm for saving, a person needs to set savings targets and goals, such as preparing for marriage funds, buying a house/car, the latest smartphone or saving for old age which can be realized in the short or long term.

3. Don't Delay
Never delay saving, start saving today, even with a small amount, and create a special savings account so it doesn't get mixed up with spending money. Make transfers either automatically to a savings account or manually if you get paid as a freelancer.

 

[Activator230822]

In a matter of fact, most people including myself are not in a position to manage the daily savings for that matter.
The main reasons for that being the lack of enough financial assets that can sustain themselves before they can think of making savings.

The lack of employment opportunities and jobs are the most prevalent reasons that leads to brokeness for the most people and that leads to them not in a position for managing the savings for that matter.