Difficulty of saving money

Mango9

Member
Saving money might be challenging at times. Life frequently throws us curve balls, such as unforeseen emergencies or injuries, which tend to interfere with our routine and savings plan.
There are strategies to make saving and investing simpler if you are having trouble achieving financial freedom.
Consider making it a game to figure out how to spend $100 less each month. For instance, you can choose to walk home instead of riding the bus or order water at a restaurant in place of tea or coffee.
Use an app like Digit to help you save automatically, or set up automatic transfers from your checking account into an investing or savings account and do the same with your paycheck. The money increases even though you never "see" it.
 

Abigael

Valued Contributor
Saving can be so difficult indeed. Especially since we are humans and we have so many desires and luxuries that we would like to buy ourselves. You will find yourself sometimes digging into your savings since you don't have money and are desiring something. This may happen a lot to the extend that you never save anything.

That is why saving requires so much self discipline. Which only happens if you are aware and decide that you actually want to save with so much self discipline. Then stop yourself whenever you want to take out the money from your savings. The more you stop yourself, the more you develop self discipline.

It also helps a lot to have a savings account that is different from that of your personal finances. That way, you never get tempted to use all the money from your personal needs without having anything remain to save.
 

Sotherefore

VIP Contributor
The point is that everything can be achieved but all this thing's requires discipline and dedication. Anyone that is discipline to save money will always achieve his main goal at the end of the day because without savings it is impossible for us to plan our future because when thinking of planning for the future savings and capital must be involved directly or indirectly.

Sometimes I believe that the reason why some people may not be able to save money is always because of the fact that they do not have the required money needed to sustain them on monthly basis and at the same time help them have savings. In situation like this it is our responsibility to try as much as possible to work hard toward having a better saving for the future.

Word we have to understand is that if our monthly earning is not sustainable , it will be very difficult for us to have a better savings.
 

Carpon

Valued Contributor
Another strategy that can help one to save better is to avoid buying very costly materials whereas there are cheaper ones that are almost the same quality as the costlier ones.
 

Mika

VIP Contributor
If you want to save money, you need to do just one thing: Overcome the temptation. You need to overcome the temptation to spend money on things that you actually do not require to run your life. You need food to survive but you can survive without having ice creams or coffee. If you can overcome the temptations to not buy coffee or ice creams, you will save money that otherwise would have been spent. Instead of driving your own car, you can take public transport to save money, instead of a gas engine car, you can drive an electric car to save money. In fact, there are numerous methods to save money. In order to save money, you will have to cut your spending on luxuries. For example, why should you subscribe to netflix when you can get good entertainment from youtube or tiktok? You will also have to start investing your money.
 

Chibson

VIP Contributor
The simple truth is that it takes a lot of discipline for you to be able to save tangible amount of money for yourself. So many people make some good amount of money but at the end of everything they find out that they are not saving anything reasonable.

Saving is good because you will always have a money in which you can use to solve a pressing problem at a particular point in time. Whenever I receive my monthly income the first thing I do is to share them in such a way that I will use of certain percentage from investment and some certain percentage for savings.

This has actually helped me to save something reasonable and of course invest something reasonable. Both saving and Investment are very important if you really want to achieve financial freedom.

One of the best ways in which you can save something reasonable is by cutting down on your lifestyle. A lot of people spend a lot of money on irrelevant things and this has actually made them not to be able to save something reasonable at the end of every month.

Discipline is another thing you need to apply if you really want to achieve financial freedom.
 
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