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What Mistakes Make It Difficult for Young People to Save?
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[QUOTE="Abigael, post: 228427, member: 25357"] Those are very true points you have mentioned about what makes young people not to save. The idea that they are still young to save is what is their biggest mistake for sure. They don't realize that this is their time to start preparing for when they will have a family. Many of them end up getting cought up with the family when they are not yet financially stable. The other mistake of not having a savings plan is also very genuine. Most young people don't put aside a portion of what they earn fkr their savings. They just spend it all. They may decide to save but since they don't save in different accounts from their spending money, they end up spending the saved money. Another mistake that young people make with saving is not having control over their urges. They desire alot to keep up with current trends with clothes, shoes and gadgets. So they spend most of their earnings on these things and don't have a plan on saving. Some even take loans to satisfy these desires. Young people need to start learning that this is their perfect time to start saving. This is because they don't have much responsibilities and most are earning pretty well. [/QUOTE]
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What Mistakes Make It Difficult for Young People to Save?
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