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What Mistakes Make It Difficult for Young People to Save?
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[QUOTE="Mika, post: 228561, member: 29399"] In my opinion, there are two reasons why young people can not save or find it difficult to save money on a regular basis. First of all, they do not earn well. A young man or a woman might be placed in a good job, might have good knowledge and skill, still, they lack experience, thus, they are not drawing as much salary as they should be. Therefore, they always fall short of money. Secondly, young people have a lot of requirements. They buy subscription services, they spend a lot of money on mobile phone bills, they spend money in parties and clubs, they frequently done out, they go to the movies. Due to their recreatioal activities, they are not able to save money. Thirdly, young people do not have any knowledge of how to save money. They spend money on junk food, they spend money on unnecessary items, they dine out instead of cooking their own foods, etc. Fourthly, young people are unable to save money because they either do not have a regular income source or they already have a pending loan (outstanding loan), an educational loan for example. When you have debts, how can you save money regulary? [/QUOTE]
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What Mistakes Make It Difficult for Young People to Save?
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