So many people out there are struggling on how they can save their money. Why are they finding it very difficult to save their money? Your answers will surely help.
So many people out there are struggling on how they can save their money. Why are they finding it very difficult to save their money? Your answers will surely help.
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People find it difficult to save money due to a combination of factors such as lack of budgeting skills, impulse spending, high living costs, unexpected expenses, and limited financial education. Psychological factors like present bias (preferring immediate rewards over long-term gains) and social pRead more
People find it difficult to save money due to a combination of factors such as lack of budgeting skills, impulse spending, high living costs, unexpected expenses, and limited financial education. Psychological factors like present bias (preferring immediate rewards over long-term gains) and social pressures can also play a role in making saving challenging. Additionally, economic uncertainties and personal financial goals can influence saving habits.
See lessOvercoming these obstacles requires a mix of practical strategies and a shift in mindset towards long-term financial stability.