Some Worthless Excuses for Not Saving Money

allan · Joined: 16 Oct 2006 Posts: 16 7.75 Dollars($)

Nowadays everybody is aware of building wealth through saving and investing. But The U.S. Commerce Department's Bureau of Economic Analysis revealed that Americans had a negative savings rate last year.

Here are some of the most worthless excuses for not saving.

I don’t make enough Money - This is one of the most common excuses for not saving. People who think that they don’t make enough money is because they don’t know their spending habits, where their money goes.
I will save later – Another common excuse is that many people think of savings later, but they forget that if they save later the amount saved will have less time to grow. It’s only little by little and slowly that you are able to accumulate lots of money.
Little Bit of Luxury – Many people don’t understand that having a saving plans is not to deny them from there luxury. Its not only important to save for retirement and emergencies but you can also reward yourself by saving for those items you once dreamt of.

You may find it difficult to save when you first start off, but gradually it will become your habit if you stick to it.

Thanks,

Allan

Guest 0.10 Dollars($)

Yeah, Even I also find many people saying that they dont have much to save but even a single dollar a day can be sufficient after 10yrs....

Guest 0.10 Dollars($)

Hi Allan,

I will just say one thing,

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