What factors hinders you from saving money??

[chicnthin]

There's a lot of hindrances for me from saving money. Some of it is because I only have online activities to earn from and with limited time because I'm quite busy with school. Another thing is when there's an expenses concerning health.

 

[Edward2]

It's just that inflation will, I suppose, have an effect on savings. This would deter saving if there is high inflation, and if inflation is higher than interest rates. Before it falls in value, I may look to either invest money or purchase assets that retain their value during inflation.

 

[Emma Aneni]

The supply of water is one of the first items to consider when renting or purchasing a property. You need to be a sure about whether there is access to water in the house. If not buying drinking water, you will still have to pay a lot of money on water to drink and even go a distance for that either way.

 

[Ali5676]

Spending comes easily to many of us, but learning how to save can help much more in the long run. One reason saving may seem more difficult is all the necessary expenses you incur like rent or mortgage payments and food. You may think you have heard it all before about cutting back spending, but everyday habits and attitudes may be keeping you from reaching your savings goals

 

[Tinaconcept]

Though saving is very difficult but we still have to save due unforseen circumstances. There are so many things that hinder someone from saving most especially the fact that expenses over shadows your earning in such case savings becomes very difficult.

 

[Asad Ali]

Interest charges: Higher interest prices will inspire humans to save extra money.
Availability of suitable financial savings schemes: With greater alternatives to store cash humans can be drawn to shop extra
Advertising of/understanding approximately what's to be had at economic institutions
Confidence/consider in economic institutions
Size of actual disposable profits: Disposable profits is the profits left after paying taxes. Thus extra money left in wallet will inspire people to keep extra.

 

[Faani18]

Saving money is a trick.the one who knows can do everything in the life. You must set a limit in your life. Put a percentage for everything. Handle your appetite for everything you saw or learned about that. Keep controlling on your demands.

 

[Dubai]

There are a whole lots of factors that hinder people from saving money. Firstly, I believe that the enormous list of daily responsibilities is one good reason people don't save. Some feel that they would always make money and have money to spend at anytime , so why saving it for the future when you can have it instantly. Others just want to enjoy their earnings at the present. So they see saving as a means of punishment.

 

[Mostee501]

Saving money is an important aspect of life, factors that hinder me from saving money are so many needs and wants that i have to meet upto, from the society am from, due to bad governance and leaders savings money is difficult due to very low income.

 

[Mastercoded]

The bills are just too much from feeding, health, entertainment, money for emergency and others, so to save is not easy

 

[mayreeh38]

The money is never enough for one needs. When we have so many things on our plate, we might feel discouraged to save. The more bills keep coming, the more you want to spend and take care of all these needs at once.

 

[Samuelkanu]

It is good to have a savings structure for yourself. This is because you are saving for the rainy days or when you will not be able to make money. However it depends on how much you make and the amount you spend from your earnings. It is good to live a good life but not a life that is beyond your means of income. You have to cut your coat according to your size but try and live a quality life. After that you can think of saving. But I prefer investments to savings.

 

[Dowenship]

I saved a small amount of money in January and that fund is what is keeping me at this point since the company I work with is yet to pay. Saving for the future will always save you a lot of stress which is very important as long as having a financial backup plan is concerned.

A lots of reason kept us from saving, the pandemic to the economy situation of each country caused by covid 19, although some countries are not affected but wat of under developed countries, they are suffering not to talk of having the money to save.

 

[tuna89]

Nothing prevents one from saving money except that his expenses are more than available finance, availabe finance also depends on one's income whether daily or monthly. Whenever you think you spend too much or above expected limit, you may have to cut your expenses and cut your coat according to your cloth, one has to be strict in cultivating savings habit.

 

[Lagazine]

I have heard widespread responses about the difficulties involved in saving money due to issues unrest. What you should ask yourself is that, when will this issues unrest wave off, so I'll save? My answer is 'Never, issues never go off from mankind. As you are taking responsibilities, you shouldn't forget to save something for the future. Remember their is life tomorrow, don't spend like everything is finished today. Irrespective of that, i know their are still factors that hinders our saving progress. Can you take your little time out and point out those factors that never allows you save.

I think one of the main factors that hinders ọnẹ̀ from saving is lack of self discipline . Self discipline is avery important factor for every business owner and entrepreneur because this is what can make them save without second thought

 

[Anasalam]

Interest rates. Higher interest rates mean that households will gain a higher rate of return on depositing savings in a bank. ...
Income levels/Economic growth. ...
Income distribution. ...
Wealth. ...
Confidence. ...
Demographics/Age distribution. ...
Inflation. ...
Cultural factors.

 

[Sincerem]

I think one of the main factors that hinders ọnẹ̀ from saving is lack of self discipline . Self discipline is avery important factor for every business owner and entrepreneur because this is what can make them save without second thought

That's one of the factors that makes one to save money made through gigs. One without self discipline can misuse funds for weird things that doesn't matter mostly. Cos he or she is not well disciplined to curtail the spending spree.

 

[Adeyoola7]

Not being able to save more money is my school I do pay lot of money on school maybe the school fees and lot of textbook to buy and so on and also buying clothes paying rent all of does don't allow me to save for the future ontill I finished my education I can't be able to save more no matter how much I save it all spend on my education transport fare also part of it

 

[Keibah]

I think I have a weak point of lending money to people when they ask. That's something that can put a strain on my savings. However, now I'm learning to say no and pay attention to my goal. I have no problem trying to discipline myself to save.

 

[Anymore]

When budgets are becoming urgently needed, and there's no much funds to subtitute for, then, savings becomes almost impossible