3 Reasons You Are Having A Hard Time Saving Money
They say it’s not how much you earn but how much you save that will truly determine how wealthy you become. You could be earning 5 figures a month but if you have elevated your lifestyle and spending money like there’s no tomorrow, you still won’t be able to save money. Furthermore, here are the reasons why you might not be saving money: 1. You are not paying yourself first. If you set aside money for your savings account last, you will have a hard time building your wealth. There will always be something that you will prioritize – whether it is an essential thing or not. What you can do is make a separate bank account for your savings. You should automatically put a portion of your income on this account. 2. You have so many debts to pay. If you have so many debts to pay, you will have a hard time setting aside money for your savings. You should tackle your debts first before putting your all into building your savings fund. Use the debt snowball method, which involves paying off