10 Reasons Why You Don't Have Savings Until Now

You might relate with some of these reasons. However, bear in mind that it's not too late to save your money and have a financial freedom in the future. 

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1. You are just contented on your small salary. You don't have any plans to have an extra money.

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2. You don't have any Financial Plans, that's why you don't have a bank account or just a simple piggy bank.

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3. You are just depending on the money given by your loved ones, that's why you are thinking that it's okay even if you don't have any savings. 

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4. You prioritize your luxury like buying new gadgets and traveling, than saving your money.

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5. You don't have any budget plans, that's why you are having a hard time in monitoring your expenses.

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6. You are always setting your mind that "I will save my money starting tomorrow", it only means that you don't have any determination in saving your money.

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7. You are afraid to try to put up a new business or to have an investment because of your Financial Literacy.

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8. You are giving all your money in helping your family even if there's nothing left for you.

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9. You have a lot of debts and loans as you are prioritizing what you "want" instead of what you "need".

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10. You don't have a strong mind-setting that you need to save money for the future, than buying unnecessary things that satisfy you in the present.

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To all our readers, stop being contented on your small salary and find something that will help you to save money for your future or for emergency purposes so that you don't need to lend money to someone which might give you another headache because of high interest which will not help you along the way. 

It's not bad to help your family in their financial needs however, you also need to see things in bigger perspective even if you are the bread-winner in your family, you need to save money for yourself it's not being selfish, it's for your future.

Always monitor your income versus your expenses it will help you to budget your money and ensure that you will have a savings even a single buck. 

Please bear in mind that gadgets and other luxury you want will only satisfy you for a short time only most likely if you have a small amount of income. It's more satisfying if you have a lot of savings, you don't need to go to work because you have a business which gives you an extra income before but now it's your main source of income, and you can buy whatever you want because you know the significance of your money until the single penny. In addition, it's more fun to travel if you have a Financial Freedom.

It's mind-over-matter, always set your mind that you can save money and always think for your future. |SRP - INTP

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