Why can't a person save money?
Every person should have some money savings, even if it’s small.
However, not all people save money, live from paycheck to paycheck and have no surplus.
Why does this happen?
The person earns very little, so all his expenses go towards food and utilities.
Even with strict savings, he cannot afford to put aside even a minimal amount into an account.
It is important for such a person to find an additional source of income or change jobs with a higher salary in order not to live on the brink of poverty.
A person lives beyond his means, spends more than he earns. At the same time, he can earn good money, but spend it all on some kind of expenses.
A person may even take out numerous loans to satisfy all his desires.
This means that a person needs to learn to live within his means and, if possible, find better deals, and not buy unnecessary things.
People are used to spending money immediately, rather than saving it. As soon as they receive their salary, they immediately go and spend it on various whims and pleasures.
A spendthrift does not understand how one can deny oneself something if one has the money for it.
Such a person can be advised to contact a financial consultant or trust their funds to someone who can manage them wisely.
The man is compassionate and lends money to his friends without asking for it back. He cannot refuse to help anyone, he understands the situation of anyone who asks.
Such a person is ready to give the shirt off his back, if only everyone around him would be happy. But the more he gives and leaves nothing for himself, the poorer he becomes.
As soon as a person intends to save money, unexpected expenses that cannot be cancelled immediately begin to emerge.
A person is forced to pay for them, and as a result, the money evaporates again. For this, a financial safety cushion is needed.
It is designed to protect a person from force majeure situations that can weaken him financially. The cash cushion should be at least 30-50,000 rubles, and preferably even more.
The person lacks basic financial literacy, as a result of which he makes the same mistakes.
Financial literacy skills are useful to everyone without exception, regardless of income, temperament, gender, and so on, because any person deals with money and must be able to manage it wisely.
Earlier I talked about how to stop wasting time and start taking action.
