Common Reasons for Not Saving

We are all told to start saving at a young age for various reasons, but why does it seem like so many individuals have trouble saving a small portion of their funds?

Below are some of the common reasons for not saving:

• Low Compensation: Low salary earnings makes it harder to save.
• Too Much Car: Expensive car loans or leases makes it all the harder to reach your goal.
• Overuse of Credit Cards: It is so easy to pay with plastic that people give in to temptation and overspend.
• Failure to Budget: A budget helps track progress to reach your goals. Too many people don't budget. They have no idea how they may be wasting their money.