What Is The Most Challenging Part Of Saving Money?

I am terrible at saving money.  I will wait while you reread that sentence… I am really great at saving money on purchases and cutting back on things to save a few dollars and cents.  But what is the most challenging part of saving money for me?

While the average American has very little retirement savings, is living paycheck to paycheck, and lots of credit card debt, we also know that they are also struggling with the saving part of personal finance.

I am trying desperately to change our mindset on this one.  When something comes up, we have just always waited until payday and then worked it into the budget. If that means that the electric bill needs to wait until the next payday, then so be it.

It Is Easier To Get Money Than To Keep It

I have come up with a list of the reasons it’s so difficult for some people to save money.  And while I am writing this, I plan on evaluating myself.

Why Is It So Hard For Me To Save Money?

You spend “like you’re in congress” (Dave Ramsey Reference).  Like Arianna Grande says, “I see it.  I like it.  I want it.  I buy it.”  Your mentality for stuff is that of a three-year-old, and it doesn’t matter to you if you have money in the bank or not.

No Idea Where Your Money Is Going

This goes hand in hand with losing track of your money.  You have no plan for any of It.  You don’t know when the cell phone bill is due.  You pay it when they tell you it’s going to be turned off, hoping that the payment goes through.

No Budget

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