Saving is a very important habit that every professional should learn. But we'd rather spend the hard-earned money we get from putting it away for crunch times. This inability to save is a serious problem from a financial standpoint and can be with many obstacles or reasons that are too familiar to many professionals out there.
Here are the reasons people can not save :
Many people use this excuse as if their money suddenly disappears after receiving their salary. If you are one of those people, then you must have some serious problems in tracking your expenses. You may never even take care of the monthly budget in your life that explains why you do not know where you spend your money.
Remember that losing control of your expenses is a serious matter and you need to control it as soon as possible. Start by tracking your income and expenses. No need for complicated schemes, just make a realistic budget that you can use and live.
Once you can track your spending, you can also specify an area where you can start cutting some costs and allocate them to a savings account.
