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5 empty excuses for not saving

Empty excuses

for not saving

Most people believe saving is a good idea, yet few actually manage to save enough. There are plenty of excuses for not saving enough. Here are some of the most common ones, and what you can do to overcome them:



Saving is impossible: If you think you’re unable to save, you’ll likely sabotage your attempts at saving. The first step is to change your mindset.

Not enough money to save: Unless you don’t have enough for a modest place to live and basic food, you probably have the ability to save a few dollars each month. Look to cut out small expenses, like lottery tickets and convenience-store soft drinks first.




Too much debt to save: Systematically paying off debt is saving. Lower your debts, and avoid more debt at all costs.

The economy dissuades saving: Any change in income or expenses is a signal to review your budget and make appropriate changes, not waiting for better times. And rising prices may mean you have to adjust the amount you save each month, but that’s no excuse to stop saving entirely. One of the biggest reasons for saving money is so you’re not derailed by the unexpected increases in bills.

My spouse makes it impossible to save: If both partners can save, separate your finances. When your partner’s finances crack, you’ll be glad that you managed to save some money for both of you.

— U.S. News & World Report


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