Register or log in to explore all our content and services for free on Admin Junkies.
You got a point there. Increased inflation actually decreases the purchasing power of one's finance base. If the inflation rate were to be down, you would have something left after making your purchases that you needPersonally, savings becomes difficult when looking at the possibility of increased inflation rate in the nearest future. Increased Inflation tend to decrease the purchasing power of the saved funds.
What makes saving more difficult for me is because of the fact that whenever I made up my mind to say there will be one bill or the other that will raise up it's ugly head and I will have no other choice than to settle this bill.With many people getting financial education, we are all trying to make sure we don't spend all the money that comes our way, but try to save some percentage for the rainy days.
However, there are certain things that tend to o make this goal difficult.
Personally, a factor that makes savings difficult for me is the lack of the ability to differentiate between what I need and what I want. I spend money on things I could do without.
How about you?
That is an indication of the need to add am earninng stream to make things work out easily. I believe you are already working on getting one.What makes saving more difficult for me is because of the fact that whenever I made up my mind to say there will be one bill or the other that will raise up it's ugly head and I will have no other choice than to settle this bill.
I believe that for the fact that you have a business idea you will want to carry out , it should motivate you towards looking for how to make money that you will use to start it.To be honest I am someone who have a lot of projects that I would like to carry out in the future and I should save more. But I do not even have the income to save.
To me personally I really think that it's happens as a result of unnecessary expenses and poor planning last of budget too and most importantly emergency it can really be to unfortunate that you use your savings without even knowing.With many people getting financial education, we are all trying to make sure we don't spend all the money that comes our way, but try to save some percentage for the rainy days.
However, there are certain things that tend to o make this goal difficult.
Personally, a factor that makes savings difficult for me is the lack of the ability to differentiate between what I need and what I want. I spend money on things I could do without.
How about you?
Unnecessary expenses and poor planning are very important reasons and so many people fall into these category and they lose so much despite working hard.To me personally I really think that it's happens as a result of unnecessary expenses and poor planning last of budget too and most importantly emergency it can really be to unfortunate that you use your savings without even knowing.
Some people have cogent reasons why they do not save, and is partly due to insufficient income that superceeds the demand on ground. In such a situation, you are unable to save.there are different factors that make us not to save money as a businessman or an entrepreneur you have to be ready to everything that comes your way. Paying house rent maintaining yourself feeding those are the the difficulty challenge that people face that don't make them save money
Log in or register to unlock full forum benefits!
As a webmaster community we provide fresh content on a daily basis. We aim to be the best admin and webmaster community around. Discuss various aspects, promote your project, and learn to be better by fellow webmasters. Browse through our Articles for helpful tips and tricks.
By registering with us, you'll be able to discuss, share and private message with other members of our community.