What Are the Common Barriers That Prevent People from Saving Regularly?

[Suba]

Although young people are highly productive, they have a high rate of difficulty saving. They naturally have many different reasons. To solve the problem of difficulty saving regularly, we must understand the root cause, or the underlying issue that is causing someone's difficulty saving regularly. Once someone understands the barriers that prevent them from saving, it will be easier for them to overcome their problems or obstacles.

 

[Springtime]

Some people cannot save because they do not have regular and stable income, some just overspend and do not save, some just do not earn enough to have spare money to save.

 

[Starmix]

Not all are lucky, so not all can save. Those whose salaries are just enough and sometimes not enough for the daily needs never have in mind to save. They can only save once they try to ride on with the time investing in something that augments to their daily needs.

 

[Augusta]

Lack of measurable savings goal. Paying more on student loans than necessary.