Why is saving money so hard
Jo Larsen
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Why is saving money so hard! Many of us would like to save more money, but it can be difficult to find the motivation and resources needed. Trying to figure out how to budget for something that won’t immediately improve your life can seem like an impossible task in today’s world – but there are ways to make saving easier!

Let’s explore why we have such a hard time setting aside our earnings, even when we know that many of our financial dreams come true through careful spending and planning.

We’ll discuss practical strategies you can use right away as well as methods you may not have considered before.

You don’t need dozens of different savings accounts or specialized websites – with the right tools and mindset, anyone can learn how to master their finances one step at a time!

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How To Save Money : Tips to Get You Started

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How To Save Money?

Saving money can be a challenge, and often it’s hard to know where to begin. Fortunately, there are some tried-and-true methods that will help you save money the right way – and make it easier too!

Here is how you can save money the right way:

Make a budget

A budget is an important tool to help you manage your finances, track spending and save money. Start by creating a list of all the expenses that you have each month and try to stick to it.

Shop smarter

Look for deals, discounts and coupons when shopping online or in stores. Consider buying in bulk, buying second-hand and comparing prices.

Pay off debts

Paying off your debt should be a top priority when it comes to saving money. Make sure you pay more than the minimum amount due every month and reduce your interest rate as much as possible to free up more of your money for savings.

Start investing

Investing your money can help you to save for the future. Research different investments and find one that is right for you. I use Wealthsimple to manage my investments and have had great success with them. They provide low-cost fees and is very easy to use.

Save Automatically

Set up automatic transfers from your checking account into a savings account or another type of investment plan. That way, you’ll be able to save without having to think about it. Even a piggy bank works!

Save Money Now

Save windfalls

Any money you receive from bonuses, tax refunds or gifts should be set aside and saved. This can help you build a financial cushion in case of emergency. 

Why is saving money so hard? – Cut back on expenses:

  • Take a look at your monthly expenses and see where you can cut costs.
  • Consider canceling subscriptions and memberships you no longer use or switching to a less expensive option. 
  • Canceling unused services is one of the easiest ways to save money without feeling any loss.
  • You might be able to find a better deal or bundle that works for your needs and gives you more value for your money.
  • It’s also worth asking yourself if there are services you can do without, like streaming services or extra cable channels.
  • You can start with small changes like bringing a lunch to work or taking public transportation, but also be sure to shop around for better deals on services you use regularly.
  • Look into different cell phone plans, internet providers, and how much you’re paying for home insurance.
  • Doing research and comparing rates can help you save money in the long run.

Taking an honest look at your expenses can help you save money and free up resources for other things. Don’t forget to track your spending and look for any potential areas where you might be able to cut back or find savings.

You don’t need to break the bank to enjoy life – small changes can add up quickly!

Look for ways to make extra money

The more money you make, the more you can save. Consider taking up freelance work or exploring other side hustles that can help bring in additional income. 

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Preparing your own meals

Eating out can be expensive, and it’s easy to spend more than you intended. Cooking your own meals at home is much cheaper and can help you save money. 

Have a “no-spend” day

Pick one day each week that is designated as a “no-spend” day. This means that you will only be spending money on the necessities and not on anything extra. 

Taking these steps can help you to save money and reach your financial goals more quickly. Remember, it takes time and dedication, but you can do it! 

Why Is Saving Money So Hard?

Saving money is something that everyone strives for, but few find it easy to do. There  are a multitude of reasons why saving money can be so difficult;  whether  it  is  simply  not  earning  enough  income,  having  too  many  collective financial obligations or succumbing to temptation and impulse buying, the problem can quickly become overwhelming.

What’s more, often we underestimate just how much our daily lives cost us. Small indulgences compound quickly, eating away at our savings before we realize where all of our hard-earned money has gone.

Fortunately, with some discipline and a thoughtful approach to spending, it is possible for anyone to get their finances back in line and start building up the nest egg they’ve been longing for.

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Why Is Saving Money An Excellent Choice?

Saving money can be an excellent choice for many reasons. It helps you prepare for the future, such as financing college tuition, a new home, or retirement.

Money that is saved can also be used to fund emergency expenses and maintain financial stability in times of change. Additionally, savings can serve as a safety net if you experience a job loss.

Here are more reasons why you should save money:


Having money saved up allows you to be prepared for unexpected expenses and emergencies. This can help you avoid taking on debt, which can lead to financial problems down the line.

Reduced Stress

Saving money gives you peace of mind that your finances are in order and that if any unexpected costs come up, you’ll be able to handle them.

Financial Freedom

With money saved, you have the potential to become financially independent and make decisions that are in your best interest without fear of being unable to pay bills or cover expenses.

Investing Opportunities

When you save enough money, you can use it to invest and make even more money. This can help you reach your long-term financial goals faster.


Saving now will give you a head start on saving for retirement and build up your nest egg to ensure that you have enough saved when the time comes to retire. 

Financial Goals: Having a savings fund gives you the ability to save for big purchases or life events such as a wedding, vacation, home purchase, etc. 

Tax Benefits

Depending on where you live, there might be tax benefits associated with saving money. For example, some places offer tax deductions for retirement savings or other investments.

It’s important to research the laws in your area to make sure that you’re taking advantage of any available tax benefits.

In short, saving money is an excellent choice that can have many long-term benefits and help you reach your financial goals faster. Start small and increase your savings over time so you can take advantage of these benefits.


Why is saving money so hard? It could be because of our priorities, the way we’re wired, or factors in our environment. Whatever the reason, it’s important to find what works for you when it comes to saving money.

If you need help getting started, there are plenty of resources and tools available. The most important thing is to get started and stick with it.

Saving money can be hard, but it’s worth it in the end. Have you had success with saving money? What tips do you have for others who are struggling? Let us know!

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