Why I can’t save up money

Money is like water – it flows through the fingers of the unknown where. It’s like an invisible hole in your wallet.

It’s almost poetry. Pretty familiar, isn’t it? It’s like you’re working, and the finances aren’t looking for a plus. It’s just hopeless…

But it’s much simpler. After all, “hole” is a habit that does not allow you to accumulate the right amount for peace of mind.

We don’t pretend to have a comprehensive psychological study of why it happens. But we want to share useful and simple tips that will help to form new habits to ensure that the readers of our site confidently control the money in their purse and the balance of the bank card. So…

Contents

What’s stopping you from saving up

Let us first look at the three main “stones” on the road to financial well-being:

  1. You don’t know your real monthly expenses. The motivation for success and money.
  2. Your expenses exceed your income.
  3. You haven’t left much to be desired.

You don’t know your real monthly expenses

Expenses must be recorded in the first months when you build your budget. Thoughtful and balanced.

It is small expenses (a bun, coffee in passing, etc.) eat up quite a lot of your income and make you wonder: “Where does the money go?”.

To track it, you have to write it down. For any form convenient for you:

  •     A notebook.
  •     The program is on your phone.
  •     A small notebook with a pre-prepared table “Expenditure/Income”.

Unusual at first, but extremely necessary. The account of expenses should be obligatory! Especially for the first 3-6 months, until there is a habit of saving and not buying extra.

When you work with the calculator at the end of the month or the end of each week, you will be surprised to find the amount of “little things”, which could well be postponed for a serious purchase.

Think about it and eliminate the costs that you can do without it.

Your expenses exceed your income

This is a continuation of the previous reason – not knowing the real costs. You do not know how much and where it goes, but the income you have under control and expressed very real figures on the map and in your wallet. So why are the expenditure figures vague? Why do they usually end before the salary comes to the card?

It’s very simple: you need to know your expenses and plan before the money arrives. And even if you’re not an employee and your income is unstable, counting the most necessary expenses will allow you not to corner yourself. When the money is gone and not expected for a long time.

Knowing the exact figure “for life in a month” allows you to spend competently and calmly before receiving a salary or fee. What saves time, nerves, and money that you would spend above the planned monthly minimum if you do not know your balance “income-expenditure”.

You haven’t left yourself the pleasure

One of the reasons why savings don’t work for a long time for beginners is budget breakdowns. You started saving so much in everything and everywhere that one day you thought, “Wouldn’t it all go…”

The human psyche is like a spring. The tighter they twist it, the tighter it straightens up. So for a newbie in budget planning and saving money, everything is unusual and painful.

To build a good budget planning and the money stayed in your wallet, but you were happy with life…

You have to encourage yourself. Any action you like or a delicious treat. Just don’t overdo it. Reward yourself for your success in calculating your expenses, for your perseverance in managing your budget, and for any competent step towards future financial peace.

In this way, the subconscious will come to terms with unusual actions and gradually get used to new habits. And this is what you need first, in the transition from monetary chaos to a slender system of financial order and tranquility.

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