This Is Why You Can't Save Money


You're not bad with money and there are ton of reasons why you are having trouble saving money. For many of us getting a paycheck without a plan only leads to overspending in certain areas and a never ending cycle of bills.


I remember the first time I wrote down all of my expenses I felt empowered.


Until I realized that the way I balanced my checkbook was wrong. Let me be specific, the method I used after organizing my finances, was wrong. It dismantled all the numbers and plans I wrote down on paper.


Yes, I had a “spend only 50 dollar" goal but it was pointless. I would still go to the store and buy $30 worth of goods while anticipating going out more.  


There are multiple misconceptions on saving money and how you should do it, but for now I only want to point out one.


You do NOT have to start off with a huge sacrifice in order to see changes in your wallet.


Okay, swapping store bought coffee with homemade coffee can feel monumental.


But I’m referring to picking up several jobs and never sleeping in the name of money. Saving money doesn't mean you have to sacrifice your sanity. Keep reading to find out 7 reasons why your saving techniques are not working.


Related post: 15 Creative Ways To Save Money In College


You aren’t ready to save


Saving doesn’t have to be rocket science but you have to be willing to give something up. 


The freedom to buy everything you want, when you want it, is put on hold.


Mindful Technique


But when the little voice tempts you to dip into your piggy bank, remember that it’s temporary. The money you're stashing away will eventually be spent or invested.


The discomfort you feel and the negative thoughts swirling, can be tamed by seeing your debt go down, savings go up, and worries slowly but surely vanishing. Focus on the good.


Too much is coming out of your check


Pay yourself first- it sounds so simple. Deduct the money from your check and put your other expenses in whatever is left. 


Automating amounts to your savings means adjusting


The only problem is that if you are living dangerously close to your means, this won’t work.


You’ll find yourself constantly borrowing from the money you have put aside because you didn’t change any of your spending habits. You have to live below your means and let go of the idea that you can keep your spending habits the same.