Top Money Excuses That Are Stopping You From Saving Money

We all of guilty of looking for a excuse and reason for why something isn't going our way. Making your money last and saving should be your top priority no matter where you are in life.

Yet this is not a fact that many Americans can claim as their own because a high percentage don't know how much money they spent last month let alone how much they could have saved.

Recognizing theses excuses isn't to make you feel bad over your spending habits rather it is to show you some of the mindsets that are prohibiting you from leveling up financially.

Tips for saving money

An excuse often feels like a legit reason.

It relieves us of the responsibility of starting today instead of tomorrow because our income is low, our bills are demanding, and we just don't feel ready.

Related Post: This is why you can't save money

Sometimes the words we speak and manifest become so routine and familiar that we don't identify them as a problem.

It's just another bill

This statement makes me cringe because after awhile it stops being true.

Your bills can multiply to where you are in a never ending pile of debt and you can't afford anything you want from the store, without risking being broke, until the next check.

Credit cards are not a supplement for an emergency fund and a lot of families are in a position financially where they have no choice but to see it as a back up income for a rainy day.

Curious. Is it really just another bill photo with credit cards swarming around head.
Is it really just another bill?

When you begin to live above your means and squeeze every last penny out of your check you begin to sacrifice things that the version of yourself in a few years would really care about

Related post: Paying yourself first is the key to financial stability

Treating your credit card like its free money can ruin your credit temporarily and make it hard for you to get approved for cars, apartments, and other financial opportunities.

Of course not every place cares about what your credit score is. Dave Ramsey is known for promoting the concept of finding a new place or service that approves you based on your annual income.

Paying bills is part of being an adult

Yes, paying rent or a mortgage when you own a home is part of adulting.

These bills tend to mean you live on your own. You have claimed independence from your parents and now bills are part of the package.

But having an insane amount of expenses or utilities that are not absolutely necessary to live is not part of adulthood.

Why are you paying $400 a month provide cable service for 3 TV's when you live alone? There are alternative ways to live and still feel that you are comfortable.

Consider having a a fire stick or paying for a streaming service such as Netflix or Amazon Prime Video.

Bills are a part of life because everything, especially in America the land of marketing, will cost you something.

Whether it is time, effort, energy, or physical cash, you will pay to have the life that you want.

But you do not have to be swallowed by stress and worry you can instead work to live around your income and bargain hunt for sales, negotiate with your loan lenders, and see if you can work with your boss for a different salary.

Everyone has debt - debt is good

Some debt is strictly avoidable.

When I first introduced you guys to my college saving habits in 15 creative ways to save money while broke, I mentioned my desire to attend NYU, an expensive private college in NYC.

Everyone around me encouraged me to attend, supported my dreams, and forgot to mention how much it would cost.

Although I ended up at my current college because of my SAT score was below the criteria, attending a public city university is allowing me to graduate without owing massive loans.

Using your credit card as an extra form of cash can add up fast. Once you start spending more than you bring in and can afford to pay off it's easy to get sucked into a pile of debt. And while paying off debt is possible for everyone who's willing to make a few changes, it is also avoidable.

Check out this post to read our basic guide for understanding credit cards!

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