Saving money can often feel like an uphill battle, leaving many people wondering, “Why can’t I save money?” Despite our best intentions, various obstacles can hinder our ability to build a healthy savings account. Barriers to saving money include impulse buying, high debt levels, lifestyle inflation and peer pressure.
Despite the important reasons to save money, there are numerous factors that can derail our financial goals. By understanding these pitfalls and implementing effective strategies, you can take control of your finances and start building a more secure future.
This post originally appeared at Barbara Friedberg Personal Finance.