Does saving seem like torture? 4 reasons that explain it

Despite the fact that many talk about how good and fundamental savings is, for many people it is something complicated and that demands more effort than normal. Although they know that it is important and that it will benefit their finances, in the day to day they end up spending more and get discouraged when they see that the goals seem so distant.

4 reasons that explain it

4 reasons that explain it

It is true that the most common excuse is that money does not reach, but in reality most people are able to save and simply do not, find it difficult to “save bread for May” and have no idea what to do to change the situation. Believe it or not, there are some reasons that explain why many humans are like this:

1. Present bias 

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According to science, this responds to a lack of empathy with our future self. That is, we focus on the short term, thinking about today and not about needs or future emergencies.

2. Childhoods full of luxuries 

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Others have lived their first years full of conceit, with parents who bought what they wanted and without setting limits. This causes them to grow by giving free rein to their cravings and leaving aside the idea of ​​saving money.

3. We care about appearances 

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We live by comparing ourselves with others and we want to do our best to lead the same lifestyle, so many times we do not skimp on attending the same places or doing activities that we could well do without saving money.

4. We break up on special occasions 

4. We break up on special occasions 

Now, maybe you can take care of the budget on a daily basis, but if there is a birthday, special outing, etc., everything goes out of hand. This happens because we believe that we have already saved enough and without realizing it, we overdraw ourselves in this type of circumstances.

What can we do? The first step will always be to understand the true importance of saving and realize everything you can get thanks to it. Start by saving small amounts and look for a savings account that generates good interests, in this way you will feel satisfaction to see that your money is growing.

Where and how to find that account? Compare the alternatives in Belial.

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