Spending money is part of daily activities of human, from buying foodstuffs, paying for utility bills, transport, medical bills and many other things that needed to be catered for. It becomes increasingly difficult for some people to save part of their earnings because of the factors listed above. Saving money has been a major part of financial success because it helps to build emergency fund in case of future occurrence and it is becoming a difficult task to carry out especially for salary earners in the society.
This article will do more in highlighting the four (4) major obstacle to saving money. In doing so, solutions will be proffer to achieve our financial success and breakthrough. The following are the major obstacles.
1. SAVINGS WITHOUT PLAN – saving money without having a definite plan such as housing, car, laptop, and others is the biggest obstacle to achieve financial success. it is like going to market without having a scope what to buy in mind, you will only find yourself moving around without having a definite place to go. Without savings plan, there will be absent of motivation to continue and in no time you will find yourself not saving again.
2. NOT BUDGETING- this has to do with having a clear analysis of future expenses. For you to achieve your savings target you need to budget your expenses so as not to overspend or spend recklessly on things that are not necessary. There is some budget app that can be downloaded on your phone and computer to help in this aspect.
3. DEBT- too much debt has been reported to have a major impact to savings, it has crippled so many to achieve the financial success they desire by having to service a loan or credit card after every earnings. To be free from debt you need to Pay up all debt and avoid buying on credit.
4. DISCIPLINE- savings can be likened to a weight loss diet where you have to stick to it until you achieve your aim. It takes determination and focus to achieve the discipline of saving money. Automating your savings can help in this aspect.
In conclusion, these obstacles can be improved upon by having a plan, budget, debt free life and discipline. If you are still having difficulty to savings subscribe to our newsletter.

source: https://lekmoney..com/2019/02/4-biggest-obstacles-to-saving-money.html