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Why Is It Hard For Most Young People To Save Money?? - Investment (3) - Nairaland

Nairaland ForumNairaland GeneralInvestmentWhy Is It Hard For Most Young People To Save Money?? (15452 Views)

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Re: Why Is It Hard For Most Young People To Save Money?? by Fresia01(f): 1:57pm On Dec 11, 2014
b1327:
checkin ur dp make me knw say u fit spend 1k for 2weeks
is it written on ma forehead mrhuh?
Re: Why Is It Hard For Most Young People To Save Money?? by edogho(m): 1:57pm On Dec 11, 2014
rigarmortis:
ONLY JESUS CAN SAVE BRO, ITS HARD
joke of the decade grin grin grin shocked
Re: Why Is It Hard For Most Young People To Save Money?? by ibromgs: 1:59pm On Dec 11, 2014
Lack of discipline!!!
Re: Why Is It Hard For Most Young People To Save Money?? by Nobody: 2:04pm On Dec 11, 2014
tygaweezy:
So this has to do with the character of most young people today,saving money is really one hell of a task for them because they believe somewhere in their heads that their savings should have a limit and most of this young people don't even realise they do such things.
For example, you see a hard working young boy and obviously he's making alittle change from the work he's doing but you'll be suprise to realise that he only invests the money in irrelevant things like mobile phones,tablets,cloths and so on, but saving the money to migrate to a better business is kind of not on his dictionary.
Now am wondering if this kinda attitude is normal or man made , just curious... Drop your opinions
d money u are savin wo are u savin it for mate u better use wat u can use by wat u can buy eat wat u can eat cos time is not by your side it can come now 2morrow anytin. But don't quote me wrongly it is good to plan down for the future.
Re: Why Is It Hard For Most Young People To Save Money?? by Nobody: 2:05pm On Dec 11, 2014
Fresia01:
is it written on ma forehead mrhuh?
I can c it clearly investment like u
Re: Why Is It Hard For Most Young People To Save Money?? by chukkiephil(m): 2:06pm On Dec 11, 2014
na GIRLS!!!!!!!!!!!! grin
Re: Why Is It Hard For Most Young People To Save Money?? by madjune(m): 2:10pm On Dec 11, 2014
This is a baseless question if you ask me.
It's because most are not gainfully employed.

When one is underpaid, you save at your own risk because hunger fit kill you and people will eat what you saved.

In summary, the average Nigerian man works just to place food on his table so he could live another day.
Re: Why Is It Hard For Most Young People To Save Money?? by Nobody: 2:11pm On Dec 11, 2014
I read on tweeter, a few moments ago

a youth posting...

"Hope is a powerful emotion,
all of a sudden while witnessing On-going the APC convention,
he feels a new powerful glimpse of hope for Nigeria,
hope that will bring back the lost destinies destroyed by PDP
this hope is the Change we are looking for...

In the voice of Obama: "A change we will, A change we want"

B-bring
U-us
H-hope
A-and
R-restore
I-integrity

BUHARI ALL THE WAY

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Re: Why Is It Hard For Most Young People To Save Money?? by 100Cents: 2:15pm On Dec 11, 2014
I can save very well.

And I have stopped lending to stu.pid people...
Re: Why Is It Hard For Most Young People To Save Money?? by charismaticdave(m): 2:16pm On Dec 11, 2014
We love to have things right now, nobody wants to wait for tomorrow, get this, get that, get everything now. It's a disease and it's eating all of us right now.

To cure this disease is simple, get the saving habit and for more information on how to change from a spender to a saver, you can order for my new Ebook, financial prosperity: 14 secrets to achieving it. Inbox me for more info
Re: Why Is It Hard For Most Young People To Save Money?? by 100Cents: 2:20pm On Dec 11, 2014
QMark:
Because there are still beer and girls out there
Girls ? Yinmu !

Beer ? Once in 2 weeks.

What else ? Recharge card has been cut down from N500 to N200 per day..

Infact nah Fuel for car and generator dey chop my money. If I can locate a substitute.
Re: Why Is It Hard For Most Young People To Save Money?? by idu1(m): 2:26pm On Dec 11, 2014
Fresia01:
too many things to buy.. buh i am a master in saving.. i dnt joke with my money.. i fit use 1000k for two weeks..lol
u own no be saving. Na ijebu dey worry u.....
Re: Why Is It Hard For Most Young People To Save Money?? by Nten: 2:28pm On Dec 11, 2014
Fresia01:
too many things to buy.. buh i am a master in saving.. i dnt joke with my money.. i fit use 1000k for two weeks..lol
ehn! 1000k for 2wks... You they feed yourself or person they feed you?
Re: Why Is It Hard For Most Young People To Save Money?? by mascottboy(m): 2:37pm On Dec 11, 2014
Too many reasons like recharge card, recharge bills, bank charges, ATM charges, transport, refill gas cylinder, mega byte too, shaving. etc.
Re: Why Is It Hard For Most Young People To Save Money?? by mya1: 2:38pm On Dec 11, 2014
Karleb:
No, it's all about self-discipline.

Over here, we call it youthful exuberance.

The only way young people can really save is when they have someone taking care of the feeding, rent and when the money is enough.
With this mentality, you'd never save no matter how much you earn.

You can learn from this.

aspirebig:
Self discipline is all you need to save.
Nothing is too small,small drops of water make a mighty ocean.
Some believe that they don't have enough to spend yet,why saving. But if you have such thinking,even if you are making a millionaire daily,you won't save.
Re: Why Is It Hard For Most Young People To Save Money?? by queebeediva(f): 2:50pm On Dec 11, 2014
Saving is a very big task today because a lot of young folks want to meet up societal demand but even @ dat the economic is not encouraging savings a lot of rigidity in the society only the rich want to be recognized and respected.
Re: Why Is It Hard For Most Young People To Save Money?? by Mztonya: 2:51pm On Dec 11, 2014
the cash is never enough
Re: Why Is It Hard For Most Young People To Save Money?? by MKO4ever(m): 2:54pm On Dec 11, 2014
I have a colleague that earns close to N600k/month and still does not have any savings apart from the N50k esusu in d office. In some months my guy still borrow money from fellow colleagues to survive the months
Re: Why Is It Hard For Most Young People To Save Money?? by Frankdamaxx(m): 2:55pm On Dec 11, 2014
Fresia01:
too many things to buy.. buh i am a master in saving.. i dnt joke with my money.. i fit use 1000k for two weeks..lol
Please I need you to teach me how you do this. I'll call you, just send me a text. 0807397 4731
Re: Why Is It Hard For Most Young People To Save Money?? by 12month: 2:58pm On Dec 11, 2014
Fresia01:
too many things to buy.. buh i am a master in saving.. i dnt joke with my money.. i fit use 1000k for two weeks..lol
It's obvious u ar still being feed or sponsored, y wud someone want to use 1k in 2weeks
Re: Why Is It Hard For Most Young People To Save Money?? by DAVE5(m): 3:02pm On Dec 11, 2014
pls u guys shld kip on writing cool comments, I'll read them wen I have mb
Re: Why Is It Hard For Most Young People To Save Money?? by Teespice(f): 3:04pm On Dec 11, 2014
Frankdamaxx:
Please I need you to teach me how you do this. I'll call you, just send me a text. 0807397 4731
hmmm.

never knew you were a spendthrift.
Re: Why Is It Hard For Most Young People To Save Money?? by Nobody: 3:04pm On Dec 11, 2014
How will they save when all they want is MB to post rubbish on NL grin
Re: Why Is It Hard For Most Young People To Save Money?? by eightsin(m): 3:05pm On Dec 11, 2014
This is one aspect of life I've found difficult this year... I plan to over come it by next year. so help me God!
Re: Why Is It Hard For Most Young People To Save Money?? by captainbaroni(m): 3:33pm On Dec 11, 2014
frisby:
It's simple,
It is man-made.
Businesses these days are doing everything possible to sell their services n goods.
Social n mass media are doing everything to pass the msg of "spend-to-show-your-status" to everyone.
Young ppl are the most affected because older ones like us have known from own experiences that there's sooo much more to life than luxury and pleasure.

The younger minds are easily influenced.
I AGREE WITH YOU.
Re: Why Is It Hard For Most Young People To Save Money?? by sunnydayasaba(m): 4:05pm On Dec 11, 2014
Fresia01:
too many things to buy.. buh i am a master in saving.. i dnt joke with my money.. i fit use 1000k for two weeks..lol
U wan kill urself...lol.....Ur own don pass saving now, na stingy e don turn to...Ur stingy to urself.....lol
Re: Why Is It Hard For Most Young People To Save Money?? by kilokeys(m): 4:20pm On Dec 11, 2014
only Jesus can Save
Re: Why Is It Hard For Most Young People To Save Money?? by Nobody: 4:21pm On Dec 11, 2014
To improve ur savings habit, I recommend this book 'The richest man in babylon'. Its a very good book.
Re: Why Is It Hard For Most Young People To Save Money?? by Nobody:
They can't save when they want to buy things they don't need just because they must please society.
Re: Why Is It Hard For Most Young People To Save Money?? by interleukin(f): 4:30pm On Dec 11, 2014
freezyprinzy:
If dis thrend z 4 dose earning lyk a 100k upward i would agree wit u but in dis country u find job taya den u manage c d 1 way dy pay u lyk 20k per month ok minus feed'n money transport,cloth,ur family dy dier o...if u get g.f worst....tel me where savings comes in...xcept b d help of God
I agree with you 100% on this. On a salary of 50k per month, one can save at least up to 25k but that is only if you don't have any responsibility outside just you, yourself and you. Add other things like family, bills, tithe grin, angrytax feeding etc to just that 50k, and there's almost nothing left to save.

That said, I think the habit of saving can be cultivated by saving no matter how little from however little one earns.

My two cents opinion.
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