Why can’t I save?

Everybody knows we need to spend, but why is it impossible for some us to save our money, while other do not ae a problem at all. This is called money behavior.

Money behavior refers to the attitudes, beliefs, and habits that people have regarding money and how they manage it. These behaviors are often shaped by a person's upbringing, culture, and past experiences with money. People's money behavior can vary widely, from those who are frugal and save every penny, to those who spend impulsively and struggle with debt. Understanding our own money behavior is essential because it can have a significant impact on our spending habits.

Our money behavior can have a direct impact on our spending habits. For example, if we have a tendency to impulse buy, we may find ourselves making unnecessary purchases without considering the consequences. Alternatively, if we tend to be overly cautious with money, we may be more hesitant to make necessary purchases or investments. Our money behavior can also impact our financial goals, such as saving for retirement or paying off debt. If we struggle with impulse buying or overspending, it can make it difficult to reach these goals. By understanding our money behavior and taking steps to address any negative patterns or habits, we can become more conscious of our spending and make more informed decisions about our finances.