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Well, yes it is. No matter what age you are, saving is always hard. When you first start, getting some money is when it’s hardest in terms of self-control, especially if you’re a bit of a wildcard. When you have children is when it starts to get even more complicated. They’ll be unexpected bills left and right.
So if you’re starting out with your money, or at the middle of life and feeling the struggle a little, then this article should help you out more than you realize. Take a look below to find out how you can save money through the two hardest stages in life.
Saving money is going to be the last thing on your mind as a teenager, especially if you like to go out with friends all the time. But saving money should be at the forefront of your mind. If your parents aren’t willing to pay for your driving lessons or car, you’re going to need more money than you realize.
Learning to drive is so expensive, especially if you don’t pick it up quickly. So as soon as you start earning a bit of cash, you need to start saving. Even if it’s just $10 a week, it’ll all add up by the time you come to buy a car.
You’ll then still have a little bit of money left over at the end of the week to do what you’d like to do with your friends. Once you’re through the college years (some of your toughest years) you’ll have learnt a bit in the way of savings. Now onto the real world, and the real problems.
This is where things get really quick. You’ll have bills you’ll never have had to pay before, and you’ll most likely get into a bit of trouble along the way. If you feel yourself getting into a bit of trouble, look into loans on payday.
Overdraft charges and credit card interest rates can be crippling. So if you ever come into the time of need of extra money. Check out payday loans as a quick solution rather than a long-term issue. The 20’s are where the majority of people get into issues with a credit card, so avoid getting one as much as you can. Then for ways of saving, look where you can cut back.
If you’ve just moved out, learn to cook exciting meals rather than eating out all the time. Be smart with your electricity and water bills, always try and turn everything off before you leave the house. To save easy, you definitely need to be smart about what you do with money. The main thing you can do is not give into peer pressure.
In your 20’s people will still be looking to party and spend lots of money, try and restrict yourself a little if you have bills.
If you’re sensible with money, saving won’t be that hard. But the reality of things is, people just aren’t that sensible with money. Try and be savvy as much as you can!