So, you open up your bank account, and you find you’re on the verge of having nothing at all.  Why aren’t you saving money?  Are you making up excuses, or are you just a spend-a-holic?  No matter what kind of habits you have, you should always save money, and experts say it should be at least 10% of your take home per month.

You don’t make enough

If you’re sitting back, and you’re saying that you don’t make enough, that’s crap!  If you’re living on your own, and you’re paying your bills, there’s no reason you can’t treat your savings like a bill.  Even if you save $50 a month, it’s all going to add up in the long haul.  Always make an attempt to save a few dollars each month.

Keep forgetting about it

Like cleaning the house, or getting the mail, some people just keep putting it off, until a few weeks later, everything piles up.  The same goes with money savings, but instead of months, this can be years.  You’ll look down the road 20 years from now, and if you don’t have a savings, how are you going to retire?  You don’t want to be working at a Wendy’s when you’re 82 years old.  Yes, you have to live for the now, but also prepare for the future.

You have to live in the moment

Yes, I know you have to live you life for now, but when you’re getting old, and you don’t want to work anymore, how are you supposed to keep working?  I know you’ll look back, and you’ll wonder, “Why didn’t I save back then?”  You’re going to kick yourself for not doing so.  Make sure you think toward the future, because you’ll thank yourself later.

Being uneducated with your finances

So many people don’t know how to make money on their money, and they have no idea how powerful interest can be.  5% on your money can add up really fast over the years!  Use simple calculator like this one at MoneyChimp, and play around with it.  You’ll see how fast the money can grow.

Having stupid investments

Sure, some investments can be great like a home, but if you have things that you think that are worth money in the future, you may be wrong.  Don’t think that when you can retire, you can just sell off your baseball cards for thousands of dollars.  Instead of dreaming, you have to look at the facts, and never based retirement off goods besides your house.