We have all been guilty of using an excuse or two to justify our spending habits. But as much as we try to convince ourselves that these excuses are valid, deep down we know they're just a cover-up for our lack of self-control. Here are a few to watch out for.
1. "I don't have enough money to save."
We've all heard this one before. And it's total BS. You don't need a lot of money to start saving – even $5 a week can add up over time. If you're serious about saving, you'll find a way to make it work.
2. "I'm not good with money."
This is another excuse we use to justify our bad spending habits. But the truth is, anyone can learn to be good with money – it just takes a little bit of effort.
3. "I don't have time to budget."
Budgeting doesn't have to be time-consuming or complicated. There are plenty of simple ways to track your spending and make sure you're staying on track. And once you get into the habit, it'll become second nature.
4. "I deserve a treat."
We all like to treat ourselves from time to time. But if you're using this excuse every time you make a purchase, chances are you're overspending. Try setting a monthly limit for discretionary spending, and stick to it.
5. "I'll save later."
Saving money isn’t easy
It requires discipline and, unfortunately, we all have a tendency to make excuses for ourselves that prevent us from reaching our savings goals.
But with the right mindset and tools under your belt, saving can be made attainable, no matter your financial situation.
Download Wisr Today to learn how to stop making excuses with psychology-based money coaching.
Disclaimer: This article contains general information only, and is not general advice or personal advice. Wisr Services does not recommend any product or service discussed in this article. You must get your own financial, taxation, or legal advice, and understand any risks before considering whether a product or service discussed in this article may be appropriate for you. We have taken reasonable efforts to ensure that the information is accurate at the time of publishing, but the information is subject to change. We may not update the article to reflect any change.