These excuses are keeping you away from savings
Believe it or not, most of us don’t want to save. It just doesn’t have the same sass of a Europe trip, luxurious dinner or expensive purchase. Our reluctance is the biggest biggest hurdle to our financial security.
its important to recognize what is holding you back from your savings goals. Once you identify the issue, take simple steps to correct it and make it a habit to save regularly. Over time, you will develop the discipline that prevents poor spending habits and beliefs from affecting your finances.
Here are some common excuses that keep us away from long-term prosperity and well-being:
Savings may seem daunting — there are applications you need to fill and documents you must submit. You can compile this information as a one-time exercise or make the smart choice and buy Paytm Gold — it takes all of 30 seconds to start saving.
The need to identify, evaluate and select instruments may become an obstacle to saving at a young age. There are simple vanilla products like bank deposits and equity products where you earn returns in line with the market. Most spend some more of their hard-earned money to seek the advice of a financial adviser, who may or may not be impartial.
But it is possible to keep it simple — just decide how much want to save today and start saving instantly with Paytm Gold!
If your financial goals are important to you, you must have better control over your expenses. Start with a budget and commit at least 25% of your monthly income to savings.
Most saving options — including bank deposits can only be made with fixed amounts like Rs. 5,000 . With Paytm Gold, no savings is too small. You can save as little as Re 1 at a time!
This excuse can cost you a lot. While some goals may be far off, postponing savings will have large scale implications on your future. Think about it, if you delay retirement savings by 10 years, your monthly contribution to reach the same goal will be three times higher.
Want to start saving today? Tap here to start saving in Paytm Gold!
