Why are people not saving money?
831447
Simple: Most people can't afford to anymore. Also, it doesn't help that most people are stupid and waste all their money on stupid stuff and then spend the rest of their lives trying to get out of debt.
296608
I think it's probably because they enjoy buying more than actually utilizing what they buy. Even this is silly, because then they're wasting money, time, and effort. If they turned their attention to something useful, perhaps these shoppers would have better things to DO!!!
673445
Your story breaks my heart, and the sad thing is, so many people across the country have a similar story. People today have not been properly taught to manage money. It's also pretty difficult since cost of living increases have risen exponentially and pay at most jobs has increased minimally if at all.\n\nCredit cards are a very dangerous thing. My best advice is to cut spending to a minimal. Cut out the things you don't need. Make out a monthly budget for you and your family and stick to it as best you can. Allow for emergency and a little for entertainment, but be careful about spending more than you need to.\n\nIt's OK to rely on family and friends for help. Ask people to babysit for you when you need them to. Have them help you look for a new, better job.\n\nIt's going to be an uphill battle, but you can do it. You have to for yourself and for your kids. Good luck. :-)
358012
Because it is easier to make a fixed income stretch.Some are leaving because our society has changed so much.It is not the same as when we grew up ,people are just sick and tired of the BS.Also other countries see it as an economic boom and are building beautiful American communities.
1039891
Here's a few pointers on "rich people".\n\nA few of them were given the money and have never worked a day in their life. They were born rich and have lived a life of luxury. The minute that they take their eyes OFF of holding onto all that money.....it will begin to slip away. It is VERY expensive to live a life of luxury....when you don't work. You depend on investments for your income and the road to the poor-house is LITTERED with people who let someone ELSE take care of their money. So they can't trust many people. They probably spend money like CRAZY......but also give a lot of money away to charities of MANY types...because giving money away is VERY COOL with really rich people. They constantly BRAG about their favorite charities and all of the good things that they do. Taxes are VERY, VERY expensive to rich people who do not work. Imagine making 10% on your money in an investment ....and then having 50% eaten up in income, sales, usage, property, etc taxes!!!! You would be concerned, TOO. \nWhatever you WOULD have had in the bank as income is cut by more than HALF.\n\nThe other type of rich person WORKS for his/her money. They are either SMARTER than most of us or work WAYYYYY harder than most of us. So, when they get a tax "bill" for 50% of their money they have to work HARDER and that makes them upset!!!! It makes YOU upset, too.....when lots of your money goes to the government, doesn't it???\n\nOn top of all of that.....the government has NEVER been the most frugal "charity" out there. If you want to help people it is usually better to support local charities that know how to distribute the help, right??? Rich people who pay LOTS of taxes have a bigger say and a bigger complaint about how POORLY their tax dollars are spent. If you pay $10,000 in taxes you should be very upset. If you paid $100,000-$1,000,000 in taxes every year wouldn't you be MORE upset???!!! Even if you had lots more money left you'd be concerned that your money was being "wasted"......that would be NORMAL... EXPECTED.\n\nMost rich people find it a FULL-TIME JOB to hold onto the money they work SO HARD FOR. \n\nIt's not our/your money.\n\n\nAnd why would YOU complain about something that the rich do, anyway. If you save up your money and get a good education you can join their club and report on their problems from the "inside".
633647
That is an excellent question. The answer however is not simple. \n\nIn order to live at or below your means you have to have financial discipline. Most people don't have the financial discipline to avoid overspending. This requires a detailed financial plan and the discipline to implement it. \n\nMost people suffer from impulse buying, pride, and the need for recognition from others. Buying a fancy car for example, which is above their means, will get them praise from friends, family, and acquaintances. It will be their quick fix for recognition, but it will have a negative effect on their future financial well being. Do you really need that $300 sweater? Can you settle for a $80 sweater? A $30 sweater? A $10 sweater? Do you really need to go out and eat at a restaurant and pay $200, while at the same time you can get the same meal for $12 by eating at home? \n\n\nOther reasons such as easy access to credit cards and loans coupled with the previous reasons are also major factors.\nWe also live in a culture of consumerism. We are flooded daily with ads that urge us to spend, this usually results in overspending.\n\nThe solution? Make a budget, implement it, and reap the benefits of having financial discipline. Avoid impusle buying and buying to satisfy the need for recognition, if it is outside your budget. Alternatively, overtime you can set aside savings for your luxury purchases.
227189
The Key is NECESSITY. If you have trouble with spending money, then try to stick with only buying items that YOU NEED and  you know what you really need or not and what you can do without.  Also try to limit the amount you spend each week and try to maintain a certain amount for each week and that will limit your use.\n\nOh and most importantly, PUT MONEY ASIDE FOR  YOUR BILLS FIRST BEFORE ANYTHING ELSE, then things might go a little smoother for you. But dont forget the key, Think: NECESSITY AND BILLS.
89253
besides putting our wallets further into the red, I am not sure. It doesnt sound like its going to be something the "average joe" is going to be able to do... its going to be for the wealthy to find a way to take it off as a tax write off.
351572
For some people. Trying to outspend each other.
319007
A solution... government bite the bullet and pay it back...\n\nPrivatized systems work great for the 15 percent of the population that has the money to do that, but for the majority just barely making it by, they won't be able to save enough to actually retire, ever... \n\nSo, when all these people get retirement age, guess what, they're going to look at their private account, realize isn't not enough to do anything with, especially with inflation, and vote in someone who will take care of them...at a far greater cost to the gov. down the road...\n\nI would be willing to be that about 95 percent of people who push for "private accounts" already own stock... if the government switched over, the huge demand for stocks that would be created would push the stock market sky-high, making all those people very rich... that's really convenient isn't it...
1158225
As interest rates go up, people start saving money and putting it into the bank.  This makes money worth more since people are not spending it as much (kinda like supply and demand).
391104
Budgets have never worked for me, but I find if I put money in a hard-to-reach savings account the first day I get paid, I automatically spend less that way.\n\n...and then you can spend the rest as you like, it just has to get you to the end of the month.  DVD players aren't that expensive nowadays...I don't know much about facials, but as I said, once you have put money aside, the remaining funds just have to get you to your next paycheck...if you make a mistake, the savings account is still there in that hard-to-get-at-but-reachable location.
1116586
If higher interest rates contribute to inflation then the Federal Reserve so have it wrong!!\n\nMost inflation is believed to come from an over active economy with too much money chasing too few goods. By  raising the cost of borrowing money, it reduces the amount of money people have to spend on more stuff. That slows down the economy. \n\nMost businesses don't rely on borrowed money to stay in business. They typically used borrowed money to expand their business or acquire other businesses.
684161
Spend less and save more.
1085440
If you didn't make good money then it is hard to save, but you guys are just being lazy.\n\nPut as much as possible into a 401k-ask your employer.  \n\nEvery single pay day, put a set amount into a saving account, when you get enough saved move it to an investment or a CD or something with a higher interest rate.\n\nDon't spend money on dumb stuff. No one should try and keep up with the jones.\n\nPay off every bill in full every month.  If you can't Don't buy it.\n\nI just don't get how it can be so hard for people.  I only work part time, my husband brings home just over $3000.00 a month. (take home after 401k, health insurance and taxes) My $200.00 a week is for Gas, groceries and eating out Fri and Sat. nites.  We still make ends meet, make our house payment and put money is savings every month and every bill is paid up monthly.  We don't even talk about it, I just do it.  \n\nWe don't want to be poor when we retire, and we still live a good life on what we have.\n\nEvery pay check, walk in the bank and start saving, it's not to tough. \n If you have little to live on, Giv up that 1 pop or coffee or cigs or even that beer so you acan put $5.00 in your savings each week.
496811
When you dont have any bills to pay, or the governmen is paying for your housing and food, you do not have many worries. Fortunate people are worried about their money.
322873
why does anyone require a budget.....