I don’t make enough money: This is one of the most common excuses by people who don’t save. Many low income and middle income earners feel that their salaries are too little for them to save. The truth is that these are the same individuals who need to save more than anyone.

Savings doesn’t mean hundreds of thousands or millions in the banks but simply money kept away for when you really need it. 100 dollars doesn’t seem like much but when you own a car and get involved in an accident. The 100 dollars you saved every month for 10 months suddenly becomes valuable.

I have a Job: It may seem ridiculous but many people actually believe that having a job and being able to afford all they need is a genuine reason not to save. This is what comes from the assurance of getting a paycheck every month.

It is important to remember that big companies have fallen, employees have been retrenched or sometimes the new boss just doesn’t like your face. There is no real job security and every cent you save will come in handy in case you suddenly lose your job.

I’m in Debt: This is actually a genuine reason in some situations. The first thing to do when you get money is try and pay off as much of your debt as you can, assuming you are not accruing more. Depending on the nature of debt, there is still a chance that you can save while paying off your debt.

Some debts such as mortgage are stretched out over a long period of time. This means that you only have to pay a certain amount every month. This means that you could save what you don’t have to pay at the moment.

I’ll start next month: When you believe that the opportunity to do something will be better tomorrow than it is today you become a procrastinator. Many people did at some point want to start saving but decided to put it off while they settled other issues in the present moment.

In the end every month was the same and the time never became ideal for them to start saving. The truth about saving is that it’s not done because things are ideal but because they are never ideal and now may be the only opportunity to prepare for when things really get turbulent.

The truth is there are many reasons why you can’t start saving your money today but there are many more reasons why you should. Even people who have assurances such as a retirement benefits plans should try and save as much as they can.

This is because sometimes things can go wrong with such plans and sometimes things happen that change the plans such as medical bills that may not be covered due to a technicality in the insurance. Savings are our own personal insurance for when other plans fail and in case they don’t you’ll always be left with some amount of money that you can use to invest.