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Why It’s Hard To Save Money: Tips On How To Save Money

Why it’s hard to save money?


"There are a lot of reasons why we spend money, and why it is so easy doing it. In fact, it is much easier to spend than to save or even track one's spendings. Here are some significant common reasons why spending is easy and common mistakes you might be making. Let us identify the mistakes and help you solve them"

1- It's So Easy To Spend Money


One of the main drivers that make us spend money is our emotional state.  Whatever it is, anger, depression, happiness, or even revenge.  Strong emotions can easily take over our logic which leads to emotional spending. Emotional spending can come in any form, such as buying food, desserts, going on a trip, or buying things that you don’t need.

Let’s give an example: going shopping because it makes us feel good about ourselves. Buying that shirt or pair of jeans just made you feel so much better about yourself, didn’t it? The object you just bought gave you an easy fast boost of confidence and satisfaction. 

But before actually going shopping did you try asking yourself these questions?

  • Do you really need those extra pair of jeans, that shirt/ shoes/ bag, etc?
  • Is this purchase a want or a need? Is this a logical or emotional decision?

Most of the time we all end up buying things we want or at least excited to buy at the spur of the moment. Take control and stop yourself.  Be a wise spender, not an emotional one!

Credit Cards and Technology

The Big Temptation Of Online Shopping!


Spending money is always easier when you buy things with a credit or debit card. We have all been there. It is so easy not to think of the price when you are actually not doing the math. With no actual paper money in your wallet, it is really easy to lose track of how much you have and how much you spend. If you haven’t set a monthly budget, you won’t notice all your spendings until the end of the month. 

In today’s modern time, you can buy anything anywhere through a few simple clicks on your smartphone.

Online shopping has made spending money so easy by skipping all the hassle of actually going out and walking around in hours to find what you are looking for. With an easy click, you can have whatever you want whenever you want!

We want it all and we want it now! 

Why wait when I can have it now, you might ask yourself? No one really likes waiting. And what if you wait and you don’t find your size?

Let’s be honest, saving feels hard and it is very hard. If you are an emotional spender you might be telling yourself;  things will work themselves out, they always do, right? 

Well, that might be true but that’s not what you want. No one wants to be the emotional spender who in the middle of the month has no money left. What you need is to break the cycle and start by moving from being an emotional spender to a wise spender, with the ultimate goal of being a wiser saver.

Evolve from a Wise Spender to a Wise Saver!

Here are Our Tips:

  • Check your emotional state. Before making a purchase ask yourself: How do I feel right now?


  • While you are trying to spend your money or make a purchase, take a moment and realize your emotions and the purchase you are about to make.  Is it a want or a need? Is it necessary or not? Is it on my budget plan?


  • Don’t buy something that is according to a certain trend, like a newly released tech or latest fashion item unless it is a need. 


  • Use a budget or money manager app to track your expenses: Make a budget and a list of the needs and essentials of the month to stay in charge. Once you have become a wise spender,  evolve to a wise saver. 

2- People Thinks Budgeting and Saving Money are Hard

Budget and saving aren’t hard but it takes effort. Most of us think budget planning and saving are hard for a lot of reasons. The most common reasons are:  

    • My income is not enough for saving.
    • I don’t have time for budgeting.
    • I already know what I buy and why.

Budgeting isn’t easy, and some people do struggle to set and follow a budget. The reason for this is that we make it difficult for ourselves to actually do it and stick to it.

There are a  lot of different strategies that people have used over the years trying to manage their budgets. A myth buster is tracking your money doesn’t magically save you money, which leads us to the next point.

Budgeting and tracking money will open your eyes and put you in control of your personal finances

Budgeting and tracking your spending using a money manager app or the old way spreadsheet will open your eyes, and you will start to see where your money goes. Did you overspend on something? Should you have postponed a purchase to the next month? With being in control you will no longer feel the anxiety and stress of every month because you now know where your money is being spent and how much is left! 

Be In Control.

Here are Our Tips:

  • Start sorting what is necessary and what is not, in your spending. Most of us just keep spending money without noticing how much we have actually spent during the month on unnecessary purchases.

So, when you think about budgeting and tracking think about a way to track your money using a money manager or the old fashion way,  a spreadsheet. 

  • Set goals on specific dates to save an amount of money every month, and be smart about your choices and your purchases.
  • Gather all the bills, expenses, bank recordings, and income statements into one place, such as Kaching or an excel sheet. Try using the 50 -20 -30 while using your budget app.

Apply the 50-20-30 % Approach on your income. 

  • 50% of your after-tax income on housing, food, and other necessities
  • 20% on paying down debt or increasing savings
  • 30% on whatever you want—discretionary spending

Although this plan is simple, some critics say that it allows too much discretionary spending and doesn’t emphasize debt reduction or savings enough. Try it for a while and keep making small adjustments in the percentage till you are satisfied with the results.  

Keep in Mind…

  1. Budgeting doesn’t mean, being cheap, or cutting spending on things that we like to spend money on.
  2. Budgeting takes effort and you need to be smart about it for it to work.

3- Education and Household Costs are Huge

The Burden

The burden on families is heavy, especially in developing countries. A recent study from UIS released in 2019 found that families in low-income countries pay more for their children’s education

While tuition fees at some Egyptian private schools from kindergarten to grade 12 may be less than 1,000 EGP ( 112$USD), the top most expensive international schools in Egypt charge extravagant fees up to 375,000 EGP (24,000 $USD) in the student’s final year, according to world’s education news and UIS.

Households in many developing countries spend a far greater share of average GDP per capita on education than those in developed countries. Household spending on secondary education amounts to 20-25% of the average GDP per person. 

You can check the daily expense, monthly expenses, and households in Cairo at this link https://www.numbeo.com/cost-of-living/in/Cairo-Egypt

Plan Better!

Here are Our Tips:

  • Household payments include; taxes, rent, gas and electricity bills, etc.. Try to set a specific budget and expected range of household payments every month to have the right estimation of the amount of money you’re going to spend. Track your household payments to see if there are any extra spending on specific parts. 


Creating a budget, planned payments and tracking your expenses easily with a money manager app such as Kaching. With your finances easily accessible on your phone you will always stay in control. 


  • Household items include; bathroom essentials, kitchenware, tools, furniture, and electricity. Limit yourself to households’ only necessary items and start making a list of what is necessary and what is not.
  • Sit with your spouse and set specific budgets and expectations for everyday expenses such as education fees and installments, household items, household payments, etc. By estimating a monthly average you can calculate your early spending.
  • Every school has its pros and cons. Think and consider what will work the best for your family without the need to take out a tuition loan.
  • When buying school supplies do your research first.  There are a lot of places that offer really good discounts and affordable prices.  
  • Several online education platforms offer free educational material to help your children to expand their knowledge and improve their studies. 
  • Follow blogs and pages online for the latest tips and tricks on saving money 

4- Everyday Expenses are Greater Now

Your Income Is Not The Problem

Everyday expenses are getting pricier as we speak. We work hard every day just to see all of our money gone by the end of the month. That is why every pound matters. Do you feel guilty for unnecessary spending? Do you think that your income is the problem because your expenses are greater than your income? Do you tell yourself  “I have nothing left to save because my expenses are greater than my income”? Well we are here to tell you NO!  

Your income is not the problem! It is of course a big factor, but it is not the reason.  A lot of people with moderate income are able to save money and the opposite. The issue here is learning to live with what you’ve got. Learning to live within your limits and spend when you should, not when you want.

Let’s Be Smarter About Our Expenses.

Here are Our Tips:

  • Shop smart. Don’t grocery shop on an empty stomach. Try to make one trip every couple of weeks or once a month to the grocery shop so you can buy in bulk and save money on the transportation as well. 
  • Lookup for prices online before buying something at a store to determine whether another store sells the same item at a lower price. When shopping online, always check for and use coupon codes.
  • Take public transportation when possible.  If you own a car, park the car and take public transportation and walk a little every once and while. This is not only beneficial for saving gas money and car maintenance, but also good for your health.
  • Cut down on your subscription plans.  Most of us are subscribed to tv channels, packages, and subscriptions on the internet for i.e. eBooks. Look into your subscriptions and see if you really use them. Maybe you need to change the subscription plan or cancel it altogether? Decide which are really necessary and cancel the rest.
  • Learn how to do your own brushing or leave it as is! You are beautiful! No need to go to the beauty salon for every small detail.  Beauty salons can charge a lot of money for small things you can easily do yourself at home.
  • Clean your car at home. Washing your car on your driveway instead of visiting a drive-through car wash can save you 600 EGP to 1200 EGP a year. 
  • Always pay all your bills in time to avoid any extra fees!

When it is possible: 

  • Prepare your morning coffee or tea at home. Brewing coffee at home instead of buying a 25 EGP cup of coffee at a local coffee joint every day can save you over 7000 EGP a year!
  • Reduce or eliminate dining out. Cooking more, or all meals at home can easily save you up to 1200 – 4000 EGP per month or more!
  • Turn off the air conditioner when the weather is pleasant.
  • Turn off unnecessary lights and always make it a habit to turn off all the lights when you exit a room. 
  • Track and plan your expenses, make a budget, and set saving goals. Using a money manager app can be extremely helpful!

5- Setting a Financial Goal

Lack Of Goal and Purpose

So, after you have evolved from a wise spender to a wise saver, taken control over your finances, organized your household expenses, and taken smart decisions, you need to set your saving and financial goals. Let’s start saving some money!

The first thing you will need to do is to set a goal and an amount of money to save. With no goal or just saving money for the sake of saving will make it so much easier to spend it and get off track. You wouldn’t want to in a moment of weakness overspend and use some of the earmarked saving money while shopping or at a gathering? 

Therefore, it is important to set and save for a specific target or goal. You may be working toward several objectives at once, or you may be focused on one specific goal that you want to meet. With a goal in mind, you can stay strong against emotional temptation and spending and be a wise saver aware of your choices and in full control over your personal finances.

Let’s Save Money.

Here Are Our Tips:

  • Setting specific saving goals

You have to decide what your saving goal is for, and how it is going to improve your life and make it better. It might be for a debit, a car, saving for retirement, an emergency fund, or a vacation. Whatever it is, choose wisely to stay committed. 


  • Have a timeline for your goal

Setting a timeline for your saving goals will make it much easier to save. Having a finish line is a great motivator to reach one’s set goals!


  • Set monthly goals

Setting monthly goals for your savings helps you decide how much you are going to spend each month.  This will take effort from your side, but it will help you stay in control and help you have a clearer vision of how much you have to save and how much you can spend. With money set away for spending, you can feel great and in control and not worry about going back to emotional spending habits.


Save money and money will save you!

It's not about how much money you make, it's how much you save! Using a money manager app will help you track your goal, savings, and spending. It will keep your eyes on your finances and your spending habits to not lose track. Try Kaching - money manager and be in control of your personal finances today! Kaching will help you become the wise saver you need to be to reach your ultimate dreams and goals! Be in control - Be with Kaching!

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