Here,word “save and Invest” not refer to money in saving account but it refers to “Planned Saving ” with short,medium or longer term objectives.We will try to evaluate some common reasons why peoples are not interested or not able to plan their savings and investment.
- Busy Schedule:
Competition is tough now a days.Generally people do not have much time to think and plan about savings and investment.Finally most of them ends with traditions like insurance policies.
- Higher liabilities:
Sometimes liabilities become more than income.One of my friends mother is victim of Chronic Renal Failure (CRF).Cost of dialysis [twice a week] is more than Rs.15,000/- per month and he finds it difficult to save after having such higher and must do liabilities.There are number of peoples who wish to save for future but such unavoidable liabilities do not allow them to do so.
- Trading addictions:
- Dealing with unknown persons:
- Risk aversion:
- Fear of emergency conditions:
- Study for exams and invest to save tax:
