Why People do not Save/Invest Money in Saving Accounts and Why the Number of Savings Reduce in Banks Today?
REASONS WHY DO PEOPLE DO NOT SAVE IN BANKS There are various reasons why people find it hard to save , typically a certain family would settle into their income and divide if for food, children’s needs in school, electricity bills, clothing, miscellaneous bills etc. and some would be spent on unnecessary things that has not been included in their budget then some portion of it if there is any that is left would go to the bank but most of the time only a portion of it would be left. In other word bank savings is not a priority because there is so much to spend and nothing is left to be saved. This has been the typical situation in most of the family, even there are times that they have the opportunity to save, people find it tempting to overspend to the things that they ever had in their life. Most people find it delighting to engage in overspending if they have gain a large amount of money in their salary and in their business especially during their f...