You are to assume the role of a personal finance advisor. A new client is having difficulties saving and has asked you for help.
A new client started their first professional job after college two months ago and is excited to have a steady salary. This is the most money the client has ever made and the client is having a difficult time saving. Instead, the client is enjoying being able to join friends on vacations, dinners out and to events that were previously out of the client’s budget.
The client knows that saving is important, but also does not want to miss out on any special times with friends.
You must explain external influences that impact saving, methods to overcome the obstacles to saving and how not to fall into old spending habits once the client begins to save.