A friend of mine earn 15,000 monthly and the salary is not enough for him for transportation and feeding. Any advice for such person?
Mhizta YanBeginner
Asked: September 28, 20232023-09-28T22:05:49+00:00
2023-09-28T22:05:49+00:00In: Money management
Any advice to low income earners?
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To manage a limited income, consider these steps: 1) Create a budget to track expenses and prioritize essential needs. 2) Cut unnecessary expenses and find ways to save, like cooking at home. 3) Look for additional sources of income or part-time jobs. 4) Seek community resources for assistance withRead more
To manage a limited income, consider these steps: 1) Create a budget to track expenses and prioritize essential needs. 2) Cut unnecessary expenses and find ways to save, like cooking at home. 3) Look for additional sources of income or part-time jobs. 4) Seek community resources for assistance with food and transportation.😊
See lessI think the best advice I can give is that they should focus on covering essential or important expenses such as housing, utilities, groceries, and transportation before allocating funds to less important expenses. They should try as much as possible to cut unnecessary expenses. Finding out about noRead more
I think the best advice I can give is that they should focus on covering essential or important expenses such as housing, utilities, groceries, and transportation before allocating funds to less important expenses.
They should try as much as possible to cut unnecessary expenses. Finding out about non-essential expenses and how to cut or reduce them. It might be dining out less or canceling unused subscriptions.
Even on be a low income, try to save a small amount regularly in an emergency fund because it will help to deal with unexpected expenses without going into debt.
See lessThe best way for a low income earner to make money is to learn skills and use your low income to build yourself a buffer and start a business, the biggest disservice you'll do to yourself is to get comfortable with a low income, it will kill all of your ambitions. There are different ways toRead more
The best way for a low income earner to make money is to learn skills and use your low income to build yourself a buffer and start a business, the biggest disservice you’ll do to yourself is to get comfortable with a low income, it will kill all of your ambitions.
There are different ways to make money online, you can harness one and learn it as time goes on, you get competent you can quit your job and focus on it long term.
See less