How do you manage your finances and family if your income is low range?

[Litzki1990]

This question is too easy to answer with discipline, but it's hard to do in action. Not everyone earns enough money daily, and the cost varies by country. The government adjusts the minimum wage, but it may not be enough. We must reduce our expenses to the point where we can only afford basic daily meals. It's hard since those who manage the minimum wage earner don't have to struggle with that problem. Sometimes, when I get sick, I need to loan to some people to afford medications.

Indeed, there is a big challenge in doing it in actuality rather than just saying it. That is why a lot of people fail to make it as we know that inflation can also affect our budget plus some emergencies. Honestly, it is not impossible if we change our lifestyle and remain low but with the inflation rate these days, it really has a huge impact on our budget. A reason why we should not just be contented with what we have earned today, we should find other sources of income to cope with the growing expenses.

Maybe we are born like that and we are never satisfied with our own income. No matter how much money we earn, we always think of ways to increase our income. We always want something better than the current position. Everyone is living but from low income people to high income people all are living life some in hardship some in happiness. More money is not income but our proper planning will help us to live well with family. If you have a habit of spending extra money, you should change that habit and try to do the necessary things with less money. You should not only plan for the present but also plan for what may happen in the future and save money for the future as per your ability. If we can plan for the future like this, I think we can survive the inflationary period.

[Dickiy]

This question is too easy to answer with discipline, but it's hard to do in action. Not everyone earns enough money daily, and the cost varies by country. The government adjusts the minimum wage, but it may not be enough. We must reduce our expenses to the point where we can only afford basic daily meals. It's hard since those who manage the minimum wage earner don't have to struggle with that problem. Sometimes, when I get sick, I need to loan to some people to afford medications.

Indeed, there is a big challenge in doing it in actuality rather than just saying it. That is why a lot of people fail to make it as we know that inflation can also affect our budget plus some emergencies. Honestly, it is not impossible if we change our lifestyle and remain low but with the inflation rate these days, it really has a huge impact on our budget. A reason why we should not just be contented with what we have earned today, we should find other sources of income to cope with the growing expenses.

Maybe we are born like that and we are never satisfied with our own income. No matter how much money we earn, we always think of ways to increase our income. We always want something better than the current position. Everyone is living but from low income people to high income people all are living life some in hardship some in happiness. More money is not income but our proper planning will help us to live well with family. If you have a habit of spending extra money, you should change that habit and try to do the necessary things with less money. You should not only plan for the present but also plan for what may happen in the future and save money for the future as per your ability. If we can plan for the future like this, I think we can survive the inflationary period.

Basically everyone is born the same, but maybe it's fate that distinguishes them a little, for the problem of whether or not we are satisfied with the income we have in my opinion it depends on each individual whether they can be grateful for such circumstances or not, and also of course depends on how big their needs are, if indeed the income is still not able to cover the basic daily needs then it is only natural that some of them complain, and in my opinion there is no more effective solution unless they look for additional new income.

Yes, planning or management is also very important in terms of finances, I wouldn't say they have a difficult life if indeed their income is above average, but maybe I would say that they don't have good management in terms of their finances. For example, they freely allocate the money wherever they want without any planning and it turns out that the items they buy cannot have a good impact or balanced reciprocity for their lives, then obviously it is an expense that I think does not need to be done. The point is if your income is not enough then you can look for a place or additional work to increase your finances, and also if you already have pretty good finances then I think it's better to allocate it to things that are more useful. And yes, it is better to save or invest to avoid the impact of inflation.
     

[junder]

Low income or limited salary will not be a big problem in meeting the family's main needs, you can still meet various family needs as long as you can manage your expenses appropriately. Allocate money to items that the family needs every month, such as basic food items, children's education costs, electricity and water. Always avoid spending money on things that are not really needed in order to save some money for other needs.

Apart from that, if you don't have another source of income, you can use your free time to work on the empty land around your house, start planting various kinds of plants such as tomatoes, chilies and other vegetables. By having produce from your own garden, you can increase your income and save money on shopping for kitchen needs.

Yes that's right I agree with your opinion, If indeed the income earned each month is limited or even low, it will not be too much of a problem as long as we can manage finances well. By prioritizing the basic needs that you mentioned earlier it will be sufficient for their daily lives, It's better if they can set aside for savings, this only needs self-control by reducing unnecessary expenses or even not buying things that are not too important, If they can do it then maybe they won't feel shortages every day.

This is a good idea, that way they will have additional income if they market it, also the other side is a little kitchen needs will be helped by the way you said it, If there is no land to farm then maybe in my opinion the only way is you have to look for other income to increase your finances. So in such conditions we must be able to take advantage of all opportunities that come or even create our own opportunities.

[ajiz138]

Low income or limited salary will not be a big problem in meeting the family's main needs, you can still meet various family needs as long as you can manage your expenses appropriately. Allocate money to items that the family needs every month, such as basic food items, children's education costs, electricity and water. Always avoid spending money on things that are not really needed in order to save some money for other needs.

Apart from that, if you don't have another source of income, you can use your free time to work on the empty land around your house, start planting various kinds of plants such as tomatoes, chilies and other vegetables. By having produce from your own garden, you can increase your income and save money on shopping for kitchen needs.

Actually it's easy to manage finances with a mediocre pass, the important thing is that the basic needs are met, so other things must be removed in the sense that they don't need to be bought if they still use other basic things, sometimes with low salaries we must be able to save in such a way, no need to think about saving or investing with one month's needs being fulfilled is better.

On the other hand, you must be able to find additional income if you only rely on a low salary then life will not have any changes, as you said by utilizing vacant land can be done if you have it, there are also other jobs you can do with the skills you have, actually there are many ways to generate additional as long as we try and display good skills.

[Kelvinid]

This question is too easy to answer with discipline, but it's hard to do in action. Not everyone earns enough money daily, and the cost varies by country. The government adjusts the minimum wage, but it may not be enough. We must reduce our expenses to the point where we can only afford basic daily meals. It's hard since those who manage the minimum wage earner don't have to struggle with that problem. Sometimes, when I get sick, I need to loan to some people to afford medications.

Indeed, there is a big challenge in doing it in actuality rather than just saying it. That is why a lot of people fail to make it as we know that inflation can also affect our budget plus some emergencies. Honestly, it is not impossible if we change our lifestyle and remain low but with the inflation rate these days, it really has a huge impact on our budget. A reason why we should not just be contented with what we have earned today, we should find other sources of income to cope with the growing expenses.

Maybe we are born like that and we are never satisfied with our own income. No matter how much money we earn, we always think of ways to increase our income. We always want something better than the current position. Everyone is living but from low income people to high income people all are living life some in hardship some in happiness. More money is not income but our proper planning will help us to live well with family. If you have a habit of spending extra money, you should change that habit and try to do the necessary things with less money. You should not only plan for the present but also plan for what may happen in the future and save money for the future as per your ability. If we can plan for the future like this, I think we can survive the inflationary period.

Everyone is ambitious and wants to improve their living (even more). People are working hard not just for the sake of survival but in order for them to live comfortably. Maybe I was wrong but it looks like that money is now the solution to every problem and makes us happy. In fact, as we can hear a lot of couples got separated due to financial problems which means that it has now become a more valuable thing than others. Indeed, proper budgeting is the best thing to do just to fit our income. Even though we already have a huge income, it is still necessary to used it and plan the future.

[letteredhub]

Low income or limited salary will not be a big problem in meeting the family's main needs, you can still meet various family needs as long as you can manage your expenses appropriately. Allocate money to items that the family needs every month, such as basic food items, children's education costs, electricity and water. Always avoid spending money on things that are not really needed in order to save some money for other needs.

Managing your finance to cover your responsibility and family needs is subject to the popular saying, "cut your coat according to your size", and this is one popular statement that many people haven't sat down to grasp a deep meaning of it. Some people when allocating money monthly for basic needs they expend on quantities that they don't need which before the need arises for it it has gotten spoilt or rotten, example is sauces, condiments and cereals in large quantities than needed.

Another example of people not cutting their coat according to their size can be found in the area of education of their children. Registering/admitting your child/ward in schools that school fees are far above your paycheque when other basic needs money has been subtract from salary the amount left can't meet with but for bride's sake that a neighbor's child is attend a certain prestigious school you also insist your child also will without considering your salary.

Apart from that, if you don't have another source of income, you can use your free time to work on the empty land around your house, start planting various kinds of plants such as tomatoes, chilies and other vegetables. By having produce from your own garden, you can increase your income and save money on shopping for kitchen needs.

It seems we have more lazy people now in the world than we use to in those days of agrarian society where almost every home have a garden they plant a few crops for groceries use. And it helps so much in reducing expenses from going to get those items always from the market. I have a little space at my backyard I plant varieties of crops I know family will be needing regularly for cooking use and it has been supportive.

[uneng]

Low income or limited salary will not be a big problem in meeting the family's main needs, you can still meet various family needs as long as you can manage your expenses appropriately. Allocate money to items that the family needs every month, such as basic food items, children's education costs, electricity and water. Always avoid spending money on things that are not really needed in order to save some money for other needs.

Apart from that, if you don't have another source of income, you can use your free time to work on the empty land around your house, start planting various kinds of plants such as tomatoes, chilies and other vegetables. By having produce from your own garden, you can increase your income and save money on shopping for kitchen needs.

Actually it's easy to manage finances with a mediocre pass, the important thing is that the basic needs are met, so other things must be removed in the sense that they don't need to be bought if they still use other basic things, sometimes with low salaries we must be able to save in such a way, no need to think about saving or investing with one month's needs being fulfilled is better.

On the other hand, you must be able to find additional income if you only rely on a low salary then life will not have any changes, as you said by utilizing vacant land can be done if you have it, there are also other jobs you can do with the skills you have, actually there are many ways to generate additional as long as we try and display good skills.

People living like this are actually surviving, not living at all. They can only spend with the most basic needs they have, such as basic and cheap food, electricity and water bills, rent (if not owning a house), and that is all... They can't give themselves the luxury of eating out, travelling or buying clothes, accessories and gadgets, or even having a hobby. It's a very limited daily routine and their only hope is probably the opportunity their children have to study in order to persue high paying jobs futurely, so they can change the financial situation of the whole family and finally give some confort to the patriarch and matriarch before the end.

[Y3shot]

This question is too easy to answer with discipline, but it's hard to do in action. Not everyone earns enough money daily, and the cost varies by country. The government adjusts the minimum wage, but it may not be enough. We must reduce our expenses to the point where we can only afford basic daily meals. It's hard since those who manage the minimum wage earner don't have to struggle with that problem. Sometimes, when I get sick, I need to loan to some people to afford medications.

The only way to manage finances is to just cut off every expenses by reducing the standard of living and to be really discipline when it comes to spending of money. Money is something that flies when one is not conscious how it is been spent. Reducing lifestyles that takes away money and also to think of a side hustle to can be a channel of which money comes in, these are the two strategies to go with on how to meet up with the hard economy.  It is not easy to meet up with daily expenses in this economy but we have no choice than to try our best to keep on getting incomes to survive.

[pawel7777]

Apart from that, if you don't have another source of income, you can use your free time to work on the empty land around your house, start planting various kinds of plants such as tomatoes, chilies and other vegetables. By having produce from your own garden, you can increase your income and save money on shopping for kitchen needs.

That's good advice but in terms of healthy eating, growing your own food is way healthier than buying processed food or food full of pesticides etc. But money-wise, having own vegetable garden is not as cheap as people might think. To grow quality, nutritious food, you need to feed the plants with proper fertiliser and water them regularly. Tending to your garden can also be time-consuming, and you could use that time to earn money. So often times, buying cheap fruits/vegetables from a supermarket can actually be cheaper, but the quality will always be on the side of home-grown.

[stomachgrowls]

Apart from that, if you don't have another source of income, you can use your free time to work on the empty land around your house, start planting various kinds of plants such as tomatoes, chilies and other vegetables. By having produce from your own garden, you can increase your income and save money on shopping for kitchen needs.

That's good advice but in terms of healthy eating, growing your own food is way healthier than buying processed food or food full of pesticides etc. But money-wise, having own vegetable garden is not as cheap as people might think. To grow quality, nutritious food, you need to feed the plants with proper fertiliser and water them regularly. Tending to your garden can also be time-consuming, and you could use that time to earn money. So often times, buying cheap fruits/vegetables from a supermarket can actually be cheaper, but the quality will always be on the side of home-grown.

Only to those people who arent busy are the ones who would really be that skeptical when it comes to proper nutrition but for those who dont have time or simply that busy then they would really be just choosing on whats the fastest way and cheapest way without minding about if ever its not that healthy as long they could really do the thing that they supposed to do then this is what they would definitely be choosing.
Its true that having your own garden and make some planting and growing your own food is never been that cheap and its true that it would really be requiring out such effort and time consuming
on which you would definitely be able to compare which one is efficient and which one could really take a toll for you to make money on something or with the time spent.

This is why only a few would really be taking up such path and only into those people who do have passive income or do able to make money or having stream even without having a physical or day job.
They would really be the ones who are really that busy on dealing up with things something like this but if you are someone who do have work 8-5 then for sure you would be skipping out such
idea and would really be just simply going into those options on which you could really be able to not to compromise your work which it would really be that
your main priority on which it is really just that a common approach.

[dansus021]

It is hard to manage your finance for you and your family at the same time if this happens to you it means that you are a sandwich generation just like me. It happens when we still need to give money to our parent and also you need to give money to someone below your ex. your wife and or brother, and also don't forget yourself. It is very hard to do all of it at the same time.

The best what you can do right now is by look for another income and start saving in form of asset I know is sound difficult but you have pretty much choice. Start invest with passive income like Stock with dividend or crypto with the staking program. you can start calculate and might save you later

[bayu7adi]

This is a good idea, that way they will have additional income if they market it, also the other side is a little kitchen needs will be helped by the way you said it, If there is no land to farm then maybe in my opinion the only way is you have to look for other income to increase your finances. So in such conditions we must be able to take advantage of all opportunities that come or even create our own opportunities.

Seizing the available opportunities is not as straightforward as it may sound. Many individuals with limited income face substantial challenges in enhancing their Human Resources. This means there are constraints when it comes to capitalizing on the opportunities right before them. We all understand that each opportunity demands some fundamental requisites, such as initial funds, specific mindset, or particular skills. Consequently, the chances to capitalize on every available opportunity become even narrower for those with limited resources.

Perhaps, another viable solution could be to commence the enhancement of Human Resources to compete with others in pursuing more substantial opportunities. Patience and consistency are the keys, where one might take a step back today to make a significant leap in the future.

My suggestion might be to cut down on expenditures related to the improvement of Human Resources, which could involve taking courses or engaging in learning activities. This might be challenging, especially given the limited financial allocation, which is why extra diligence is essential to ensure that the expenses are not in vain while ascending from a lower starting point.

[Ahli38]

Having a mediocre income is actually a fairly common problem and one we encounter a lot in everyday life. Whether it's from our neighbors or people we know. Surely some of them have a mediocre income. And having a mediocre income is actually not that bad if you talk about the short term. But yeah that would be a big problem if we talk in the long term.

Because mediocre income refers to a condition where our income may only be enough to meet basic needs. I think everyone who started a life career from zero must have also gone through this phase. Including me personally, I have experienced this phase for quite a long time in the past few years after I even started my career from zero again after experiencing bankruptcy.

In this phase, the way we manage our finances will be the same. It's just that there will be some boundaries that we have to make if we want to get out of this situation and make our financial life better over time. Like we limit expensive side dishes. Well we only ate rice with simple side dishes which were cheaper. And we only eat delicious and slightly expensive side dishes once every 2 weeks or once a month. So we can save a little money at that time.
Normally in my area we eat 3 times. Morning, afternoon and evening. So, in the phase when I still had a mediocre income, my family and I limited our meals to only 2 meals, namely morning and evening. Reduce purchasing snacks and only buy clothes during certain time periods. The point is that at that time we tried to make expenses as small as possible but still ensured that our bodies were well-nourished and able to remain strong and healthy for daily activities and work.

And of course at that time we didn't even think about buying the things we wanted. Because our financial condition would not be sufficient at that time. But after living a simple life together, we were able to continue saving and collecting more capital money. a year or two after that our lives improved. I initially had another business with my family. But in those few years I continued to develop my trading skills. Until I got to the stage where I could make a lot of profit from trading. And I decided to focus on being a trader until now. And that's enough to support a family. And I can still set aside to invest and save. And from my signature at btt I also include it for my long-term bitcoin investment. Sometimes I like to reflect on the quite difficult moments that I have experienced. And I'm grateful to have experienced it. Because bitter experiences sometimes bring good changes in our lives. My personality has become calmer and I can be more grateful for what I have now.

[Lorence.xD]

Apart from that, if you don't have another source of income, you can use your free time to work on the empty land around your house, start planting various kinds of plants such as tomatoes, chilies and other vegetables. By having produce from your own garden, you can increase your income and save money on shopping for kitchen needs.

That's good advice but in terms of healthy eating, growing your own food is way healthier than buying processed food or food full of pesticides etc. But money-wise, having own vegetable garden is not as cheap as people might think. To grow quality, nutritious food, you need to feed the plants with proper fertiliser and water them regularly. Tending to your garden can also be time-consuming, and you could use that time to earn money. So often times, buying cheap fruits/vegetables from a supermarket can actually be cheaper, but the quality will always be on the side of home-grown.

It's not actually applicable to people that are living in urban areas, where they don't have their own yard to start their own garden. Plus having a garden is not that easy as it may sound, not only for the environment that could affect the growing process of the plants, but also the weather, it would depends on the weather if you will have a good harvest,  which most of the farmers experienced. That not only some people has been affected, but also the economy and agriculture sector of a country.

And I with that time you would spend in building your own garden, you can already find jobs and other money sources that are well paying. I actually prefer to buy vegetable goods in supermarket, and choose the cheaper one, cause those fruits and vegetables went process in checking the quality and to be preserved longer. Still fresh picked or home-grown is literally the best quality.

[junder]

This is a good idea, that way they will have additional income if they market it, also the other side is a little kitchen needs will be helped by the way you said it, If there is no land to farm then maybe in my opinion the only way is you have to look for other income to increase your finances. So in such conditions we must be able to take advantage of all opportunities that come or even create our own opportunities.

Seizing the available opportunities is not as straightforward as it may sound. Many individuals with limited income face substantial challenges in enhancing their Human Resources. This means there are constraints when it comes to capitalizing on the opportunities right before them. We all understand that each opportunity demands some fundamental requisites, such as initial funds, specific mindset, or particular skills. Consequently, the chances to capitalize on every available opportunity become even narrower for those with limited resources.

I understand that it is not that easy, but there is nothing wrong with trying to be able to develop, the risk is certainly there but if it is accompanied by a strong belief it might be successful, it all depends on the mindset of each, even though their income is limited but if they can manage it very well about all expenses maybe they can balance everything well, for sure it also depends on their income, if it is not possible then whatever the opportunity will definitely not be that easy to do.

Perhaps, another viable solution could be to commence the enhancement of Human Resources to compete with others in pursuing more substantial opportunities. Patience and consistency are the keys, where one might take a step back today to make a significant leap in the future.

Competing certainly has its own risks, but there is nothing wrong with trying the solution you said by increasing human resources with patience and consistency maybe it can make progress. But it depends on those who have their own intentions and their own choices.

My suggestion might be to cut down on expenditures related to the improvement of Human Resources, which could involve taking courses or engaging in learning activities. This might be challenging, especially given the limited financial allocation, which is why extra diligence is essential to ensure that the expenses are not in vain while ascending from a lower starting point.

Yes, by reducing unnecessary or not very important spending habits this will help a mediocre income to be a little more economical, so they can set aside to save or invest, but this needs perseverance or needs to be used so that it doesn't burden it, because any habit will be difficult if you want to reduce it or even eliminate it. The mindset that must be changed if they have limited income is still wasteful and cannot manage expenses.

[pawel7777]

It's not actually applicable to people that are living in urban areas, where they don't have their own yard to start their own garden.

That's true, although there already are indoor gardening systems (or hydroponic systems) on the market which could be used even if you live in a flat in a middle of a city. They're often pretty costly and won't produce as much food as a proper garden would.
Another option for city dwellers would be renting an allotment, a small piece of land usually just outside of a town in a dedicated area made especially for that purpose.

I actually prefer to buy vegetable goods in supermarket, and choose the cheaper one, cause those fruits and vegetables went process in checking the quality and to be preserved longer.

Mass food producers are focused on profit, which encourages them to use all kinds of pesticides or even genetically modified seeds to grow fruits and vegs that are big, resistant to pathogens, and that have longer shelf life. All that comes at the price of them often being watery, tasteless and lacking the nutrition that homegrown food has.
All in all, quality food is the last place you should be looking for savings.

[Natsuu]

Low income or limited salary will not be a big problem in meeting the family's main needs, you can still meet various family needs as long as you can manage your expenses appropriately. Allocate money to items that the family needs every month, such as basic food items, children's education costs, electricity and water. Always avoid spending money on things that are not really needed in order to save some money for other needs.

Apart from that, if you don't have another source of income, you can use your free time to work on the empty land around your house, start planting various kinds of plants such as tomatoes, chilies and other vegetables. By having produce from your own garden, you can increase your income and save money on shopping for kitchen needs.

I doubt it. Managing expenses and prioritizing essential needs is indeed crucial but it's easier said than done especially for those with limited financial resources. For the poor, the challenge intensifies because despite the common advice of allocating money wisely, the reality is harsher as they are already struggling to make ends meet. Basic necessities like food, education, and utilities often consume almost all of their income. And yes, your idea of utilizing free time and land for cultivation is practical but access to suitable land, resources and knowledge is a barrier for them as well. I am certain that breaking the cycle of poverty requires more than just budgeting because it demands systemic changes, improved access to education, healthcare and opportunities for sustainable income. While it is common to say just manage your expenses, how to actually do it depends on one's economic circumstances. This may be too much but in our country, we have a lot to demand first from our government but that doesnt leave the people to be lazy.

But personally, as someone who is privileged enough to look for work, I just add another source of income to sustain my additional wants. I mean I try not to limit my lifestyle to the income I have, rather, I find more resources so I can sustain the lifestyle that I want.

[DanWalker]

Low income or limited salary will not be a big problem in meeting the family's main needs, you can still meet various family needs as long as you can manage your expenses appropriately. Allocate money to items that the family needs every month, such as basic food items, children's education costs, electricity and water. Always avoid spending money on things that are not really needed in order to save some money for other needs.

Apart from that, if you don't have another source of income, you can use your free time to work on the empty land around your house, start planting various kinds of plants such as tomatoes, chilies and other vegetables. By having produce from your own garden, you can increase your income and save money on shopping for kitchen needs.

Are you married and how many children do you have? From what you said, it seems very easy to balance life without stress or too much effort. If life is so easy, why are there still billions and billions of people still living in difficulty and poverty? Why are there still millions of people working hard 16-18 hours a day but still not having enough money to make ends meet?...There's a lot for you to explain with what you're saying. But that's life, imagining and speaking will always be easier when we ourselves are in that situation, we will know how difficult it is, and how not easy it is to overcome it.

I guess, you are a lucky person and have got a high-paying job, or you are still in your parents' arms.

[wajik-tempe]

Low income or limited salary will not be a big problem in meeting the family's main needs, you can still meet various family needs as long as you can manage your expenses appropriately. Allocate money to items that the family needs every month, such as basic food items, children's education costs, electricity and water. Always avoid spending money on things that are not really needed in order to save some money for other needs.

Apart from that, if you don't have another source of income, you can use your free time to work on the empty land around your house, start planting various kinds of plants such as tomatoes, chilies and other vegetables. By having produce from your own garden, you can increase your income and save money on shopping for kitchen needs.

Your advice to use spare time to establish a garden with crops such as tomatoes, chilies, and veggies is a fantastic method to augment income and save food costs. Individuals may handle financial issues more effectively while also protecting the well-being of their families if they adopt these tactics and make prudent spending decisions.

[wallet4bitcoin]

The need for budgeting can not be over-emphasized, it saves one from loads of financial mismanagement and unnecessary pressure that goes with it. Budgeting and sticking to it makes you feel like you have more than enough to play around with irrespective of what the economy of your neighbourhood is. It also gives you room to enprovision for savings and investment.

There are options for almost everything that is required to live life, the option you subscribe to is that which your resources can afford according to your class. If you deviate from subscribing to your class-option, its only a matter of time before the pressure associated with mismanagement of funds sets in.