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

[Y3shot]

I will just think straight ahead of adding an additional source of income for myself, and this will create in more opportunities for me to be able to meet up with the family and personal needs arising, we cannot say that we should take decision on cutting the expenses made each day because of low income since there are needs that cannot be cut short like daily expenses on feeding, house rent, school fees and many other needs.

I think the only way to manage family is get another source of income because family responsibilities increases expecially a family that has children at hand, because reducing the standards of living can't only help in managing the family. As the children are growing their demands are alo increasing.  Having another source of  income is the only way on how to meet up with the bills, and also to avoid spending unnecessary on things that are not important,  doing this will help to solve the major bill that is in the family.  When income is not much one needs to consider a small family to be able to meet up financially.

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[seanskie18]

The issue is prevalent and requires coordination with wives. It is acceptable for monthly income data to be disclosed honestly, as it helps wives understand and manage it. However, additional efforts may be needed to address shortcomings. Being truthful allows family heads to communicate the actual circumstances, as the only group they aim to help is their own family, not others. This approach is preferable as it allows for better communication and understanding.

[Nerdy doctor]

I will just think straight ahead of adding an additional source of income for myself, and this will create in more opportunities for me to be able to meet up with the family and personal needs arising, we cannot say that we should take decision on cutting the expenses made each day because of low income since there are needs that cannot be cut short like daily expenses on feeding, house rent, school fees and many other needs.

About cutting down on expenses, it’s easier said than done. It’s not so easy to cut down on the lifestyle you’ve been used to for years and that could prove difficult.
Looking for another income source to bolster your earnings is also a good idea. And it’s an idea that a lot of people have thought of but unable to actually do it. With not enough jobs around for people who are willing and able to work, it wouldn’t be so easy to secure a second job. Hence the need to grow and improve on ourselves so we can be indispensable at our work place and also looking attractive for employers looking to hire people.

[cryptoWODL]

I will just think straight ahead of adding an additional source of income for myself, and this will create in more opportunities for me to be able to meet up with the family and personal needs arising, we cannot say that we should take decision on cutting the expenses made each day because of low income since there are needs that cannot be cut short like daily expenses on feeding, house rent, school fees and many other needs.

Many of our families, big and small, often face financial problems or continue to have these problems.If your income is struggling to cover the family expenses then you must increase the source of income and work out how to increase this source.If you can do a small business or job in addition to your current salary then your source of income will increase.I am working a job to support my family and also running a small online based business now I am not having much problem.

[Sebas.tian]

I will just think straight ahead of adding an additional source of income for myself, and this will create in more opportunities for me to be able to meet up with the family and personal needs arising, we cannot say that we should take decision on cutting the expenses made each day because of low income since there are needs that cannot be cut short like daily expenses on feeding, house rent, school fees and many other needs.

That is the best way to maintain a good home and also improve income that will last the entire family to enjoy before they will separate to their own family in the future. Using that low income to create such opportunity, which I know is not easy to make such thing available but if you can make such thing reality, it will make the family not to experience any challenges in this massive inflation that is affecting the global economy and is collapsing many family. But to lay such foundation in this season is not easy without the support of your family member like your wife and children, because if they can support you to make those things establish in the family, it will increase the family higher in all aspects of life.

[junder]

I will just think straight ahead of adding an additional source of income for myself, and this will create in more opportunities for me to be able to meet up with the family and personal needs arising, we cannot say that we should take decision on cutting the expenses made each day because of low income since there are needs that cannot be cut short like daily expenses on feeding, house rent, school fees and many other needs.

Many of our families, big and small, often face financial problems or continue to have these problems.If your income is struggling to cover the family expenses then you must increase the source of income and work out how to increase this source.If you can do a small business or job in addition to your current salary then your source of income will increase.I am working a job to support my family and also running a small online based business now I am not having much problem.

That's good, even though the business that is owned is small in appearance or value as long as it is productive and profitable I suggest continuing to run it. But my advice is that no matter how small the business is, force to set aside a little to save because over time, at a later time the savings can be used to increase the business products that are run so that they are a little bigger or better until they can have additional workers or employees. That way who knows from the small business we have can become a big business, right?

Although the main income is limited but if we have a small business maybe it will help our finances although a little in my opinion it is not a problem, instead it becomes a good thing because of the spare time we have. So others should be able to follow how to generate additional income for ourselves. That way the income that was mediocre will be helped by the business we have, it's okay that the business is small as long as it produces and is profitable for us like what you do online-based small businesses, in my opinion it's good because now people mostly shop online because along with the technology that supports it.

[angrybirdy]

The issue is prevalent and requires coordination with wives. It is acceptable for monthly income data to be disclosed honestly, as it helps wives understand and manage it. However, additional efforts may be needed to address shortcomings. Being truthful allows family heads to communicate the actual circumstances, as the only group they aim to help is their own family, not others. This approach is preferable as it allows for better communication and understanding.

That's right, having clear communication with your family may help to manage well your income. Both parent should be transparent when it comes to their incomes, expenses, and other things that money may involved in. Communicate with other family members to be more mindful about spending on things that aren't that important, Eliminate some debts, and build a budget that works for you and your partner. Once you determine how much money you have coming in and going out, time to figure out where you can cut back on your expenses like your non-essentials or find a way to increase your income.

[Chilwell]

Involving oneself on taking loans just to meet up ones targets ain't advisable when your income is low because you may run into depression when you've incurred so many debts before you receive your income as you may be confused whether to settle your outstanding debts with your income or using to solve the family's basic needs.

Carrying loan to solve family problem is not bad but make sure that the load is for reasonable things and also note that, the load you took can be managed by the monthly income you earn to avoid any damages. We can take loan for any kind of problem but it shouldn't go beyond your control and also inform you family member like your wife and children if they have grown up and can understand because in this kind of situation family members have to be aware so that if their is any changes in time of financial issue you will not owe them any explanation, this like fish not in the food or eating the same food constantly or some of their needs but not that serious to stop them from anything they want to do.

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.

This idea is also nice one but in my place people usually go to work early morning and comes back towards evening and when they are back they looked so tired and next thing they do is to shower and eat their food and sleep and continue the same thing tomorrow and when you talk about during weekend the see that period as resting periods. To be at the safe side we have to involve our family members in every of our plans because we has head of the family can't do it alone, like preparing a garden if we are busy we have to engage our children to do the preparation of the garden, with this plans we can a little bit relieved and have more money to save.

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.

That is human only few among us escape it but majority are involved, take a look at our working place we get promoted with the increase in our money too but still we keep on complaining about the needs. Let me tell you even those that have escaped it are just contented with what they are earning and also using the application of "scales of preference" to control the spending.

[uswa56]

I will just think straight ahead of adding an additional source of income for myself, and this will create in more opportunities for me to be able to meet up with the family and personal needs arising, we cannot say that we should take decision on cutting the expenses made each day because of low income since there are needs that cannot be cut short like daily expenses on feeding, house rent, school fees and many other needs.

That is the best way to maintain a good home and also improve income that will last the entire family to enjoy before they will separate to their own family in the future. Using that low income to create such opportunity, which I know is not easy to make such thing available but if you can make such thing reality, it will make the family not to experience any challenges in this massive inflation that is affecting the global economy and is collapsing many family. But to lay such foundation in this season is not easy without the support of your family member like your wife and children, because if they can support you to make those things establish in the family, it will increase the family higher in all aspects of life.

It's not easy, but if we try hard to increase our income, I think it's quite possible to achieve it. It's all just a matter of desire and hard work. If someone really puts in the effort and is consistent, I think it's very possible and also family will certainly be a big motivation because for Everyone making their family happy is a life goal that is always a priority.
It cannot be denied that problems in a family are due to financial factors and if we can manage this well then we will minimize the problem, and I think every family has its own way of managing finances.

[Minecache]

I will just think straight ahead of adding an additional source of income for myself, and this will create in more opportunities for me to be able to meet up with the family and personal needs arising, we cannot say that we should take decision on cutting the expenses made each day because of low income since there are needs that cannot be cut short like daily expenses on feeding, house rent, school fees and many other needs.

That is the best way to maintain a good home and also improve income that will last the entire family to enjoy before they will separate to their own family in the future. Using that low income to create such opportunity, which I know is not easy to make such thing available but if you can make such thing reality, it will make the family not to experience any challenges in this massive inflation that is affecting the global economy and is collapsing many family. But to lay such foundation in this season is not easy without the support of your family member like your wife and children, because if they can support you to make those things establish in the family, it will increase the family higher in all aspects of life.

It's not easy, but if we try hard to increase our income, I think it's quite possible to achieve it. It's all just a matter of desire and hard work. If someone really puts in the effort and is consistent, I think it's very possible and also family will certainly be a big motivation because for Everyone making their family happy is a life goal that is always a priority.
It cannot be denied that problems in a family are due to financial factors and if we can manage this well then we will minimize the problem, and I think every family has its own way of managing finances.

Increasing income is definitely something we need to do if we want to maintain family life. But to be more certain, we also need to cut spending and cutting here does not mean cutting down on daily necessities but cutting down on unnecessary things in life. Just like my family before, when the economy is difficult, we will limit buying too much food, only buy enough to eat, not buying things that are too expensive...That also helps me save some household expenses.

Regarding increasing income, I think it's not only in difficult times like now that we think about that. We should find ways to increase our income whenever possible because life will always have unforeseen events and we must always be prepared for that. Don't wait until things happen to you to think about increasing your income.

[Ahli38]

The issue is prevalent and requires coordination with wives. It is acceptable for monthly income data to be disclosed honestly, as it helps wives understand and manage it. However, additional efforts may be needed to address shortcomings. Being truthful allows family heads to communicate the actual circumstances, as the only group they aim to help is their own family, not others. This approach is preferable as it allows for better communication and understanding.

Prioritizing an honest and open attitude towards family is very necessary in a household and in managing family finances. Especially to our wives. Because after all, we and our wives must fight together in everything and we must always solve all problems together. Including financial problems. So of course our wives must also know how money flows in and out of the family. And he also has to know our sources of income if we want our wife to help us manage our finances. Unless we feel capable of managing family finances ourselves. But I think it's a difficult task. Because sometimes we have to share tasks with our wives in this matter. We focus on making money by working hard and our wife will manage the household including the finances. Because sometimes our wives know more about what needs must be met in the family. Our children's school needs and so on are always better known to our wives.

[Fatunad]

The issue is prevalent and requires coordination with wives. It is acceptable for monthly income data to be disclosed honestly, as it helps wives understand and manage it. However, additional efforts may be needed to address shortcomings. Being truthful allows family heads to communicate the actual circumstances, as the only group they aim to help is their own family, not others. This approach is preferable as it allows for better communication and understanding.

Prioritizing an honest and open attitude towards family is very necessary in a household and in managing family finances. Especially to our wives. Because after all, we and our wives must fight together in everything and we must always solve all problems together. Including financial problems. So of course our wives must also know how money flows in and out of the family. And he also has to know our sources of income if we want our wife to help us manage our finances. Unless we feel capable of managing family finances ourselves. But I think it's a difficult task. Because sometimes we have to share tasks with our wives in this matter. We focus on making money by working hard and our wife will manage the household including the finances. Because sometimes our wives know more about what needs must be met in the family. Our children's school needs and so on are always better known to our wives.

You would really be that to be open with your wife since she's your partner after all or the one you would really be having for the rest of your life on which it is really just that normal that you would really be needing to be open as much as possible and dealing up problems together. Somewhat there are really some individuals on which they do really just tend to solo out the problem and becomes that secretive on whatever things that they are dealing with specially with some husbands or fathers who would really be just loving on taking the problem alone. Yes, its not really that a bad thing considering that we dont really like for our wife's to be that get stressed on whatever problems that the family does have.

Finances is one of the most common problem at all yet we know that there are really that common factors on which do affect the way we do live specially on economic or with some unexpected emergencies
on which it would really be causing that huge effect when it comes to finances on which it would really be just that normal on having that kind of probabilities.
Therefore, if you dont like on struggling out when it comes to finance then having multiple source of income would be always the key, it cant really be just that so easy.

[Ahli38]

Prioritizing an honest and open attitude towards family is very necessary in a household and in managing family finances. Especially to our wives. Because after all, we and our wives must fight together in everything and we must always solve all problems together. Including financial problems. So of course our wives must also know how money flows in and out of the family. And he also has to know our sources of income if we want our wife to help us manage our finances. Unless we feel capable of managing family finances ourselves. But I think it's a difficult task. Because sometimes we have to share tasks with our wives in this matter. We focus on making money by working hard and our wife will manage the household including the finances. Because sometimes our wives know more about what needs must be met in the family. Our children's school needs and so on are always better known to our wives.

You would really be that to be open with your wife since she's your partner after all or the one you would really be having for the rest of your life on which it is really just that normal that you would really be needing to be open as much as possible and dealing up problems together. Somewhat there are really some individuals on which they do really just tend to solo out the problem and becomes that secretive on whatever things that they are dealing with specially with some husbands or fathers who would really be just loving on taking the problem alone. Yes, its not really that a bad thing considering that we dont really like for our wife's to be that get stressed on whatever problems that the family does have.

Finances is one of the most common problem at all yet we know that there are really that common factors on which do affect the way we do live specially on economic or with some unexpected emergencies
on which it would really be causing that huge effect when it comes to finances on which it would really be just that normal on having that kind of probabilities.
Therefore, if you dont like on struggling out when it comes to finance then having multiple source of income would be always the key, it cant really be just that so easy.

But now or nowadays, many young couples choose their own paths even after getting married. Because some couples sometimes both have different careers and both work and earn. So they manage their finances independently. And they just try to work together in raising their children and work together in saving money for their children's future. But apart from that, they seem to have their own paths. And it seems like this is now common. And this makes the position of head of the family sometimes less visible. Well, the point is that sometimes the wife doesn't really think of her husband as the head of the family. Because she feels capable of taking care of everything independently without her husband's help.

[Davian144]

It's not easy, but if we try hard to increase our income, I think it's quite possible to achieve it. It's all just a matter of desire and hard work. If someone really puts in the effort and is consistent, I think it's very possible and also family will certainly be a big motivation because for Everyone making their family happy is a life goal that is always a priority.

It is quite normal and reasonable for everyone to put the goal of their hard work to make their respective families happy because it is not only for their own happiness as well. It will be easier to increase income if one family can look after and support each other in every activity we do, because when a family is so united in working together to make more income. Any hard work will not feel difficult for them if they can consistently support each other.

It cannot be denied that problems in a family are due to financial factors and if we can manage this well then we will minimize the problem, and I think every family has its own way of managing finances.

Likewise in cases like that, where each family member must be open to each other to discuss every problem and try to solve it in a fairly wise way. Because when the problem starts with money, it actually won't be difficult to solve as long as there is clear income through the income from hard work that you discussed earlier. So continuing to support each other in any case will make it easier for each family to solve every problem and increase income for their own family life.

[BabyBandit]

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

Setup a budget before you start to do or buy things and you will be fine, no need to make it complicated.
Don't rush things, if you want something it's okay to buy second hand or save money to buy what you want instead of rush and take a loan with high interest for example.
Always think think before do do.

[boty]

The issue is prevalent and requires coordination with wives. It is acceptable for monthly income data to be disclosed honestly, as it helps wives understand and manage it. However, additional efforts may be needed to address shortcomings. Being truthful allows family heads to communicate the actual circumstances, as the only group they aim to help is their own family, not others. This approach is preferable as it allows for better communication and understanding.

Prioritizing an honest and open attitude towards family is very necessary in a household and in managing family finances. Especially to our wives. Because after all, we and our wives must fight together in everything and we must always solve all problems together. Including financial problems. So of course our wives must also know how money flows in and out of the family. And he also has to know our sources of income if we want our wife to help us manage our finances. Unless we feel capable of managing family finances ourselves. But I think it's a difficult task. Because sometimes we have to share tasks with our wives in this matter. We focus on making money by working hard and our wife will manage the household including the finances. Because sometimes our wives know more about what needs must be met in the family. Our children's school needs and so on are always better known to our wives.

Sharing tasks with our wife will indeed make it easier for us to complete every responsibility within the family. If we were the only ones to solve family problems, this would be very burdensome for us. If we have mutual understanding between husband and wife, of course our family life will be very beautiful even though we have an income that is only enough for our daily needs and for those who have a lot of money, they will not necessarily be able to have a happy family life because they are always busy with their own activities. so it is very rare to be able to gather with their families. It would be very good if the wife managed all the household needs because they already know what their children and their husband need.

[Jody.Drummer]

The issue is prevalent and requires coordination with wives. It is acceptable for monthly income data to be disclosed honestly, as it helps wives understand and manage it. However, additional efforts may be needed to address shortcomings. Being truthful allows family heads to communicate the actual circumstances, as the only group they aim to help is their own family, not others. This approach is preferable as it allows for better communication and understanding.

Prioritizing an honest and open attitude towards family is very necessary in a household and in managing family finances. Especially to our wives. Because after all, we and our wives must fight together in everything and we must always solve all problems together. Including financial problems. So of course our wives must also know how money flows in and out of the family. And he also has to know our sources of income if we want our wife to help us manage our finances. Unless we feel capable of managing family finances ourselves. But I think it's a difficult task. Because sometimes we have to share tasks with our wives in this matter. We focus on making money by working hard and our wife will manage the household including the finances. Because sometimes our wives know more about what needs must be met in the family. Our children's school needs and so on are always better known to our wives.

Sharing tasks with our wife will indeed make it easier for us to complete every responsibility within the family. If we were the only ones to solve family problems, this would be very burdensome for us. If we have mutual understanding between husband and wife, of course our family life will be very beautiful even though we have an income that is only enough for our daily needs and for those who have a lot of money, they will not necessarily be able to have a happy family life because they are always busy with their own activities. so it is very rare to be able to gather with their families. It would be very good if the wife managed all the household needs because they already know what their children and their husband need.

And that's what should happen in every family relationship, whatever happens in the family whether it's pleasure or misery we must be able to live it together because togetherness is what must be prioritized when we already have a family. Families are not as beautiful as we think, as is the fact that happens and indeed some people who are married have also confirmed that there will be tests in the household through several problems that come continuously, so there is the importance of togetherness, as you said by sharing tasks with your wife or husband will make it easier for us to solve various problems, by possibly exchanging solutions or even when finances cannot cover the needs then our wives can also look for part-time jobs. It is indeed less recommended because basically the one who has to provide for the husband but that does not mean it is impossible because only they will feel difficulties if the economy is bad, so maybe it is also a good alternative to increase income, I see that many have also done it.

And if indeed the husband has a good enough job with a large enough yield to provide for his wife and children then as you said the wife's role may be busier in terms of financial management and also home affairs such as preparing everything that is needed by her husband or children in need.

[Dr.Bitcoin_Strange]

There are many people around us, where their income is not enough to manage a family how do you manage your family and economy? There are many people who manage their family very well even though their income is very low in their personal life, how do you manage it?

Some people might be earning little income, and when you look at them, you think they are managing their family affairs perfectly ok, in terms of economy, but when you look closer, you will see that a minority or possibly a majority of those people who are earning little end up with so many debts and loans here and there, which is what is helping them manage their family affairs. The economy is so hard, even if one is planning very well, they can still use their salary to even satisfy all their needs and it will won't be enough. There are too many responsibilities that can make one not even be able to satisfy every need with their little earnings, but there's a little advice to it. As follows; 

If you discover that your salary can no longer satisfy your needs, no matter how well you plan your spending, then plan to look out for other opportunities that earn you extra income.

Also, some people know fully well that their income cannot afford to raise five kids, but they go ahead and bear five children 👶👧👦👶👧. Meanwhile, they would be the ones to complain that they have too much responsibility for what they brought upon themselves.

Some people are greedy in every aspect of their lives. They always want to benefit alone, but they don't want others to benefit from what they themselves are benefiting from. There's a common parable that says, "Teach your brothers how to fish, and don't always give them the fish." If you give people the opportunity or a good idea to make money by themselves, you will save yourself the stress of giving them money all the time. For example, if I have siblings or friends who are old enough to start working and I have the opportunity to help them find a job, I can do that because it will reduce the rate at which they will depend on me for everything. If they are also working and earning, they can even sometimes support family affairs.

If your responsibility is too much and your partner is jobless, then encourage them to get a job, because a parable once said that "two heads are better than one."

[bbigtart]

The issue is prevalent and requires coordination with wives. It is acceptable for monthly income data to be disclosed honestly, as it helps wives understand and manage it. However, additional efforts may be needed to address shortcomings. Being truthful allows family heads to communicate the actual circumstances, as the only group they aim to help is their own family, not others. This approach is preferable as it allows for better communication and understanding.

Managing income in the household of course requires honesty between one another, without honesty and having a high income it is difficult to manage finances well. The wife must be able to carry out good financial management and the husband must be honest in all matters regarding finances. And you should really look for additional income if you want to cover enough for your family.

In essence financial management. Because without good management in financing it will be very dangerous for our money. By having good financial management, we can manage it very well. we keep our money safe. We can only buy useful things without spending our minds on useless things such as cigarettes, drugs and alcoholic drinks. We can choose important items to buy. We can use our money to make investments.

[SOKO-DEKE]

Involving oneself on taking loans just to meet up ones targets ain't advisable when your income is low because you may run into depression when you've incurred so many debts before you receive your income as you may be confused whether to settle your outstanding debts with your income or using to solve the family's basic needs.

Loans are taken for a variety of reasons. Some people take loans to meet their business goals, which I believe is not a bad thing because if a person's business is doing well, he or she will be able to repay the loan without difficulty. However, some people take loans to meet goals that are not as tangible, especially if they are not invested in ways that will generate income. When someone takes a loan and does not use it in any way, even if it has a good source of income to pay the money back, they will not be happy whenever they plan to repay the money. In fact, a loan is not advisable if the case is worse.

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, it is good advice, and it will seriously be a great help if someone doesn't play when they have free time and uses it well for good things. Some people always have free time, but they hardly use it doing good things that will generate them other income. In this hard economy where everything is expensive, especially food items, having a garden with different vegetables will be a great support to the family.

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.

It is the nature of human beings, and I also see it as competition because we want to get what other people get and be ahead of them. If not that, why will a billionaire at 80 still be looking for ways to add more billions of dollars?