How can it be possible coping with one source of income

[Casalania]

It would be better if you avoid comparing yourself to others. In my experience, doing so only leads to more stress as you dwell on how others have achieved their success. Instead, focus on yourself and consider taking a part-time job to increase your income. Everyone's situation is unique, and some people are fortunate enough to begin their careers with a decent income, while others are not. Use your current job as a stepping stone towards a better career with a higher income that can provide more for you.

[RockBell]

If you are sticking with one source of income, it is either you would strive for a higher position or higher salary to afford things. Another option is to adjust your expenses for things to be enough given the circumstance of only having a single source of income. But personally, eversince I started working, I never settled with a single stream of income. Well, yes, it is sometimes tiring however if you desire of more things then you should move more. Nothing's easy when it comes in life so better make the adjustment to serve the purpose you always wanted. You could start with learning new set of skills or things which may increase your credentials and/or the things you could offer in order to simply earn more. Again, this is an option if you no longer consider having two sources of income. It aso depends on what would work best for you given that we are living under different circumstances. Some people are okay with one job, and that's just fine. What matters is being able to suffice your daily needs and being able to save up for future nd emergency purposes, even little by little.

Having one source of income means you either have a well paid job or have a high position at work. The current economy of the country doesn't exactly encourage having just one source of income with the fluctuating value of naira and constant increase in prices of commodities, having just one source of income isn't advisable because as you are living in the present, you plan for the future. You can't spend all your earnings at once without having a savings plan and if your current income only provides for your basic necessities, how do you plan on starting a savings plan?.
However, with proper management and priorities one won't need to work two jobs just to meet your responsibilities.

[AmoreJaz]

It would be better if you avoid comparing yourself to others. In my experience, doing so only leads to more stress as you dwell on how others have achieved their success. Instead, focus on yourself and consider taking a part-time job to increase your income. Everyone's situation is unique, and some people are fortunate enough to begin their careers with a decent income, while others are not. Use your current job as a stepping stone towards a better career with a higher income that can provide more for you.

That should be the very first thing to do, don't compare yourself with others because you will go crazy on this part. Focus on yourself, check your earnings vs. your expenditures. How are you living with your daily life? Enumerate your basic expenses. And as much as possible lessen your unnecessary expenses. Once you assess this list, you can now think of where to lessen your expenses. Evaluate what is really needed, maybe some items are just wants and you don't need to buy.

If you only have one source of income, then, maybe it is high time to look for other options like looking for side jobs that you think can help you in your expenses. Otherwise, you need to tighten your budget or look for some activities that you believe you can do to lessen expenses such as -
> if you have small garden - why not plant some vegies so you don't need to buy it from the market
> de-clutter, sell unnecessary items that you think someone would want it
> look for part-time job over the net, just like from upwork.com, you just need internet and your skills here
> offer your services in your community,  in exchange possibly for food supplies
> live simple, be frugal

[Yatsan]

It would be better if you avoid comparing yourself to others. In my experience, doing so only leads to more stress as you dwell on how others have achieved their success. Instead, focus on yourself and consider taking a part-time job to increase your income. Everyone's situation is unique, and some people are fortunate enough to begin their careers with a decent income, while others are not. Use your current job as a stepping stone towards a better career with a higher income that can provide more for you.

I agree with avoiding comparison with how others are doing but in OP's case, he is seeking for a way to be able to pay his bills with only one source of income. First of all, he won't ask such thing if what he's earning is sufficient. There is only one way which is to make changes with his expenses to compensate his bills and to at least have any amount to save.  Ofcourse it would be better to seek for a side job or anything that will make his monthly earning, bigger. It would be the best solution; bigger salary means being able to pay bigger expenses. However, it is not as easy as it sounds 'coz it will depend on his circumstances. There are some instances that no matter an individual wants to add another job, his time just cannot fit another workload. Investments on the ither hand is also not simple to achieve. So I guess adjustment with expenses should be first done to make a margin and it is for later to think of how to increase his earnings.

[Kelward]

Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

The advice to your question is for you to have a budget for your income, plan how you spend your money and if possible let the expenditure to be lower than your income, this is the only way that you can be able to save money. In the case where your income is not even enough to cater for your basic needs, then you need to think outside the box, get a second job or learn a skill, either in digital like in information technology or manual like plumbing, electrical appliances repairs, berbing and the rest. The economic situations in many countries are worsening everyday and average income earners are finding it difficult to make ends meet, every must find legitimate means to increase their income to avoid poverty. As for those that can take care of their needs, you don't know how they're truly making their money, some might have other sources of income that you don't know, so don't envy them.

[Negotiation]

You said it's fine to see some people earning a source of income and paying the bills, but my advice to you is to find more alternative ways of working than the job you are currently working on. Then you can earn from both sides and pay bills easily. Since life is unpredictable, a monthly budget check up is critical to improving your financial health. Set aside some time to schedule organize and cancel all payments from your bank account to regain control of your finances the more control you have the less stressed you will be.

[kryptqnick]

Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

To be honest, I don't usually have a single source of income because I like doing multiple kinds of things and having more financial freedom in knowing that there's no single income source I rely on. However, I do have some experience of living with a single source of income. It can work really well if your income is high, which requires either getting a really great well-paying job, or living in a high-income country where the salaries are just much better. If you can't get a job that pays well, it might be better to have multiple sources of income.

[angrybirdy]

Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

I came from that situation before, so what I did was I listed all my bills and expenses, then little by little I did a cost cutting strategy. I removed all the expenses that were not part of my essentials. I had a hard time at first because I had to save fixed amount monthly just to increase the savings from the salary at work. Like what many people said "just live within your means only" and when you follow that, you won't realize that you're getting used to the strategy you're doing to save more. It will come to a point where you really need to save money, but of course you also need to treat yourself somehow so that you don't burn out from the job you have.

[DeathAngel]

If you have the skills & qualifications required to get a great job then coping with one source of income is not a problem. It’s tough in the modern day but still very possible to get by on a sole income. It might take you a while to find a job good enough to provide enough money but very possible. Maybe you need to explore going back to school to study to make yourself more high demand to potential employers.

[0t3p0t]

Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

Well maybe that people you have seen is having the skills and degree that has a pretty decent or even on a higher tier salary that is why they don't need another source of income. For us who are unlucky to have a degree and skills I think we really need to find a job that is suitable for our qualification but still we can find a decent salary if we are smart enough to offer services or even bother to enroll in vocational course to acquire special skills to get a good paying job for us to survive.

[Ogwejenny]

 it  is very possible to cope with one source in this economy it will be slightly difficult because the inflation has affected the prize  of all product and services but  it all has to do with your ability to manage your income wisely and prioritize according to how important each item on your list is. now here this the trick at the end of every month make list of everything you have in mind to do for that month starting with the most important to the least important one then pick out your needs from  your wants.    

[Rockstarguy]

Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

I think it is possible for one to manage his/ herself with just one source of income.  This can be done just by cutting cost by leaving some certain lifestyle that have the tendency of spending more money.  Having the habit of not spending money on things that are not necessary can help people who have just one source of income to meet up with their important needs. 

For one to be able to cope with just one source of income,  you really need to be conscious how money is being spent on the things you actually need. The reason why some people find it difficult how to manage their money is because they aren't conscious on how they spend their money, they are being controlled by money,  that they can easily spend it on things that are not important whenever money comes their way.

[|MINER|]

Maybe his income is more than yours.  Now if one's income is 500$ his living conditions will definitely be better than the one whose income is 100$. If you are not able to live well with your one source of income then you can think of doing something different with your main job.  You can increase your creativity. Besides, you can do small business. Now the whole world is suffering from financial crisis. So living with a job has become difficult for many.

[Sanitough]

Just do the math, if your income is enough to cover the spending then one source of income is fine but its clear that it isn't so fine something else that pays you more than your current job or just adds side hustle spreads the burden for a while.

Comparing your income and lifestyle with someone of your same income range but a different lifestyle can't really justify your view so better focus on your income and how much that you expect to spend a month along with emergency funds if the income is lower or nil then as I said find something that can bring more money to your pocket.

A lot of workers are just coping with only one source of income. Yes, they still managed to survive but most likely they tend to be more hopeless and helpless many times just to make everything fit in their small income. Whereas if you have side hustles that pay you decent amount, budgeting would not be too tight plus you get to save spare money for future investment plans and for emergency funds. That’s the advantage of not limiting yourself to one single job, although it’s not easy but with right time management, you can still make it successful and productive.

[Hamphser]

Just do the math, if your income is enough to cover the spending then one source of income is fine but its clear that it isn't so fine something else that pays you more than your current job or just adds side hustle spreads the burden for a while.

Comparing your income and lifestyle with someone of your same income range but a different lifestyle can't really justify your view so better focus on your income and how much that you expect to spend a month along with emergency funds if the income is lower or nil then as I said find something that can bring more money to your pocket.

A lot of workers are just coping with only one source of income. Yes, they still managed to survive but most likely they tend to be more hopeless and helpless many times just to make everything fit in their small income. Whereas if you have side hustles that pay you decent amount, budgeting would not be too tight plus you get to save spare money for future investment plans and for emergency funds. That’s the advantage of not limiting yourself to one single job, although it’s not easy but with right time management, you can still make it successful and productive.

Yes they do survive but having that very stressful and tiring kind of life specially when you are really just that working just to pay up the bills and debts just like me in the past on which i do still have that one
source of income on which it is really that too damn hard to sustain specially if you do have a family to feed. There's no way that you could really be able to save up or left something for later
since everything is been eaten out by the expenses on which this is something a very challenging specially if you are the man or husband or father which needs to feed up many mouths
but well it doesnt mean that you would really be just simply give up.

Later on i have tend to look for another job online and it did really get in line with my skills or something that i can do. Its challenging to get your first job but
once you do able to build up your portfolio then series of jobs could really be there. It is really just that hard from the start but you wouldnt really be able to
know unless you do try.

[darkangel11]

I had  a single source of income my whole life, unless you treat a signature campaign as a secondary source, but this makes me so little money that It's barely an income. I wouldn't be able to survive on that even if the only thing I had to buy with it was food.
The main factor here that differentiates between people who can survive on a single income and those who cannot is the country you live in. In most first world countries you can easily make it on a single source of income, just because we have things like minimum wage here and you can't be mistreated by your employer.

[Obim34]

I had  a single source of income my whole life, unless you treat a signature campaign as a secondary source, but this makes me so little money that It's barely an income. I wouldn't be able to survive on that even if the only thing I had to buy with it was food.
The main factor here that differentiates between people who can survive on a single income and those who cannot is the country you live in. In most first world countries you can easily make it on a single source of income, just because we have things like minimum wage here and you can't be mistreated by your employer.

It could be base on your country and as well depending on how luxurious and convenient one would decide to live. Actually from my own country it is not ideal to rely on a single source of income except one is yet not married and only hustling for a single self but those who already have a home needs a good paying job and a business to survive.

[Issa56]

Through out last year I find it hard to get things done with funds despite how my earning was and I find it hard to spend more on my bills around me , though I have been seeing some humans earning and paying bills with one source of income and I do ask myself how is it done

please your advice will be of help

You can be paying your bills and everything will be fine with just one source of income, but depending on the amount of money you are earning and how you plan yourself, some people have multiple sources of income but are still in debt. I don’t really advise having just one source of income, because with the way inflation is hitting hard, having just one source of income is not really a good idea. But if you are being paid well then I don’t have problem with that. But what happens if your source of income gets compromised? How are you going to survive? If you have multiple sources of income, if anything happens to one, you will have another one which you will depend on.

[Captain Corporate]

I agree that "more" money is good for everyone, but one source of income could be enough based on how much you are making. I make decent enough that I am not in big financial trouble, if I had zero debt right now then I would live a very very comfortable life and shouldn't be an issue for me, its fine though there is really nothing that we can do about it. All in all, we are going to end up finding a way to get more comfortable when your single source of income is good enough. I believe that its not about the amount of work that you do, or the amount of sources, but more about how much you are making. Someone who makes 100 dollars in 5 different places still makes less than someone who makes 1000 from a single source.

[Fatunad]

I agree that "more" money is good for everyone, but one source of income could be enough based on how much you are making. I make decent enough that I am not in big financial trouble, if I had zero debt right now then I would live a very very comfortable life and shouldn't be an issue for me, its fine though there is really nothing that we can do about it. All in all, we are going to end up finding a way to get more comfortable when your single source of income is good enough. I believe that its not about the amount of work that you do, or the amount of sources, but more about how much you are making. Someone who makes 100 dollars in 5 different places still makes less than someone who makes 1000 from a single source.

The more the merrier eh? Its normal for us to have those aims and goals because we know that once you do have that money or financial capacity then you could do almost everything on this world.
You could buy the things you do want and you could be able to live up well compared into those who are living on poor condition. This is why we are doing our very best on accumulating as much as possible.
If you do find yourself on a tough situation then what you would gonna do? Of course you would really be finding another job or source of income on which you could depend on.

It is a normal survival instinct on which we would really be finding ways or methods on which it could make us survive on this world where everything do almost increases when it comes
to its price. So it would really be just that a normal approach and mindset that you could really be having on.