How can it be possible coping with one source of income

[_BlackStar]

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 main principle is not to spend more than your income. This principle requires you to save - of course not regarding primary needs, but secondary needs. You should avoid spending a lot of money on secondary needs so you can save - not necessarily all of it, but try to get primary needs first and use some of the rest for secondary needs.

The most important thing about this principle is how much income you have. If you have $1K to $2K in income from one source - then I don't think you will have a problem. But the problem may be when you only have $200 as a monthly income and you have to fulfill primary and secondary needs simultaneously.

[poodle63]

The main principle is not to spend more than your income. This principle requires you to save - of course not regarding primary needs, but secondary needs. You should avoid spending a lot of money on secondary needs so you can save - not necessarily all of it, but try to get primary needs first and use some of the rest for secondary needs.

The most important thing about this principle is how much income you have. If you have $1K to $2K in income from one source - then I don't think you will have a problem. But the problem may be when you only have $200 as a monthly income and you have to fulfill primary and secondary needs simultaneously.

agreed, so long the income enough to fulfil the basic needs and also there's a little bit left over, its still easy to manage, its only become problematic and hard to cope when the income isn't even enough for food and to put roof above our head then its definitely time to look after some opportunities out there.
after all, even if our income is just enough that should already be a warning that we need to do something to make our income increase whether starting to commercialize our skills and so on.
there's definitely a chance that we can raise our income to another level, but indeed thats not gonna be easy journey albeit many influencers out there saying we just need to do it.
but we all know we can't do it without sufficient capital and knowledge, success is the fruit of hardwork, luck. skills and steel will.

[rojan]

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.

Now a days the situation in the whole world has become very difficult to live a good life with a job. Now people who are doing business can enjoy their life very well. So I think if we can do any small business it is ours.  It can be a good initiative to live a good life. But if one can do business along with the job, many opportunities can be enjoyed.

[Fivestar4everMVP]

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

Do or did you consider the fact that; one source of income also depends on how much you are those persons are earning, so, i think the question is not all about how to coup with one source of income, but how much are you earning or making from that one source of income?

It might interest you to know that, there are some people out there who are doing just one job or working in just one company to make money, and the money they make or earn from that one job can equal to someone else's two, three, four, or even five multiple sources of income.

So, question I wanna ask you is, those ones who have just one source of income and are supposedly living comfortably, how much is their weekly or monthly income?
And how much is your own weekly or monthly income?
If you check it, they might be making more money than you do, which is why they can live well, pay their bills comfortably, while you can't do same, what I did advice you to do is, learn to live within your means, within your ability, and stop trying to live up to the standard of someone else, for they might be earning much more than you do.

[Natsuu]

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.

Yes know yourself first and know what you want in life. Some people want a simple peaceful life and theyre happy with it. I personally want a lot of things so I make sure that my income keeps up. I cannot cut off my expenses just because i dont have much money.  Try to upski if you want to earn more. Think of it like instead of juggling multiple low-paying jobs, focus on leveling up your skills. To cope with life is okay but I hope we all get to live and enjoy

[rodskee]

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

have you evaluate your income and your expenses? maybe because you are living in not so appropriate in your own capacity?
sometimes others are coping with life because they knew how to do a proper budgeting meaning they are only spending
a little part of their income and the remaining is being saved and this is what you must know now since you are already in
crypto world and that is to know how much to spend and how much to save.

[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

have you evaluate your income and your expenses? maybe because you are living in not so appropriate in your own capacity?
sometimes others are coping with life because they knew how to do a proper budgeting meaning they are only spending
a little part of their income and the remaining is being saved and this is what you must know now since you are already in
crypto world and that is to know how much to spend and how much to save.

exactly! there are other people who earn just enough, it will really take a lot of money budgeting to fit in, others save and don't prioritize luxuries because they know that once they spend on things that are not included in their essentials, they will surely break their budget.

[livingfree]

Even if you minimize your spending, you'll still have to find ways in increasing your source of income. I've done that before that I have tried to minimize my expenses but it's not just enough. No matter what I do with the tight budgeting, everything is insufficient.

Things are getting more expensive and that's why you need more money to purchase them. And if you don't have it, you'll have problems with your lifestyle even if you live frugally.

It's hard to have one source of income nowadays, that's for real.

[demonica]

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

If you have a high paying job, it's possible to live in a comfortable life with only one source of income. But if you're receiving an average salary then it'll be hard. Well, kinda still possible if you're living independently with no other expenses aside from yourself. But if you're the other who lives with their family and having to support them really makes it hard to budget the salary and to pay all the bills. It's like your salary is only enough for your living expenses, barely having extra funds for saving and emergency funds.

So the best solution is to find another source if you can or find a different job that would offer you more than what you're currently receiving. If you can't do any of those things, then you'll be stuck with having this financial problem of managing your finances every payday.

[moneystery]

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

it's simple, if you only have 1 source of income and want to maximize it to the fullest, you have to be able to record your expenses and save your money on things that are not important. because from my experience, after i record all my expenses, i can see which things i can reduce or eliminate from my expenses, so that with this i can save more on my expenses and maximize my income for the right things.

[Jatiluhung]

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

Dependent on just one source of income is not easy. Even now it is becoming increasingly difficult after inflation has hit all countries. But small steps can be taken to meet your needs based only on income from one source. Namely by cutting some expenses that are not so important. Or prune what can be pruned. Try to live a frugal life. And it's not easy. Especially if we have many family members who we have to support. So the solution is still only to increase your income from other sources of income such as part-time or freelance work. And all of this is much easier to get on the internet nowadays. Because job vacancies in the physical world are very limited and more difficult. But on the internet, such as on social media, anything can be done as long as we are willing to try much harder than usual.

[bitzizzix]

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

It depends on how much you earn, and I think many people have one income that is enough to meet their needs and also pay other bills. So it depends on how much income you have and how well you manage it, even if it is not enough, they can overcome it by cutting necessary expenses and living as is.
But for now, in my opinion, we have to be smart and independent so that we can consistently overcome everything without shortcomings or mediocrity. By having a side job or additional income, you can live in peace and financial security.

[rojan]

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.

People need money to lead a good life as well as work skills. If a person has work skills he can earn money from anywhere and make a living.But it requires a lot of hard work. We know that if you work hard in the right place, you will get success very quickly. So we have to work hard to be successful. We can live happily and peacefully. The more money we can earn, the more we can live happily and peacefully.

[Bigsharp]

Coping with one source of income is possible depending if you are single and you have a good job that earn you better salary and you can minimize your spending

But coping with one source of income when you are a family man is not possible
Imagine if you are a family man with two kids or more and your wife that is family of 4 you pay your kids school fees you pay water bill electricity bill and all the rest it will be hard to survive with one source of income and  the average family don’t need to have one source of income

Price of things are increasing everyday and one has only one source of income with family of 4 your salary will be from hand to mouth and at times your will always live on debts once you get your salary you pay debts

But if your source of income is from crypto currency I think one can live with one source of income if you a good trader and a good bitcoin holder who know what he or she is doing

[lizarder]

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

If it is said that it is impossible, there are still many people who currently only have one source of income to live their lives, but they can still live their lives even though they feel it is not enough to meet their living needs. If you have a lot of opinions but are still unable to control your finances then there is something wrong because maybe you are not frugal in your life or you are spending a lot of money on something you don't need. Life must be simplified in today's conditions because if we are not able to save whatever money we have it is not enough

If you have a steady income then it is best to use some of that income for investment needs or building a business so you can make money. When you are more productive then you can make more money instead of spending money on something that is not important and if you don't have a life plan then it is feared that you will have more problems when you are not able to make money regularly

[Antotena]

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

We have people that have a single source of income and they are vee comfortable with the amount they earned. What's the catch? The kind of job they do is very lucrative, I know of a software engineer that earns good amount in dollars and when converted to local currency, the money is far bigger than what a software engineer earn here in my country, the sweetest part is that his job is even a remote job where he doesn't have to live his house for work and he has a clean ride, has his own built house from scratch and a wife with a kid and he is still living more than an average person.

What you need to do is to step up your source of income, if you are working in a place where you are been pay little amount of money or you are not been appreciated, it's better you look for another place where they can pay you higher, that's how life works. You need to work on your progress of life, you don't have to stay in one place when you aren't even earning well, look out for other opportunities.

[btc78]

Basic answer: Their salary is high.

I can not tell you advices such as save more or spend less because it all comes down to one’s job salary. You can not compare your salary to others’ salaries because you have different jobs. You could compare your working benefits to other people on your field and decide whether your current job is enough to cover all your expenses.

If it is not then there is only one solution. Find another job that pays higher than your current one or find a second source of income.

If you think your salary is not the problem but your spending habits then you do really have to cut on your expenses. Recording your expenses might also help as well as budgeting ahead of time is also something I find helpful. You can find alternatives to the products you used to buy for cheaper prices. You can find that some cheaper objects have even higher quality

[LogitechMouse]

~
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

It depends on the "source of income" that person has.

If the source of income of that person is through business that gives him 6-digits monthly then it's safe to say that he can cover all of his monthly expenses without any problem at all. On the other hand, if a person's "only" source of income is being an employee who's being paid minimum wage, I see that it's hard to cope with his monthly expenses. I'm just basing on the people around me, and that might not be the case for all employees at all.

I already knew from the start that if I didn't want to be like other people here who work for 8 hours just to survive the day without any savings being kept, I needed to have another source of income aside from the current one that I have. Having 1 source of income only especially if you have a family will not work especially if you are living in a city where prices of everything are more expensive than that in a province. If you want to cope with your monthly expenses, it's either you find another job that pays you higher, or find another source of income aside from the current one that you have.

Don't limit yourself. As long as you can work, do it. I mean we have 24 hours in a single day. Maximize that amount of time, and always be efficient. Of course don't forget yourself.

[AVE5]

Lets assume there is no means for Alt source of income and you have one already, you can still keep life going and paying your bills. The possibilities of your one source of income to cater your bills and still meets up with your other financial responsibilities are
✓ How much you earns
✓ How your income is regulated
✓ How expensive are your bills
✓ What are your desirable expenditures/Your specs
✓ Overview of your financial expenditures
With the above listed being examined and determined, you op knows best of it so, it is expected that your expenses should be considered by determining how much your earning is.
Probably you might be overloading your income above the rate of your profits. So, it is advisable to be financially economical with analytical expenditury if you must meet up with your bills. Don't forget that there are essential bills which are the primary bills to be considered before any other.
You should also be aware that nomatter how huge or how spacious your financial source might be, it would never be seen enough for your bills because the more you earns is the more your bills expands so sometimes, it is not all about having Alt or diverses of earnings but mostly about how you utilizes your earnings.
Someone who has just one Source of income or someone who earns lesser but a utilizer, I mean a responsible spender could be more financial stable and reliable that those of attractive earnings.
So op, examine yourself and your financial status then take a decision to your bills.
Good luck!

[spiker777]

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

It depends on how much you earn, and I think many people have one income that is enough to meet their needs and also pay other bills. So it depends on how much income you have and how well you manage it, even if it is not enough, they can overcome it by cutting necessary expenses and living as is.
But for now, in my opinion, we have to be smart and independent so that we can consistently overcome everything without shortcomings or mediocrity. By having a side job or additional income, you can live in peace and financial security.

That's the point, I've seen people living great lives while just having a 9 to 5 job and no side jobs or extra sources of income. The reason behind that is they earn good enough and their pay range is way above their expenses, so everything is easily manageable with the only source of income they have.
It also depends on how good you are with financial management because there are some people who have high-paying jobs but they are still not able to manage everything with the money they earn and you will always find them struggling with their finances despite having a good income.
So it depends on how much you earn and then how you manage those earnings regardless of having a single or multiple sources of income.