How can it be possible coping with one source of income

[ajiz138]

Paying bills by relying on just one source of income can still be done as long as expenses are not greater than income. People who have one source of income are more thorough and careful in managing their finances, they try to live a simple life by prioritizing needs over desires. When you find it difficult to cover all your bills even though you have several sources of income because it improves your quality of life due to feeling able to overcome all financial problems with the large income you have every month. When you are not able to manage the economy well, it will be very difficult to manage monthly expenses to cover all your expenses.

If you have only one source of income then one has to "stretch your legs according to the coverlet". If your one source of income is business then one can rely on it, as it's variable and normally increases with time. Those who rely on monthly salary can also live a normal life easily but progressing further in life is a bit difficult for them. It's best to have a second source of income that goes to saving or in long term investment. 

Having many sources of income is a way that many people are looking for, but to be able to have it we certainly have to work even harder. We must use all the abilities we have, one of which is hard work and smart work. Usually people only focus on hard work but they forget that they have other opportunities to earn extra income. One example of smart work is investing.
However, when there are other problems that we have to solve first, I recommend solving them first. We do that to make us more comfortable in investing and not get distracted later. Because not infrequently people who fail in investing are those who still have other problems that have not been resolved.

[bitLeap]

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 solution is to have financial management if you don't do that then every expenditure and income of money will always seem insufficient uncontrolled and feel like  something is missing. working late into the night while getting a salary but running out in the blink of an eye because of the many bills that have to be paid means you need financial management. It depends on how you can manage it yourself, your wife/husband because in  my opinion knowing how much you spend each month will be easy to evaluate if you have recorded management.

[fadhilz123]

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

There is no need to be surprised that most people are able to pay more bills in their own lives every month just by relying on one income. Because such people usually have had more bitter experiences in their lives, such people will usually continue to save money in order to be able to pay off all the important bills for their lives. Although he will also continue to try to find other additional income in the future by not saying anything to many people around him.

Actually, you don't need to look for advice for days like this, because you can easily find out something simple like that yourself through the people you have noticed around you. Just go to the person who you think can settle more bills in a good way and then just ask him how that person settles more bills in his life. Then you listen to all the explanations completely so that everything you are thinking about can be enlightened without any problems.

[meser#]

Its all about management bro. I have seen many people who doesn't have income but they have many credit card and they turn their debts by using all of them. If you look at their situation you may say it can be possible to live like that but after 6 or 9 month you will see them in a debt pit. Or you can see many people live with only one income but they are using their source in a clever way so you can say I'm struggling with one income and how they can manage it. Answer is simple they made many things different than you. Maybe they use their shoes for 4-5 years but yours only for month. Maybe they have a small garden which they produce their vegetable and fruit needed from there. We can only make small guesses from your small paragraph and couldn't able to give proper answers.

If you want to stay stand with one income write your all expenses and find a solutions how you can make it cheaper and make action. But don't forget make it your life better not cheaper except it be  wise

[umbara ardian]

Forget the "one size fits all" when it comes to income streams. It's like choosing pizza toppings – some love the classic pepperoni, others go wild with pineapple. Whether you're chillin' with one steady job or hustlin' multiple gigs, it's all about what works for you. Money's important, but it's not everything. Think about it: would you rather have a fat paycheck and zero free time, or a single income with more hours for hobbies or Netflix binges? Balance is key, homie!

And the options ain't limited to just "job or two jobs." Freelance, side hustles, passive income – there's a whole world out there. Find something that fits your skills and passions, and remember, flexibility is your friend. Sure, one income can cover the basics, but don't let it limit your dreams! Upskill, negotiate, explore – whatever it takes to fuel your travel plans, business ideas, or just a bigger savings account.

[Cityhunter34]

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

Try not to compare yourself with the next person it's not a healthy thing to do, the other person could be earning more than you do but if you both earn the same amount it could be that you have higher expenses to cover. So I suggest you cut down on some unnecessary spending by creating a budget plan, you may not really have time to track your expenses but you should be able to differentiate between your wants and needs and consider setting financial goals by saving a portion of your income regularly. It is unwise to have only one source of income bro.

[Asuspawer09]

It is still going to depend on how you handle your finances, lifestyle, and probably your salary as well. I mean there are really salaries that are not going to be enough for sure if you're just going to maintain one source of income you could probably survive with that, but I would bet that no one here is actually working full-time just to survive, but instead live a kinda luxurious life as well, something where we could probably buy at least what we wanted most of the time not just to buy something that we need.

Personally, here in my country, it is probably going to be difficult if you only have one source of income, I mean depending on your salary if you're on a senior level probably with a salary of about 1000$ it is probably going to be enough at least for the most part with only one source of income, but if you only get minimum wage salary that is going to be difficult to do that, not to mention some other problem, I have a friend that is earning a kinda great salary and only one source of income, the pay was actually good and even compared to my salary it was almost double that but still wasn't enough because he is a breadwinner on their family, he's the only one working that has a decent pay, he's a parent is not working anymore so it's really difficult on his position to still buy things that he really wanted.

[Mao Sama]

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

Basically everyone in this world already has their own sustenance, so we just have to manage the finances. If we find it difficult because the results of income are less than expenses. Then we must be able to manage our expenses not to exceed income. Take the main points that are very important and impossible to postpone, for example from the necessities of life of every human being as an example for food expenses. Do not imitate the lifestyle of others whose income exceeds ours. Because that will only torment ourselves in the end. Learn to live with a frugal pattern that is important everything is fulfilled and does not mean having to torture yourself.

[Claudeake]

Undoubtedly, the level of one's income determines the volume of one's expenditures. Mostly those of the low income earners. However, in all categories of income earners irrespective of whether over sufficient funds, average,or below average, once the items of the expenditure exceed those of the revenue column, same person would experience the worrines atmosphere of those of low income earners.
Therefore, my earnest advice is that, the regular available income should be divided into three parts such as; two third of the income should be earmarked for the upkeep of the family such as feeding, clothing, transportation to office/ others, savings and miscellaneous items. The one third should be earmarked for the payment of bills such as; electricity, medical, airtime, school fees and Cable TV. Again, these should be arranged in accordance to scale of preference as is exhaustive. The rest unattended ones could be attended next time.

[GiftedMAN]

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 solution is to have financial management if you don't do that then every expenditure and income of money will always seem insufficient uncontrolled and feel like  something is missing. working late into the night while getting a salary but running out in the blink of an eye because of the many bills that have to be paid means you need financial management. It depends on how you can manage it yourself, your wife/husband because in  my opinion knowing how much you spend each month will be easy to evaluate if you have recorded management.

Personally I don't think having financial management will help anyone to provide a lasting solution when the finance is lesser than the expenses, financial management only helps you to regulate unnecessary expenses but it doesn't solve your financial problems. If your expenses is greater than your income having financial management won't help you unless you get something better to add to your income you can't get better financially. Financial management helps a person to reduce spending on things that are not really necessary or needed but it doesn't mean you won't pay the necessary bills.

[Mauser]

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's very hard to rely upon one income alone, there won't be much upside potential and we have to do a lot of savings. It's a bit to give you a general answer, but maybe there is some ways to increase your only income. Was there an inflation of your wage, or did you receive a bonus payment for the higher cost? In many countries there were some stimulus cheques and it was possible to get a bonus. Or maybe you work a long time for your boss and ask for a raise? Or what about some paid overtime? You might be lucky and there is some bonus you can get by asking. The other way to get some funds would be to look for a secondary income. Something that helped me a lot to get additional money was to sell old things from my basement. I also asked my family members if I could clean out there basement and we would make 50/50 on all the profits. A few lucky valuable items can make a big difference and help to treat ourselves. For example, I was able to sell some antique furniture from my uncle and good go on a long weekend vacation for that money. It's okay to ask family members for help.

[junder]

It is still going to depend on how you handle your finances, lifestyle, and probably your salary as well. I mean there are really salaries that are not going to be enough for sure if you're just going to maintain one source of income you could probably survive with that, but I would bet that no one here is actually working full-time just to survive, but instead live a kinda luxurious life as well, something where we could probably buy at least what we wanted most of the time not just to buy something that we need.

Personally, here in my country, it is probably going to be difficult if you only have one source of income, I mean depending on your salary if you're on a senior level probably with a salary of about 1000$ it is probably going to be enough at least for the most part with only one source of income, but if you only get minimum wage salary that is going to be difficult to do that, not to mention some other problem, I have a friend that is earning a kinda great salary and only one source of income, the pay was actually good and even compared to my salary it was almost double that but still wasn't enough because he is a breadwinner on their family, he's the only one working that has a decent pay, he's a parent is not working anymore so it's really difficult on his position to still buy things that he really wanted.

That's true, but if our finances are limited and the income is smaller than the expenses then it will be difficult to manage it. I agree with you that it really depends on how we handle our finances, if we can manage our finances well maybe everything will be fine, it also involves a lifestyle which in my opinion must be adjusted to our economic situation, we must be able to reduce our expenses. It's not that important, because there are people who have a large income or earnings but don't pay attention to their expenses, where they think they have a lot of money so they buy whatever they want but don't think or consider first whether what they buy is important or not. Indeed, in my opinion, many people are like that, where they buy what they want, not what they need, and I think many people must feel this when they have quite a lot of money, but in my opinion, this is spending that is not necessary, pampering yourself indeed. It is necessary, but we must be able to balance everything well, including the income generated, especially if we only have one source of income, it must be managed well and neatly.

Even though you have a source of income that may be large, as you say, because in my opinion, with that amount of income, it is already large for me, but in my opinion, people who have a large income also have a high probability that their lifestyle will also be stratified, where they can balance income and lifestyle. Moreover, if they have other responsibilities such as family and children, in my opinion the income they generate should be prioritized towards family and basic needs, where basic needs are one of the requirements for survival. So it all depends on us managing our finances, because of course we definitely have desires, responsibilities such as family or paying this or that bill. So if we can manage our finances well then everything can be fine.

[lizarder]

Personally I don't think having financial management will help anyone to provide a lasting solution when the finance is lesser than the expenses, financial management only helps you to regulate unnecessary expenses but it doesn't solve your financial problems. If your expenses is greater than your income having financial management won't help you unless you get something better to add to your income you can't get better financially. Financial management helps a person to reduce spending on things that are not really necessary or needed but it doesn't mean you won't pay the necessary bills.

Even though it doesn't help in a large capacity, management is important because with management people can manage expenses and make income more stable. If the problem of income is small and expenditure is large, then the steps that must be taken to make someone make money are much greater, so that a balance is created regarding expenditure and income. Financial management is very important because with it we can measure the level of efficiency of spending on a scale and if it is not comparable then there are priorities that need to be made.

In life management is very important, but we are also required to find solutions based on the problems we face, because people who do not have management in living their lives usually do not have preparation. Managing finances is not easy and if people are not able to run it as well as possible then expenses and income will never be stable, which will cause problems in today's economic conditions.

[Strongkored]

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 already have several sources of income but have not been able to settle all the bills properly, it could be that this income is not sufficient for all your living expenses, and it does not rule out the possibility that there is something wrong in managing your finances, where you first use your income for other things it's not that important and only then pay the bill, an example of using income for other things before paying the bill is by frequently shopping using a credit card, it looks easy because the bill will come in the following month where you have to pay otherwise you will pay higher interest the next month and without You realize you have spent more than you can afford so that it is finally difficult to pay other bills, so you have to see if there are things you spend too much on that aren't that important because usually if you already have several sources of income then it should be sufficient.

[Lanatsa]

Paying bills by relying on just one source of income can still be done as long as expenses are not greater than income. People who have one source of income are more thorough and careful in managing their finances, they try to live a simple life by prioritizing needs over desires. When you find it difficult to cover all your bills even though you have several sources of income because it improves your quality of life due to feeling able to overcome all financial problems with the large income you have every month. When you are not able to manage the economy well, it will be very difficult to manage monthly expenses to cover all your expenses.

If you have only one source of income then one has to "stretch your legs according to the coverlet". If your one source of income is business then one can rely on it, as it's variable and normally increases with time. Those who rely on monthly salary can also live a normal life easily but progressing further in life is a bit difficult for them. It's best to have a second source of income that goes to saving or in long term investment. 

Having many sources of income is a way that many people are looking for, but to be able to have it we certainly have to work even harder. We must use all the abilities we have, one of which is hard work and smart work. Usually people only focus on hard work but they forget that they have other opportunities to earn extra income. One example of smart work is investing.
However, when there are other problems that we have to solve first, I recommend solving them first. We do that to make us more comfortable in investing and not get distracted later. Because not infrequently people who fail in investing are those who still have other problems that have not been resolved.

Easy to hear and easy to take up such advises but on the time that you would really be tending to hover yourself on doing such method on way you do have that other source of income. We do know that majority of us would really be having this kind of path but its not simple as it sounds because you would really be needing to considering on having a specific additional skills plus having that capital for you to start a new venture.
We do know that investment or business could really give out that kind of chance or opportunity but its not something that could give out assurance that you would succeed.Although it might not giving some assurance but at least you are making such move or step for the betterment.

It is really just that there are people who doesnt really mind off that much about the future and really just that contented on what they do have now. Yes, its not bad on being contented
but if you do saw that you do have that kind of lacking of funds or earning and wont be enough on your daily needs then it would really be just that right that
you would really be needing for additional income source.

[RockBell]

Its all about management bro. I have seen many people who doesn't have income but they have many credit card and they turn their debts by using all of them. If you look at their situation you may say it can be possible to live like that but after 6 or 9 month you will see them in a debt pit. Or you can see many people live with only one income but they are using their source in a clever way so you can say I'm struggling with one income and how they can manage it. Answer is simple they made many things different than you. Maybe they use their shoes for 4-5 years but yours only for month. Maybe they have a small garden which they produce their vegetable and fruit needed from there. We can only make small guesses from your small paragraph and couldn't able to give proper answers.

If you want to stay stand with one income write your all expenses and find a solutions how you can make it cheaper and make action. But don't forget make it your life better not cheaper except it be  wise

What some people think surprises me is it normal to go and collect about six credit cards, and from the look of things people are not serious with their life, and using all the money in six credit cards shows that the person is not responsible. okay, let's even say they had the cards with them why not start up something from the money from those cards so that the person can start paying gradually and before you know it you are debt-free and also a business owner at the same time?

having multiple sources of income is one of the best things that can happen to anybody because with this economic breakdown, people are not finding everything difficult and the government is not helping, and see the way the government is trying to fight does into bitcoin. Things have changed and a lot of us need to work on ourselves by self-starting from management then the next target is how to hard our hustle so has not to struggle financially.

[icalical]

Well from my experience relying to only one income these days is impossible, at least it's impossible to live comfortably. Even if we make twice of the minimum wage, it still just enough to cover for our basic needs. If you have a main-job you have the option to do a side hustle as a freelancer this will be instant side income, or if you have more time you can build a small business in your spare time, start small so it wouldn't take much of your time.

For me expanding and adding my source of income works better than limiting my expense, because day by day all price keep raising, so I can't really limiting my expense no matter what i do.

[Ryu_Ar1]

We all have our own financial management and sometimes this management is enough to create some situations so that we can manage the pattern of the income we get with the expenses we make .

Doing everything from just one source of income is still very doable if in the end we have a good job and meet the expenses we have and of course there must be arrangements so that the expenses we dont exceed our income.

But sometimes we are too aggressive in the spending that we do which makes everything feel very lacking and it is difficult to balance expenses with income which in the end our source of income seems unable to cover the burden of life that we have.

[sekalitas]

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

Coping with one source of income is possible as long as your expenses are less than your income. However, having a single income source carries the risk of financial instability if that source disappears, such as through a layoff. If you choose to stick with a single income source, it's crucial to:

• Minimize expenses by focusing on essentials and cutting unnecessary spending.
  
• Invest in upskilling yourself to increase your earning potential through promotions or securing new jobs with higher salaries.

Alternatively, consider diversifying your income by exploring side hustles like freelance work or online selling. Choose options that won't drain you excessively.

[shinratensei_]

Well from my experience relying to only one income these days is impossible, at least it's impossible to live comfortably. Even if we make twice of the minimum wage, it still just enough to cover for our basic needs. If you have a main-job you have the option to do a side hustle as a freelancer this will be instant side income, or if you have more time you can build a small business in your spare time, start small so it wouldn't take much of your time.

For me expanding and adding my source of income works better than limiting my expense, because day by day all price keep raising, so I can't really limiting my expense no matter what i do.

agreed, inflation is a real thing, people out there that keep saying to cut expenses by living frugally have no idea than purchasing power plummeted as the day goes.
we should know whether our salary increase each year outweigh the inflation rate or not, its the most important thing, otherwise we gonna be paid less than what we paid last year, not to take it too literally
but its basically the money we receive worth less than what we received last year, therefore sometime its better to take that risk and try to do something different.
we can't just let the inflation eats up our money as the saying goes, step up our game before the game step us down, thats how it is world is competitive.
if we have time upgrading our skills would definitely fare us better in the long term but certainly its not some measly thing to do.

whats most important is finding opportunity, side hustling as you mentioned is also one good thing to increase our income.
but whats more important is stepping up our career securing that good position so we can get security in job and salary.