How can it be possible coping with one source of income

[bettercrypto]

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

Having a source of income may depend on what the source of income is so that it can cover all your expenses in a month. Even if you only have one source of income, if, for example, you are an employee and you have a high position in the company and your salary is above the minimum, I think that is fine if the amount of your salary in a month, let's just say, is around 500-600 dollars.

Or if you are not an employee and instead are self-employed and have a micro business in the area where you live, it is also fine if the range of your net income ranges from $500  and above. This is possible as long as you are a strategic person.

[1715147603]

1715147603

[1715147603]

1715147603

[bakasabo]

We live in a crazy world, because it turns that having one source of income is not enough. OP, either your salary is low and good in your country are expensive. Or you should decrease your requests and appetites. I think I am going to open your eyes wide now by saying that many people live on one source of income (salary) only. And somehow they manage to sort things out.

It is hard to suggest or comment on your post, as you have given us little information. We do not know where you live, how much you earn, what are your expenses, what is the financial situation in your country and etc.

[Dr.Osh]

We live in a crazy world, because it turns that having one source of income is not enough. OP, either your salary is low and good in your country are expensive. Or you should decrease your requests and appetites. I think I am going to open your eyes wide now by saying that many people live on one source of income (salary) only. And somehow they manage to sort things out.

It is hard to suggest or comment on your post, as you have given us little information. We do not know where you live, how much you earn, what are your expenses, what is the financial situation in your country and etc.

Yes, it's actually very difficult to only depend on one source of income. I once read a quote that if we only have one source of income, then we can fall if we lose that one source of income.
Perhaps, quite a lot of people still have one source of income, but I think they are also planning to build a business or investment so that they have a source of income elsewhere. In fact, if we only have one source of income, then we need to really study it, it's just that the risks are greater. I also suggest trying to have more than one source of income.

[Miles2006]

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 guess you earn some huge amount that's capable of taking good care of your needs, the help you need right now is learn how to spend wisely, I have experience such before but sometimes we should learn how to work on ourselves as humans. You can always list a plan on how to spend monthly or weekly although this is not so easy but for the fact you hardly settle your bills shows you need an advice. If you feel you need more then you have to settle for more like earn more money in my opinion, I know a lot of people that cannot do without living a luxurious lifestyle so if you're that type you need to limit the habit of spending unnecessary.

[slapper]

Singing about struggling with one income is a worldwide hymn, especially now. Not how much you earn, but how you handle it. Budgeting is your financial sword and shield, not just a term. Track every dime. Though tedious, guess what? Freedom costs

See individuals living on one income and wonder how? They prepare, sacrifice, and prioritize. Discipline, not rocket science, is what it takes. Housing, food, and utilities are prerequisites. You only consider wants afterward. Savings are mandatory; your future self will thank you. And debts? Attack them like they're drowning you; they are

[hyudien]

Yes, it's actually very difficult to only depend on one source of income. I once read a quote that if we only have one source of income, then we can fall if we lose that one source of income.
Perhaps, quite a lot of people still have one source of income, but I think they are also planning to build a business or investment so that they have a source of income elsewhere. In fact, if we only have one source of income, then we need to really study it, it's just that the risks are greater. I also suggest trying to have more than one source of income.

I've heard this somewhere from someone who is running a business, he invited me to do business together with him saying we must have more than one business or the same as having more than one source of income, because the goal is that our lives can still run, and the same is the case with a chair, where the chair has four legs and when one is broken there are still three legs that can still hold it upright, but if only one leg is broken then the chair will fall, just like life. We have to have more than one business so that we don't fall when the other one falls, that's what I'm with and I think it does make sense.

I think of course everyone wants financial freedom, so I think everyone wants their life to be successful including by having assets or businesses that run and grow well. Therefore having more than one income is everyone's dream, because that's one of the financial freedoms that we might want.

[MFahad]

I've heard this somewhere from someone who is running a business, he invited me to do business together with him saying we must have more than one business or the same as having more than one source of income, because the goal is that our lives can still run, and the same is the case with a chair, where the chair has four legs and when one is broken there are still three legs that can still hold it upright, but if only one leg is broken then the chair will fall, just like life. We have to have more than one business so that we don't fall when the other one falls, that's what I'm with and I think it does make sense.

I think of course everyone wants financial freedom, so I think everyone wants their life to be successful including by having assets or businesses that run and grow well. Therefore having more than one income is everyone's dream, because that's one of the financial freedoms that we might want.

Of course, everyone would want to have more than one source of income and have their businesses so that they can have financial freedom and a good life, however, unfortunately, dreams don't always come true and most people in the world aren't able to start a single business because they can't afford to do that. Someone who has a 9 to 5 job and earns an average income can barely be able to save enough money to be able to start a business.
Life is very difficult for a larger part of the world population. There aren't a lot of people that are able to have their businesses and have multiple income sources because most people don't earn enough to be able to do that and they don't inherit enough wealth and resources to be able to become financially independent.

[boyptc]

Live in developing economies and you might have some hard time in doing this. Even those people that are living in the first world countries are complaining how hard it is for them to cope up with the inflation by just having a single income.

Those that don't own houses are paying terribly high rent prices and that's why some young professionals or even adult professionals are choosing to stay into their parents house to save money.

This is how life is right now and it's so hard if you only have one source of income, you're just made to pay for the bills. Sucks.

[Troytech]

It's not a matter of how many income streams you have but how much coming in from them, I can have one income stream and it well exceeds your five income streams. The problem lies around the value of fait depreciating and it make living cost more expensive.

Getting an extra source of income would require more time to attend to, do it's better to have one income stream that is big than having do many income streams that are few.

[poodle63]

Singing about struggling with one income is a worldwide hymn, especially now. Not how much you earn, but how you handle it. Budgeting is your financial sword and shield, not just a term. Track every dime. Though tedious, guess what? Freedom costs

See individuals living on one income and wonder how? They prepare, sacrifice, and prioritize. Discipline, not rocket science, is what it takes. Housing, food, and utilities are prerequisites. You only consider wants afterward. Savings are mandatory; your future self will thank you. And debts? Attack them like they're drowning you; they are

usually the discipline of already planning where the money went really saves the day for many of people like basically paying all the bills whenever the salary comes into our bank account almost immediately will avoid us lacking money to pay the basic bills and we can think about the other thing afterwards.
but we know that there's no such thing that lasts forever same with money planning you will eventually find the cost of paying basic bills increase as the time goes whether its water, energy, even simplest thing like weekly grocery.
thats when you will realize that maybe its the right time to step up our income and do some side hustle, people lives with salary under the minimum salary like many of people out there will definitely find out faster that maybe they should do something with their life and work harder.
never stay in a comfort zone since being in this comfort zone for too long only means that we will not be prepared for problem that will come.

[BD Technical]

Nowadays it has become very difficult for the lower class to live because day by day the price of dream is increasing and day by day their salary is decreasing in that case you are not able to live with just normal salary.  If you notice, you will see that the high school is going normally, the lower classes are not going, those who are middle class are living very hard life.  The food that I bought last month for 10 taka, that food is now 15 taka, 12 taka has increased like this. If one month's product is lost, it increases like this. In this case, what can happen to a normal person, what can happen to a daily wage laborer, where those who buy rice and rice for daily wage earners pay their price.  If he buys it at 60 rupees per kg, then in that case it is half of his normal price.  In the event that he goes to eat, how will he earn his living and everything else?  In that case, the day laborer movement is becoming very difficult and his life is very difficult to earn his money.

[Cryptoprincess101]

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 in this modern day life is really so difficult most times because every of your Bills will be dependent on only that one source and it is even not advisable in the first place to have only one source because if it fails that means your life might be in chaos due to the fact that getting a new job or a new source would be difficult so no matter how little our income is we should try and save some money from it so that we can use it to establish another source or use it as a backup tomorrow if our income generating source fails us.

My advice for you is that not all of your bills you need to settle at every time your income arrives, you need to do an opportunity cost that is giving more value to things you need the most. There are some bills that are of more important than the others so you give then more of priority and forget about those that are of less importance so that it will enable you not to run into debt and save some money as well then after which you might have gotten another source of income, you can now begin taking care of those bills.

[lepbagong]

Many have experienced things like what the op said and no one can avoid the fact, that there are still many who rely on income from one source only, not from additional sources or assistance that may be received. But we can get through it well because everything is adjusted to what we get and not the opposite. All income should be used with details adjusted to income, with details as good as possible, so that factors that are not important can be avoided or eliminated and factors that are too large are adjusted and subtracted from other factors. There is always a way if you really want to adjust your goals to your income, because even a large income won't be enough if you don't properly break down your income and expenses.

[MFahad]

It's not a matter of how many income streams you have but how much coming in from them, I can have one income stream and it well exceeds your five income streams. The problem lies around the value of fait depreciating and it make living cost more expensive.

Getting an extra source of income would require more time to attend to, do it's better to have one income stream that is big than having do many income streams that are few.

Well, an income stream doesn't always have to be time-consuming, I mean I know that any source of income would require some time from you but it doesn't mean that you should have two jobs as your source of income but one can be an investment or maybe a business that you own but it's managed by employees you've hired or anything else that might need less time from you but makes you money.
However, it's not possible for everyone to have such extra income streams or sources which is the reason why most people have to manage their expenses with one source of income whether they earn enough from it or not.

[Republikcoin.com]

It's not a matter of how many income streams you have but how much coming in from them, I can have one income stream and it well exceeds your five income streams. The problem lies around the value of fait depreciating and it make living cost more expensive.

Getting an extra source of income would require more time to attend to, do it's better to have one income stream that is big than having do many income streams that are few.

If you look at it in terms of time and procedures for taking care of it, of course it will be easier to take care of one source of income with a higher level of income than taking care of more work with a small level of income. Because the time that will be used for this will of course be very different and those who take care of more work with less income have actually experienced losses through their time. So I also quite agree with what you say that taking care of one source of income with a greater level of income will be much more effective than doing more work with less income.

[ThePromise]

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 natural for people to be more wise and proper in budgeting money especially if it's just the right income, unlike other people who when their income increases, they also increase their expenses instead of focusing the money on investment and savings. It depends on the situation how you can save even if you only have one source of income, try to be frugal and try the budget planning strategy that writes all bills and expenses in a planner to make it easier for you to manage your salary. it worked for me so try it and maybe it will have an effect on you too. I find it easier to budget now because of the help of that strategy.

[Assface16678]

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 natural for people to be more wise and proper in budgeting money especially if it's just the right income, unlike other people who when their income increases, they also increase their expenses instead of focusing the money on investment and savings. It depends on the situation how you can save even if you only have one source of income, try to be frugal and try the budget planning strategy that writes all bills and expenses in a planner to make it easier for you to manage your salary. it worked for me so try it and maybe it will have an effect on you too. I find it easier to budget now because of the help of that strategy.

Or if one job or source of income is not enough to sustain the expenses especially if you already have a family then there's no tother option than adding one or two more source of income, if you already have a stable job then if you can you can do other things, it can be either using your knowledge or your capability and skills, what I mean is you can start a small business that you're desired or if you can't maintain a business, do part time job wherein it can be your hobbies so picking a part time job that you want is a must and if this still not applicable to you then do investment I'm sure all people has the capability of finding an investment where they can be good at you just have to be resourceful and patiencec on finding one. For me, one stable job is not enough, especially with how the world works now. Inflation is one of the reasons why many families or people struggle in life, so being able to find other sources of income is a great help and relief.

[Xampeuu]

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 natural for people to be more wise and proper in budgeting money especially if it's just the right income, unlike other people who when their income increases, they also increase their expenses instead of focusing the money on investment and savings. It depends on the situation how you can save even if you only have one source of income, try to be frugal and try the budget planning strategy that writes all bills and expenses in a planner to make it easier for you to manage your salary. it worked for me so try it and maybe it will have an effect on you too. I find it easier to budget now because of the help of that strategy.

Therefore we must be able to differentiate between wants and needs. It is natural that our needs will increase along with our income, because humans cannot be separated from desires. but we have to be clever at managing our salary so that we don't suffer in old age. Nowadays many people follow a hedonistic lifestyle, until they end up in debt and end up living miserable lives, before they even reach old age, hopefully this can be a lesson for us

[iamsange]

It's not a matter of how many income streams you have but how much coming in from them, I can have one income stream and it well exceeds your five income streams. The problem lies around the value of fait depreciating and it make living cost more expensive.

Getting an extra source of income would require more time to attend to, do it's better to have one income stream that is big than having do many income streams that are few.

If you look at it in terms of time and procedures for taking care of it, of course it will be easier to take care of one source of income with a higher level of income than taking care of more work with a small level of income. Because the time that will be used for this will of course be very different and those who take care of more work with less income have actually experienced losses through their time. So I also quite agree with what you say that taking care of one source of income with a greater level of income will be much more effective than doing more work with less income.

Of course there's nothing wrong with what you said, but what if one day you become a big entrepreneur? Of course that thinking no longer applies because we have to use other methods to manage business assets. It's not easy to do a lot of work, but people who have a higher standard of living will definitely not survive on just one source of income but will continue to develop.

[slapper]

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 natural for people to be more wise and proper in budgeting money especially if it's just the right income, unlike other people who when their income increases, they also increase their expenses instead of focusing the money on investment and savings. It depends on the situation how you can save even if you only have one source of income, try to be frugal and try the budget planning strategy that writes all bills and expenses in a planner to make it easier for you to manage your salary. it worked for me so try it and maybe it will have an effect on you too. I find it easier to budget now because of the help of that strategy.

Or if one job or source of income is not enough to sustain the expenses especially if you already have a family then there's no tother option than adding one or two more source of income, if you already have a stable job then if you can you can do other things, it can be either using your knowledge or your capability and skills, what I mean is you can start a small business that you're desired or if you can't maintain a business, do part time job wherein it can be your hobbies so picking a part time job that you want is a must and if this still not applicable to you then do investment I'm sure all people has the capability of finding an investment where they can be good at you just have to be resourceful and patiencec on finding one. For me, one stable job is not enough, especially with how the world works now. Inflation is one of the reasons why many families or people struggle in life, so being able to find other sources of income is a great help and relief.

One job? In this economy? You joke, right? Today, inflation laughs at your single salary. Diversification is a lifeline for anyone with a pulse and a paycheck straining to stay up. Side jobs, investments, and part-time work are essential

It's not about seizing every chance. Strategic choices and matching efforts with talents and interests are key. Because if you're going to work yourself to death, why not enjoy it? You can't discover an investment opportunity? Widen your eyes. They wait for someone smart and daring to find and get them. Modern survival requires adaptability or you become obsolete