That’s timely as the bitcoin price is lower and opportunity for small investors is bigger, if only they follow such advices to help them to priorities investment. This three tips can be a life changer for regular employee who struggle to survive in our country. Spending beyond what we need and just what we wanted to, is one reason we can’t save. This attitude should change.
advice will be advice, and every people are good or better in giving advice, but lets put the shoe out of them and replace by some others!
advice is good but do we really getting better with that? if they are not getting on the milestones that we are having through?a
Its easy to say but it is hard to do.
In reality, 80% of the population knows about savings, about investment and about how to divide their money according to their needs but why there is always lack of financial stability?
Practically speaking, our monthly income specially in a developing country is not enough to sustain our daily needs. For example: in my country, the basic salary for a teacher is just $400 every month. I will divide my daily cost for a month.
1. $30 - electric bill
2. $20 - water bill
3. $200 - food
4. $40 - transportation
5. $50 - food supplements for my mother
6. $10 - rent of house
Equivalent to $350
That is the exact amount I paid every month and all of them are my family's daily expenses. Only $50 left in my salary not included my tax and insurance. See? How do I save if my monthly salary is just exact to provide my family needs?
Probably, we cannot make a savings if our salary is not enough to our needs. But still, I always save even 1 dollar only per month. That's my case, how about the people who are unemployed or does not have regular job?
P.S. all of the value I gave is converted in the currency of my country.
Yes I agree with you on this. Saving depends on how much money you earn. If your money is not enough for all the expenses per month, how can you save? If your salary or business earns just enough to pay the bills and for your daily needs, you cant save. You cant starve your self to death just to save. However, there are money saving tips that you can follow so you can lower down that electric bill, water bill, food and transportation.