Post
Topic
Board Economics
Re: How to thrive with low income in a humble area
by
carlfebz2
on 09/02/2023, 20:16:40 UTC
* Don't forget to spend only a teeny tiny of money on wants, and only buy wants when you have a budget oversupply. Needs first — always.

* Increase your income. Saving can do so much.
Needs should be the priority first, and when you’re done with them, you can try to achieve your wants once you’ve got extra money to spend. But as I’ve said, if you’re struggling with funds, focus on your needs first. However, if you can have other sources of income, that would be a lot better so you can increase your income, reserve for your savings, and mostly you can do as much as you want with your extra money on hand.
Do your best to have this kind of partition.

30% savings
30% food other similar expenses
5% transportation
10% bills
10% rent (if you dont have your own house)
15% Clothing

This is my partition on monthly basis.It depends on how much you do earn though since
we arent living on the same place and not earning on the same numbers.