Post
Topic
Board Economics
Re: Try to save money while you still can, will you ?
by
nimogsm
on 22/03/2023, 13:17:40 UTC

Saving money is very important while you are still working because of things like this we might not see coming.  We have seen situations like this severely and it becomes difficult to cope when you no longer have monthly or weekly earnings coming in and you didn't have any savings. there is this popular rule, 50/30/20 rule so you can have something to fall back on while you search for another job.

Saving money becomes a problem when you earn as much as you have to pay for necessary expenses (clothing, food, shelter, medicine). Most of the population, unfortunately, lives from paycheck to paycheck. Here is how to save any amount of money in this case...
It's true that many people live like this.The only option is to cut costs even more and look for an additional source of income or a part-time job to break out of this circle.The most important thing in this situation is not to seek a miracle or help from someone but it is important to rely only on yourself.