Post
Topic
Board Economics
Re: How do you manage your finances and family if your income is low range?
by
BitDane
on 05/10/2023, 19:35:58 UTC
There are many people around us, where their income is not enough to manage a family how do you manage your family and economy? There are many people who manage their family very well even though their income is very low in their personal life, how do you manage it?


If the incoming fund does not suffice to meet the basic needs of 3x meal a day, then the family need to adjust by reducing the meal, or the provider looking for an additional source of income.  Very low does not necessarily means it is not enough for the basic needs.  These families manage well because they do plans and budgeting in order to make their income fit the budget.  The family is probably does not engage in extra spending and mostly each penny in their hands is smartly budgeted and allocate to needs.