Post
Topic
Board Economics
Re: How do you manage your finances and family if your income is low range?
by
bestcoins1
on 04/11/2023, 14:31:19 UTC
If your income is very low for managing your family, firstly, discuss the situation with your family and let's see what they can help you with. Secondly, planning your daily, weekly, and monthly budget will help you understand what's really necessary and unnecessary. Thirdly, seek another job with better pay. Fourthly, identify your liabilities and get rid of them; if there is any chance they will become assets, then make them. This is not only for low-income families but also for everyone. And all these advices in this thread I found are really valuable; read each of them carefully, and you can definitely make a friendly budget.
What you say is also quite valuable for everyone because every point you describe is quite a useful point for those who are married and have children. Budgeting daily, weekly and monthly money has become an obligation that must be present in every family so that the family can live fairly prosperously. Meanwhile, looking for another job that can help the family's income is an option to support a small income so that it is enough to consume and save to become a valuable asset in life, this asset can also be quite useful for one's children in the future.