How did you managed life with the higher cost of living with low salaries?
- Thread starter Stardom22
- Start date
I used to spend money on things I did not really need, but now I have cut back. This way, I can manage to cover some of my expenses, even though it is tough most of the time.
This is a very huge problem in my country. The cost of living has increased tremendously. However, salaries of people are not increasing. The best way to deal with this problem is to cut down cost of living. Moving to a poor neighbourhood is something many people in here are doing right now.
If I am in this situation, I will just buy what I really need. Reduce the use of electricity and water. Try my best to find other sources of income.
Make a budget and prioritise your expenses as much as you can.
Cut unnecessary expenses.
Develop some additional source of earnings.
Focus on essential expenses.
Creat emergency fund account.
Save bills like electricity, water , gas by avoiding wastages.
Cut unnecessary expenses.
Develop some additional source of earnings.
Focus on essential expenses.
Creat emergency fund account.
Save bills like electricity, water , gas by avoiding wastages.
When I was earning really low income yet the cost of living was high, I opted for living at home with my parents. Good thing I am still young and single, but I still had to buy most of the things for myself. So I also opted to increase my income by working online.
You just have to keep on with working hard and see how you can adjust your lifestyle to meet up.
