How can low earners save money

[cherry123]

They are a lot of low earners out there especially in this era of high level of unemployment. How can they save money for rainy days.

 

[Mikky]

They are a lot of low earners out there especially in this era of high level of unemployment. How can they save money for rainy days.

Saving is really essential because no one knows tomorrow. One can set a percentage on how much he will be saving per income so when he earn low he save low and when he earn high he save high.

 

[AmazingJob]

Save at least 10% of their monthly income and also spend base on how they can afford. Lifestyle should also be low profile.

 

[Carson20t]

The very act that someone has a question is the FIRST STEP IN THE RIGHT DIRECTION,this means there is some action one oughts to take.That action wont come easily,it will require one to be highly disciplined and set goals and objectives.Ussually attach deadlines to the goals.I am saving this amount upto this date in order to use it to purchase this.This will help.One needs to expand their earning portfolio and investment ventures.If this is broaden then it will be easy to have surplus.That means less expences and more income which is a very difficult milestone to achieve.

Just to run a simple outlook on expected earning online every month.To get maximum results one can work on five different sites and each site can earn a minimum of $10 per month.That is $50 for one.Cut down expences and you should be able to save about $15 every month.From that money you can get a $3 towards your emmergency fund and $12 goes towards investments like in stocks,shares,ETFs or other ventures that are secure will give you profits in medium to long term investments.

 

[eldavis]

They can save money by having extra sources of income. A particular source of income can be used to sort out one thing or the other, and knowing their needs form their wants would also help go a long way.

 

[LoukiaCharilaou]

It is very difficult for low earners to save money because they need to cover their daily needs. Maybe they can find some extra sources of income and then they will be able to save some money for a rainy day.

 

[Enxx]

For a low earner to be able to save money, he needs to adjust his spending. Because if he buy all he thinks that he need money for, what he earned will not be enough. So it is better he has plan and budget on his spending for him to have savings .

 

[Starmix]

Yes, let us just ignore the small amount we save then years after when need an amount badly, that's the time we realized our saving accumulates.

 

[Mikky]

That's why it's advised to always save no matter how small, it will be useful later in the future.

 

[Alams]

If you're a low earner, it means that what you're earning is not enough for you daily which means you won't be able to save. Just increase your way of earning, if you're working in one website before, increase to like four or five. Then you will be able to save from what you're earning

 

[Shavkat]

They are a lot of low earners out there especially in this era of high level of unemployment. How can they save money for rainy days.

I think they need to do some part-time jobs. It would be a great help.

 

[Hate2Wait]

We need to save money for rainy days and for that we should have some plans a figure an amount which we like to save and that does help because having a target in mind always helps

 

[flower]

Saving money nowadays is going to be extremely difficult due to high rate of inflation that is ravaging the economics of the country.

 

[Starmix]

There are low earners so aggressive to save from a penny to hundreds. Their reason is the more they feel very poor and miserable without a saving.

 

[cherry123]

Saving money nowadays is going to be extremely difficult due to high rate of inflation that is ravaging the economics of the country.

Exactly it isn't easy as the rate of inflation is really devaluing the rate of money making money lose value.

 

[uptrendfinancialsignal]

Irrespective of the amount of money you are receiving, you can only save when you are disciplined.

 

[SHAHID987]

If we make saving money in our habit then it will remain an habit as when we earn more we save more and when we earn low we save less money.

 

[Starmix]

Saving is good to have something during panic buying. If there's none you can't buy stuff when this scenario arises because you rely only on your salary and borrowing or money.

 

[cherry123]

Irrespective of the amount of money you are receiving, you can only save when you are disciplined.

It's the truth I know it isn't about the money had bit the ability to save for the future.

 

[Magnus2022]

The only thing is to increase their working hours to make more money. Secondly, they need to cut off some expenditure and save more. It may be difficult but it is not unachievable.