Case 1

Many of us in India, still have one earning head of a family now.

Case 2

Many of us have very little earning from a private company job.

Case 3

Many of us have just a small business to support our family.

Case 4

Many of us are jobless and have to depend on the  allowances given by the earning head of the family.

In all the above cases one thing is very clear, that in all these cases money is not in excess. There is only that much money which would help  to sustain in this competitive world but will not provide in excess. So this is the condition in many families in India. Moreover now in between the pandemic , the scene is much more  serious. Now we have to decide on our priorities and then wisely spend money or else there would be scarcity of money.  So the question arise what to do in this tough situations of life, when we know that our earning is limited but there is no way to increase our income????

Many of us try to do something secondary, in order to earn a little more money. But there are many many people in our country who cannot do another activity to earn some more money.

The reason behind this is that we all do not have so much extra skillset or extra ideas or ideas in excess to increase our income. Sometimes if we want to do something more, we have to invest some money on it, which is another big problem. So what is to be done in such situations??? 

Idea 1

The very first thing that we can do is to cut short our expenses. Now this is very tough to wisely decide which are the most important things that needs money. We have to think and sort out the immediate necessary items and spend money on them. For example, we need food regularly so that is something which requires immediate attention. We cannot do without food so we need to spend money on food. But we have to wisely decide and do a little study on market availabilities of food. like if we buy seasonal vegetables and fruits, they would cost lesser than all kinds of non seasonal ones. So we can buy those items and  do a little saving.  Then medicine is another important item which requires attention. So things like these falls under the top priority list.

Idea 2 

Next thing is the most important thing and that is to save money directly. Suppose if my earning is ten thousand rupees per month and my expenses are about five thousand rupees. Then their are five thousand more left. What we usually do is that spend some money on our favorite items and  after spending about four thousand rupees, we are left with only one thousand rupees which we keep for saving. If our earning is not much then what we should do is that do more savings. 

You can give yourself a treat of on thousand rupees per month but that's it… You have to try saving as much possible because that savings is your future.  That savings is your emergency money.

That savings is your old age support. So saving is really required  when our earning is less. People who earn more should also not spend lavishly. But they have ways to earn the money.

But people who have only a single skill or job to rely upon should do more savings for their own future benefits….!!