Six Ways To Survive on Low-Income

With rising costs of food, fuel, and transportation, financial stability is crucial for low-income earners. Experts advise prioritizing savings, even as little as 5-10% of earnings, to prepare for unforeseen expenses. Creating a strict budget for essentials like transportation and bills helps manage expenses. Avoiding debt is essential, as accumulating interest can hinder financial progress. Health should be a priority, as medical costs can deplete savings. Eliminating costly habits like excessive drinking, smoking, gambling, and impulse buying can improve financial well-being. Cutting unnecessary entertainment expenses, such as luxury lodging, dining out, or costly accessories, also helps. Living within one’s means and seeking affordable alternatives can aid financial resilience amid economic challenges.