Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,153,533 members, 7,819,914 topics. Date: Tuesday, 07 May 2024 at 06:30 AM

What To Do With Your Income In An Unstable economy - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / What To Do With Your Income In An Unstable economy (524 Views)

Tired Of Being Broke? See How To Earn Passive Income In Nigeria / 6 Sure Ways To Earn Passive Income In Nigeria - Nigerianonlinebusiness / Simple Steps To Develop A Second Source Of Income In Nigeria (2) (3) (4)

(1) (Reply)

What To Do With Your Income In An Unstable economy by boladjo12: 3:00pm On Apr 21, 2020
TL:DR: Monitor all your expenses and tighten your budget where possible, Polish your skills, starting a side hustle to bring in extra income.

In an unstable economy, it can seem difficult to manage your salary. There are possibilities of pay cut or other financial hurdles that can cause budgetary constraints. However, it is still possible to manage your money wisely by maintaining a budget, paying your debts and [url=fundall.io]saving some money[/url].
A basic budget is your income (what you bring in every month) minus expenses (fixed and variable) equals net income (the leftover money from your income).

Monitoring how you spend your money and separating your discretionary expenses from your needs is crucial to surviving and even thriving during an unstable economy. When you separate your needs from your wants, it becomes easier to eliminate your wants and save some money on non-essential things, like those streaming subscriptions. You can even consider [url=fundall.io]investing the money[/url] saved

With Fundall spending tracker, you are able to monitor your expenses, see what you are spending on and budget effectively. If anything is preventing you from pursuing financial freedom, or worse - putting you in debt, reevaluate in the short term until you can find a solution that works for your lifestyle, values, and budget. If you need to transfer money to your friends and family, you can use your Fundall account to transfer so you can save on transfer charges.

Polish your skills, keep your skills and knowledge up to speed by taking advantage of every on-the-job training opportunity. Learn a new skill, and apply for side hustles that can help bring in more income. Having multiple streams of income can really help.
If one income source starts to dwindle, you have other sources to fall back on to help keep you afloat. Diversifying your income doesn't necessarily entail getting a second job.

You can sign up on Fundall via [url=fundall.io]fundall.io[/url]

(1) (Reply)

Professional Copywriters & Content Creator Needed / Struggling With Security Agents To Enter The Bank / Dangote Asks For Assistance

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 7
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.