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Mhizta Yan
Mhizta YanActive Contributor
Asked: September 28, 20232023-09-28T22:05:49+00:00 2023-09-28T22:05:49+00:00In: Money & Business

Any advice to low income earners?

A friend of mine earn 15,000 monthly and the salary is not enough for him for transportation and feeding. Any advice for such person?

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12 Answers

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  1. Redditcat1
    Redditcat1 Active Contributor Digital marketer
    2026-05-06T23:00:16+00:00Added an answer on May 6, 2026 at 11:00 pm

    The only advice I have for low income earner is that they should try and save some percentage of their monthly earning to ensure you have side money which you can fall back to when emergency occurs

    The only advice I have for low income earner is that they should try and save some percentage of their monthly earning to ensure you have side money which you can fall back to when emergency occurs

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  2. Slaky12
    Slaky12 Knowledge Seeker Cryptocurrency Engineering
    2024-06-17T19:37:39+00:00Added an answer on June 17, 2024 at 7:37 pm

    Yes for low-income earners, you need to consider creating a budget to track expenses, prioritize essential needs, and look for ways to increase income, such as taking on a side hustle or upskilling to qualify for higher-paying jobs. Utilize community resources like food banks, thrift stores, and assRead more

    Yes for low-income earners, you need to consider creating a budget to track expenses, prioritize essential needs, and look for ways to increase income, such as taking on a side hustle or upskilling to qualify for higher-paying jobs. Utilize community resources like food banks, thrift stores, and assistance programs. Save money by cutting back on non-essential expenses and comparing prices before making purchases. Building an emergency fund and setting financial goals can also help improve financial stability over time.

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  3. Lens
    Lens Knowledge Seeker
    2024-06-17T13:36:44+00:00Added an answer on June 17, 2024 at 1:36 pm

    I will say that you should not allow a low income define your dreams in any case as You can still achieve greatness in life, but it might just take a little longer. This tells you to Stay focused, stay determined, and stay patient as well. Additionally, you really need to seek out support from frienRead more

    I will say that you should not allow a low income define your dreams in any case as You can still achieve greatness in life, but it might just take a little longer. This tells you to Stay focused, stay determined, and stay patient as well. Additionally, you really need to seek out support from friends, family, and community resources too because we can really lift each other up

     

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  4. uptrendfinancialsignal
    uptrendfinancialsignal Knowledge Seeker
    2024-06-17T13:36:07+00:00Added an answer on June 17, 2024 at 1:36 pm

    Low income doesn't mean low that Yuh have a very low potential. This indicates to you that you need to Invest in yourself, your education, and your skills.That's where the real value lies. here's the thing, you should know that the low income earners are some of the most resourceful people out thereRead more

    Low income doesn’t mean low that Yuh have a very low potential. This indicates to you that you need to Invest in yourself, your education, and your skills.That’s where the real value lies. here’s the thing, you should know that the low income earners are some of the most resourceful people out there. They tend to Use that creativity to find ways to save, invest, and to also build wealth too.

     

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  5. Lens
    Lens Knowledge Seeker
    2024-06-17T13:35:19+00:00Added an answer on June 17, 2024 at 1:35 pm

    Living on a low income requires you to be very resilience and determined. This need you to keep pushing forward and even when it feels impossible, you still continue to try and you will emerge much more stronger than you think Don't forget to take care of your mental health as you go. This is just aRead more

    Living on a low income requires you to be very resilience and determined. This need you to keep pushing forward and even when it feels impossible, you still continue to try and you will emerge much more stronger than you think Don’t forget to take care of your mental health as you go. This is just as important as your financial health as well. You really need to Seek out for resources, talk to someone, and remember you’re not alone too.

     

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  6. uptrendfinancialsignal
    uptrendfinancialsignal Knowledge Seeker
    2024-06-17T13:34:53+00:00Added an answer on June 17, 2024 at 1:34 pm

    If you are living on a low income, it really requires a lot of discipline and patience. Ans that is why you need to Create a budget that will prioritize your needs over your wants, and you should stay very committed to your goals as well. It's a matter of time, You'll surely get through this and comRead more

    If you are living on a low income, it really requires a lot of discipline and patience. Ans that is why you need to Create a budget that will prioritize your needs over your wants, and you should stay very committed to your goals as well. It’s a matter of time, You’ll surely get through this and come out stronger on the other side as well. Don’t let society define your worth for you because You’re more than your income and you’re a unique individual with the right skills and talents.

     

     

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  7. Lens
    Lens Knowledge Seeker
    2024-06-17T13:34:21+00:00Added an answer on June 17, 2024 at 1:34 pm

    I understand the struggle that is actually involved in this . But here's the thing, your income doesn't really define your worth and that is why you need to Focus on building skills, education, and also building a personal growth. That's where you will get the real wealth from. Additionally, Don't bRead more

    I understand the struggle that is actually involved in this . But here’s the thing, your income doesn’t really define your worth and that is why you need to Focus on building skills, education, and also building a personal growth. That’s where you will get the real wealth from. Additionally, Don’t be discouraged and you really to Seek out for the resources like financial assistance programs, scholarships.

     

     

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  8. uptrendfinancialsignal
    uptrendfinancialsignal Knowledge Seeker
    2024-06-17T13:33:56+00:00Added an answer on June 17, 2024 at 1:33 pm

    Liiving on a low income can be a very tough situation, but I will say that you should not worry. The First thing you need to do is to create a budget that works for you, not the one that works against you. You also need to cut all the unnecessary expenses and focus on needs over wants. Also, don't gRead more

    Liiving on a low income can be a very tough situation, but I will say that you should not worry. The First thing you need to do is to create a budget that works for you, not the one that works against you. You also need to cut all the unnecessary expenses and focus on needs over wants. Also, don’t give up Ans keep Looking for the best ways to increase your income too. You can engage in a side hustle or selling items that you no longer need.

     

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  9. Light
    Light Trusted Adviser
    2024-06-17T08:34:58+00:00Added an answer on June 17, 2024 at 8:34 am

    It depends on where you are leaving. Next time you should try and specify the currency. If it's $15 000 for a month that's cool no matter where you find yourself. You can easily save, invest and take care of anything with that. But if you are talking about Naira or its equivalent I feel that's a suiRead more

    It depends on where you are leaving. Next time you should try and specify the currency. If it’s $15 000 for a month that’s cool no matter where you find yourself. You can easily save, invest and take care of anything with that. But if you are talking about Naira or its equivalent I feel that’s a suicide mission. You can’t even feed yourself with that. Probably it’s a part time job because any organization paying that in a month could be wicked or not really giving out any task. Such money can’t even cover your feedings for 30 days of going to work not to talk of tfare. You should change your job or ask to work for part-time with that pay or ask for a raise.

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  10. spencer
    spencer Enlightened Mentor
    2024-04-23T12:00:59+00:00Added an answer on April 23, 2024 at 12:00 pm

    The best way for a low income earner to make money is to learn skills and use your low income to build yourself a buffer and start a business, the biggest disservice you'll do to yourself is to get comfortable with a low income, it will kill all of your ambitions.   There are different ways toRead more

    The best way for a low income earner to make money is to learn skills and use your low income to build yourself a buffer and start a business, the biggest disservice you’ll do to yourself is to get comfortable with a low income, it will kill all of your ambitions.

     

    There are different ways to make money online, you can harness one and learn it as time goes on, you get competent you can quit your job and focus on it long term.

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  11. Rimisha
    Rimisha Knowledge Seeker I am students and I am always eager to expand my knowledge and share it with others.✨
    2023-09-29T09:42:35+00:00Added an answer on September 29, 2023 at 9:42 am

    To manage a limited income, consider these steps: 1) Create a budget to track expenses and prioritize essential needs. 2) Cut unnecessary expenses and find ways to save, like cooking at home. 3) Look for additional sources of income or part-time jobs. 4) Seek community resources for assistance withRead more

    To manage a limited income, consider these steps: 1) Create a budget to track expenses and prioritize essential needs. 2) Cut unnecessary expenses and find ways to save, like cooking at home. 3) Look for additional sources of income or part-time jobs. 4) Seek community resources for assistance with food and transportation.😊

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  12. Mhizta Yan
    Mhizta Yan Active Contributor
    2023-09-28T22:29:24+00:00Added an answer on September 28, 2023 at 10:29 pm

    I think the best advice I can give is that they should focus on covering essential or important expenses such as housing, utilities, groceries, and transportation before allocating funds to less important expenses. They should try as much as possible to cut unnecessary expenses. Finding out about noRead more

    I think the best advice I can give is that they should focus on covering essential or important expenses such as housing, utilities, groceries, and transportation before allocating funds to less important expenses.

    They should try as much as possible to cut unnecessary expenses. Finding out about non-essential expenses and how to cut or reduce them. It might be dining out less or canceling unused subscriptions.

    Even on be a low income, try to save a small amount regularly in an emergency fund because it will help to deal with unexpected expenses without going into debt.

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