Please advice me what to do, my expenses is more than my income...
July 7, 2007 7:28am CST
What will you do if your expenses is more than your income. I think this is one delima we have today because prices of basic commodities constantly increases. What to do if you just earned this much but your expenses as a family man is more than our income please advice anyone?
7 Jul 07
There are two ways of achieving breakeven: 1. Reduce expenses by cutting down unnecessary purchases and reduce intake particularly those on which you are extravagant. 2. Increase your income by working hard, taking up additonal work elsewhere and working overtime if expenses cannot be cut down.
• United States
7 Jul 07
Ok here is what you do, you figure out what can be cut like your entertainment. You unnecessary needs. Put yourself on a budget. I know you may not like it, but it will help you get through the difficult periods. Also if you have credit cards, don't use them unless absolutely necessary. Also be aware of your balances on your credit cards. Over the limit fees can kill you. Also pay your credit cards on time if you have them. Between over the limit fees and late fees, you can look at anywhere between 50 to 80 dollars per card. I hope this helps. I wish I could say snap your fingers and everything will be ok but I can't.
7 Jul 07
Im using credit cards for emmergency use only and Im very careful using it, I only used it for some zero interest stuff. The problem I think is the economic side of a country, were living i a third world country and minimum pay here is much much lower to live a discent living