How do poor people manage finances?

[Good-Person]

Right now we are facing many different kinds of problems when it comes to finance. There are many poor people who may have a really harder time dealing with their finances. In such kind of scenario where inflation is growing, do you think how hard it would be to manage finances?

 

[Yaqoob Habib]

Right now we are facing many different kinds of problems when it comes to finance. There are many poor people who may have a really harder time dealing with their finances. In such kind of scenario where inflation is growing, do you think how hard it would be to manage finances?

they have to maintain their finances, for that they work very hard and use their finance minimally and only as per the need.But still they have to face many difficulties.Due to increase in inflation they have to suffer a lot of difficulties That is why they have to use finance as per their capacity.

 

[Riberet19]

Yes, right now managing finances is difficult for the vast bulk of the population, so poor people are going to have it even harder, it will be very difficult for these types of people to save even 1 simple dollar a month, and let's not even talk about investment, that is impossible for this type of people, I suppose they won't be able to stick to a budget either, given the circumstances they're in.

 

[Grant]

You have to save what you can, spend only on needs and necessities. It means monitoring your spending, set a weekly, sometimes daily budget.

It isn't easy, but if you're safe with your money, you can make it.