How you fulfil your needs with pension?

[Hasan Raza]

Pension is the amount which is almost 70% of your salary which you receive in service.
I will advise that when the pension is paid,it is better not to below it in the name of satisfying other people's need.Make sure to invest in another business that can yield more income, even if it is online iñvestment,try some things but it could be more risky.

 

[maventiger]

Overtime, those that receive pension do mismanage their pension funds on expenses that cannot yield additional income which leads to their in ability to survive with the fund given as pension. lack of adequate planing and failure to invest plays a major role.

 

[Maliha]

Pension is money that is given to employees after retirement.but the money that is mostly provided to employees are not enough to manage most of the expenses so the better thing is that to make a proper plan for the pension to get most of the benefit from it.

 

[Dubai]

In order for your pension to meet your day to day needs, then the pensioner must learn how to spend wisely. As a pensioner, you have to save from the little you receive in each month and spend money on only what is needed. It is advisable that you know how to cut expenses.

 

[Highflyer]

You can actually take good care of your family using your pension, you invest a good sum of the pension in a business you're guranteed will give you a high ROI, you usetje reatbto pay your bills, retirees should have a good retirement plan too.

 

[Hassan14]

Mostly people have a big family to look after. And have many expenditures like paying bills, look after the guests, festivals etc. How you manage everything in your given pension?

Pensions are very good in our country, so all the expenses are met in a good way. In which gas bill, electricity bill and all the expenses like food etc. are met very easily and in a good way. And we have to run very well so that all the expenses are met in a good way.

 

[Kaindio Agnes Wanja]

For someone who's retired and receiving pension, i believe all of his kids should be old enough that they are able to work, so they should help, otherwise, you will have to go for a strict schedule about how you will be spending money

Pension is always given out after one has retired and at that age most of the children are grown ups and able to work to sustain themselves .
Pension money is used for pensioners just to enjoy themselves at their old age and here they are able to do and ssustain themselves

 

[Damismiling]

You can not rely on one source of income..it is not possible there is no way only pension can sustain you and your house hold expenses, you can invest your pension on a trusted platform either online or offline, trade with it appropriately and with that you get more money

 

[Erik4150]

I believe that one's pension should be able to cater for basic primary human needs such as food shelter and clothing. Your pension funds can handle your bills and expenditures for you if you know how to manage your money.
If you feel your pension is too small then you might consider setting up a small scale business to generate extra income.

 

[WhiteHouse]

Learn about investing, but avoid “free seminars”… be aware of any get rich quick scams, schemes, plans… there is no app that will beat the stock market. If there was you'd not be able to find it as no one would be selling it publically…
Be smart, look at the long term and do not act on fear. There are far to many people that reallocate stock (that means sell it) when they are scared. You buy more when prices are low and you only loose money if you sell. The media does a horrible job reporting “millions” lost when the market drops… learn how to think for yourself and not be a leeming.

 

[Seun4luv]

Take more weeks of vacation. Change your work hours. Spend four seasons in your retirement destination.Make friends who are already retired and doing activities you enjoy. Rekindle old hobbies or start new ones.

 

[Mujahid12]

Mostly people have a big family to look after. And have many expenditures like paying bills, look after the guests, festivals etc. How you manage everything in your given pension?

This depends on how much pension are taking monthly Then according to all the things have to be managed for people whose pension is lot for them all these things easy for them and for those whose pension is not too much there are challenges for them.

 

[Goodday]

Most at times the money the government do give to pensioners are not always enough for them to cater for their own expenses and the expenses of their family. But pensioners can overcome this through savings and Investment as at the time they were in active service.

 

[Snobar Bilal]

If a government person retired and get pension and its pension is very low to meet the needs of house So he could do another job for the fullfillment of their needs and desires. Because sometimes a pension amount is too enough to manage the expenditures.

 

[Richard92]

Some workers after retirement starts a business with their pension salary while others build their residential homes with their pension salary. It all depends on what the retiree wants to do with his pension salaries. Some retiree because of their old age decide just to feed and take care of themselves with their pension salaries.

 

[Goodday]

In my country, generally it is not really possible for a pensioneer to have enough pay that he or she can use and satisfy his or her needs and at the same time satisfying the needs of his or her family especially if the family is large. The most efficient way is to use the pension pay for a business and maybe you can take care of your family and yourself through that business.

 

[Highflyer]

To fulfill your needs with pension, you need to map out a very detailed plan on how to utilize every single penny. Since you're not working anymore, you need to be wise and save a lot of money. You should start a business, it's necessary.

 

[Janita]

It depends on pension's payment that how much they pays because if the person don't have much pension so how can he complete his desires according to requirements.so personally it comes to the payment than we can manage the things by seeing all these things

 

[Tiwa]

If the pension is all you have as cash inflow every month, then draw a board for your basic necessity ,make sure you ration only 70% of your monthly pension on these needs and keep the 30% aside for emergencies.Remember you can barely get loans anymore at pension age and to avoid insult from relatives just do that .
The above is made on the premise that there is no other source of income.
We shouldn't wait to get to this.So let's keep getting our hands busy and also watching our spendings .A habit one cultivate now will impact on the future for sure .

 

[Samuel77]

In my own point of view, some people prefer to invest their pension on real estate, and some people will prefer managing it on their basic need e.g feeding, hospital bill, school, light bill and transport. But as for me I believe it is better to invest than managing it on your basic need