How you fulfil your needs with pension?

GIFTMICHAEL

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Those who earns from pension scheme should plan for retirement. Not not just relying solely on pension scheme to earn money full-time, but other investment options should be enrolled into.
 

kayode10

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my major aim is to create multiple streams of income is for myself and my family so that I will not have to depend on government to provide for him in my retirement.
 
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Solutionav

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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?
I don't think pension can satisfy all your need so my advice is that investing part of it will help and also you can think of running a small business in other to get small cash.
 

Nomad

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I do not think a family can survive if only one person is earning in the family. If the entire family is depended on your income, you should encourage others as well to work and earn
 

Bousine123

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Retirees don't have much responsibilities because they are old and most of their kids are grown ups. Only what they cater for Is small.
 

eLdavis

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Personally, I don't know about you guys but to me I feel pension is never enough to fullfil basic needs. I have seen alot of persons on pension in my location and they are seriously struggling just to meet ends meet. I would advice we should all find investment to go in that would create residual income to assist us
 

nimzy

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The only way to fulfill your needs with pension is planning when you are able to plan your schedule with the available pension you earn every month or weekly will definitely helped you out in meeting to your demands or needs.
 

Ruth

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In my country it is practically impossible to meet your daily needs with your pension. Your pension is basically a percentage of what you used to earn and now that the prices of things are inflating daily you definitely need another source of income.
 

Alexandoy

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Those who earns from pension scheme should plan for retirement. Not not just relying solely on pension scheme to earn money full-time, but other investment options should be enrolled into.
I agree with the investment options because I didn't have such plans when I was younger. Now that I am already retired but I am still trying to have enough money for investing in real estate. That is the safest investment that I know. Fortunately more funds will be coming in by next year.
 

Skysaint

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As a pensioner, I don't think it's going to be very easy handling the task you listed above just with only your pension, atleast speaking of my country's kinda pension. So it's always best to make plans ahead of time before getting retired.
 

tyrim88

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Most Pension are just a small token, it is barely enough to take care of a person's need talk more of a family. That is why it is advisable for people in active service to pick interest in any business, so they would have a source of income when they retire.
One of the best thing any active individual can do for himself while in active service is to have some side business on ground.t will afford him the oppourtunity to learn about the business terrian and understand how operations in business works.
 

Kelly5

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You manage it as you would manage yourself when you're under full employment. You don't expect that you live a an extravagant lifestyle when you have so many responsibility on your hands to handle
 

tyrim88

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there has to be a way you will divide the money into different compartment which makes it that a particular money is for a particular expenses and you also have a budget for unforseen circumstances likewise pocket money
Whe it comes to the issue of using pension funds to take care of welfare needs,one need to be very discrete about how the funds are being spent,he needs to priorotise his needs and tackle the one with the most urgent need.
 
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