DR KOKIL AGARWAL
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Financial crisis
There are times when income is very low when compared to the recurrent expenses. This case is far worse in self employed professionals with no fixed income.


How do you cope up with such situations?
harijobs
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I try to compensate with my online work along with my offline job. But when I am in a crisis I will have to sacrifice things in order to save money.
Working Buck
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Well making a budget is good so you would not overspend. Doing something aside from doing online work would also help, and doing this before the crisis strikes is really the key. Saving money even if it is only a small amount every month would really help. but all of these must be done with a lot of discipline too. Me and my wife earn money online but we do not earn that much, I mean it is enough to put food on the table and pay the bills but there are times that we run out of money because of some emergency expenses. It is the reason why we added selling some cosmetic products on top of what we are doing. We save whatever we make from the cosmetic products and only spend the money we earn online, aside from that, we do not spend money on things that we really don't need.
DR KOKIL AGARWAL
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20 COMMENTS
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Working Buck
Well making a budget is good so you would not overspend. Doing something aside from doing online work would also help, and doing this before the crisis strikes is really the key. Saving money even if it is only a small amount every month would really help. but all of these must be done with a lot of discipline too. Me and my wife earn money online but we do not earn that much, I mean it is enough to put food on the table and pay the bills but there are times that we run out of money because of some emergency expenses. It is the reason why we added selling some cosmetic products on top of what we are doing. We save whatever we make from the cosmetic products and only spend the money we earn online, aside from that, we do not spend money on things that we really don't need.

Financial Crisis becomes real severe during times of emergency expenses that need to be incurred. These are the times when the rhythm and flow of life gets disturbed.

I save money every now and then and with every new saving I get a feeling of immense contentment . But the hard fact is I also get really depressed when I have to use my savings so as to cope up with the expenses. This really troubles me a lot.
Working Buck
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23 COMMENTS
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DR KOKIL AGARWAL
Working Buck
Well making a budget is good so you would not overspend. Doing something aside from doing online work would also help, and doing this before the crisis strikes is really the key. Saving money even if it is only a small amount every month would really help. but all of these must be done with a lot of discipline too. Me and my wife earn money online but we do not earn that much, I mean it is enough to put food on the table and pay the bills but there are times that we run out of money because of some emergency expenses. It is the reason why we added selling some cosmetic products on top of what we are doing. We save whatever we make from the cosmetic products and only spend the money we earn online, aside from that, we do not spend money on things that we really don't need.

Financial Crisis becomes real severe during times of emergency expenses that need to be incurred. These are the times when the rhythm and flow of life gets disturbed.

I save money every now and then and with every new saving I get a feeling of immense contentment . But the hard fact is I also get really depressed when I have to use my savings so as to cope up with the expenses. This really troubles me a lot.

Well you aren't alone my friend. I am pretty sure a lot of people out there have experienced these things too just like us. The only key for us is to get out of the zone where we continue to struggle. I mean, if we know that what we earn would just be enough for a few savings and expenses, we must do something about it. Sell something on the side, get out there and leave your comfort zone. Try new things. Remember that what doesn't kill you, makes you stronger, and I do believe you are a strong person. Keep on pushing and do whatever it takes to get out of that zone. Wish you all the best.
Holmes22
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21 COMMENTS
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Making a budget is always something that can never hurt and is a good idea. It is of course a lot easier said than done and I think most people just do not like making the hard choices.
jy76
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6 COMMENTS
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I'd put some money on grocery store cards etc.. In that way, you don't foolishly spend essential funds. Note, in the US, you can get these cards at any drugstore, supermarket etc.. They also have them for gasoline and restaurants.

Note, another way to save money is by using coupons whenever you get the chance. In the US, they're easily available offline and online.