Topic: How do you deal with financial stress? - page 7. (Read 2166 times)

You will really feel secured which I want to experience in the future as right now there are still tons of needs to pay and also salary is not enough. Most of us really want to have savings but the problem is that it won't allow us because of our income. Others may say that even a small amount is still savings which is true but still by the end of the month we can still get it because we need money.

When you're already financially stable like you already have extra money after paying bills and buying our needs then that is the time you'll save because you'll be tempted at that time to buy your wants.

While it sounds easy to find a business you think that you can excel easily. Businesses are going to take time until you finally see them run stably and you can count on it as your major source of income. But it all starts to what you know and you're not just going to do a business just because it's profitable based on others testimony but you got to prove it yourself that you know how to run one.

Yes, and that's the cycle for most of the businessmen that do it wrong. They have no background but as a start, it's actually a good one and later on they will find out what suits them right. If it's either being in a business or being in a job where they love what they're doing. And as you choose, you'll recognize that owning a business and having a fruitful investment takes time for them to see results.

I think we should consider increasing our sources of income so that in such a situation we can control our stress. If someone's income is low and expenses are high, inflation is a very difficult situation for that person, and in such a situation, mental stress is a natural process. Whatever the reasons, not everyone can handle financial stress. Very few people cope with such situations consistently. In a country where the economy is weak and the currency is devalued, you can imagine that people in such countries are unable to buy even their daily necessities

Some people cannot cope with such situations despite spending less money. Where can you cut your expenses when you can't even buy two meals a day? I think people who earn less can't even think of spending more in inflation because they are already under pressure. We can give up our desires, but we cannot give up our daily needs.

I have noticed one thing, the more a person has money, the more his spending capacity increases.
I cannot say that having more money is a problem, but I can say If a person has also a decent budget and an average budget, he should be thankful to his God, as we have heard too many times, that in every part of life or every stage of life, we should thank of our God.
Another thing, one should think of is his financial strategies, that is where most of the money goes or is invested, and he should cover that area. In this way, we will take control of his money, and at last, he can store his money, and become stress-free from the pressure of not having money.

It will never end and this condition always repeats itself, after we finished it well 1 month ago, preparations for next month must also be ready. Financial pressure is always there, but if we are good at managing it and work together with our wives, I am sure it will be easy to get through it. Of course, we as husbands must not stand idly by and give up on this condition by trying our best and accepting the condition with grace after we try. whatever the results are or are not there.

Continue to venture yourself with available business that you know you can excel is possible, like what you mentioned
it's difficult to predict if what will happen to the one that you are supporting.

Chances that bankruptcy can happen and you need to move forward and find another business or investment to cover
losses that you got from the previous will give you another opportunity to work it out.

Yeah, one may have hard time adopting the trend of digitalization but it's one way to go. You need to take every opportunity that you think that you can do especially in this age. But being a vlogger or a content creator aren't only opportunities on this age. We've got digital economy and marketplaces where one can take for the jobs that you fit there.

Additionally with the inflation, it makes it harder for the one source of income that we've got to survive. It becomes lesser and lesser and value decreasing. And that additional income of what we're discussing is good to apply at these times through being a remote worker.

Financial stress or distress is real and is something that happens. I'm also a victim of it due to my state of location and traveling. Immediately after the Covid 19, a new world started for some people. Some persons moved from grace to grass depending on different countries that they are located and the impact of covid-19 in that very country.

Whenever one is faced with financial stress due to the increased inflation that is happening globally and weakness of local fiat, what should be done would be to try as much as possible to spend less money. If you keep spending much and earning less when there is still inflation, you will end up being strangled by more financial stresses.

Not only that, but we can also do small-scale farming to fulfill our kitchen needs. I see people focusing too much on supplementary income, I'm not saying that's bad, because it has to be done.

But we should also be able to think about something that is often forgotten. Now I think it's easy to make your own farm using the hydroponic method. If we used to always buy vegetables, then now we have to think about how we can produce our own vegetables without having to buy.

It will be a long process, but as long as it can be done, then never ignore something that can actually be one of the solutions to the current money difficulties.

Thank you, it's trivial that your place of rest is comfortable, because we spend more than half of our day there. I'm hoping we don't face any issues in the near future and everything turns out fine. Hopefully, I'll get a decent job in which I can both support the house and save some money aside.
In my case, I never see Bitcointalk and its signature campaigns, as a burden, quite the opposite, I actually enjoy being here. Certainly, it can be tiring doing something you hate, even if that's a job, a part-time hustle, or generally anything in your life.
This is insane. With that being said, I can guess that your signature campaign earnings are a great source of income that is paying more than the average salary in your country. Personally, my current campaign accounts for 1/3 of an average salary, which is still a decent amount of money.
It definitely isn't the best time to be alive. I'm not sure if times were ever ideal, but I believe that in the past it was easier to afford a more comfortable lifestyle, especially for families. Nowadays, when two people are barely saving any money aside, it's practically impossible to stand on their feet and have children that you can provide for.

I don't believe that there's any sector except IT and technology that are in a better position right now, but both of the two aren't feasible for the average worker. The service section will always need working hands, but it's common to face poor salaries and unpleasant working conditions.

Hoping on a job for monthly payment for survival these days is not guaranteed. Most countries pay below minimum wage and as such one can not depend on their salaries for survival. This makes it difficult for one to meet up with the economic inflation affecting the economy of their various nations. With this, one would need to have other source of income which is otherwise called side hustle to support and add up to what they earn monthly as the case may be. This would help them to meet up with the pressing demand as a result of the economic inflation.

Budgeting too can help one to minimise expenses while living within their budget. This would give one a sense of reason and to be conscious of the economic situation of their nations so as to sit up and face the reality of what is happening. When one puts up a budget, it shows a sign of self discipline which one must abide by to making sure that they achieve their goals.

Of course it is something that is difficult to predict, you cannot guess what will happen to yourself or your family in the future, it is very possible that something will happen in the future and you will not know, the point is you will need money urgently. Therefore, starting from now we must make some preparations to minimize something unexpected that happens in the future, one of which is starting from now you can get used to saving or allocating a little money from your remaining needs for investment wherever you believe.

It is true that not a few now experience bankruptcy in investment, but I will not blame the platfoarm or the company that provides the investment opportunity, I say it's because they just can't make the best planning for their own investment. So the point is that you should be able to find many opportunities to be able to make your finances better, if you don't have good skills in terms of investment then you can look for other opportunities such as business, but well it will go back to yourself about what field you are more skilled in.

Economic and financial conditions are of course increasingly difficult to predict, many types of investments going bankrupt means we cannot depend on one or two types of investments, continuing to look for business and investment opportunities is important for our finances to continue to improve.

Of course, my mate, I also agree that you should take this route for a side job in which you don't have too many problems. It means that you should make this work your hobby, which is in the field of your liking, and the second is that there should not be too much physical labor in it. Only interference should be done in this job that you find equal to your physical strength and happiness. Anyway, side jobs only mean extra work, so why should you take so much effort for it, which will leave your essential work or cause pain for you? Yes, side jobs mean to increase your financial status, but that does not mean that you should choose the jobs that leave you from your essential work or jobs. Which is your main source of income?

I totally agree with your opinion about choosing cryptocurrency as a part-time job because it does not require much physical effort; you can easily do it at home, outside, gathering, etc. without any physical effort. I would like to say one more thing about cryptocurrency: without knowledge and experience in cryptocurrency, it can lead to loss instead of profit. Because the foundation of cryptocurrency is based on volatility, So, you should monitor cryptocurrencies carefully and thoughtfully.

The life that humans live today is very difficult and there are many people who are unable to make ends meet amidst increasingly worsening financial pressures. The steps I take in conditions like this are trying to live as frugally as possible and when it comes to basic needs I prefer to buy raw materials to cook at home and also limit outside activities that can cost money beyond my ability to earn. Not only in Europe, even Asia is also experiencing this impact, the economy is really getting more difficult at the moment and there are many people who have to stop pursuing education because they cannot afford the fees.

The service sector has a much greater survival rate compared to other sectors which have almost the same impact on buyer uncertainty. A prolonged crisis can destroy the economy of countries/individuals and we are really feeling this difficulty now. If next year this condition does not change, I am sure there will be a recession that will be much more severe than now and we hope that this can end this year so as not to make people more difficult.

Everyone will definitely feel the same way as you feel, especially those who have big responsibilities towards their family. The method may be as I said above, that we must try to live simply and not spend too much money on things that are not too important and try to be more frugal in meeting life's needs for now as much as possible.

Money becomes very important when it is scarce, which is why I say that we need to focus on money at the very beginning, to make you feel secure, so that you always have a reserve of cash that will give you that peace of mind. After all, in this case, little will change for you, you will still work, earn money, make plans and achieve your goals, but at the same time you will not need to walk on the edge and worry that you will not have anything to buy food for tomorrow. Once you have savings, you can move forward with peace of mind about your finances.

That small amount can help you with your needs. Just imagine your salary is just enough for bills then you have a side hustle and that is for your daily food. Even if you earn $5 daily as a side hustle or below it can still be used to buy some food to survive on a day. Always be thankful for it because others have dreamed of them having side hustles and even finding them but still they haven't gotten lucky enough to find one.

Side hustles are really important now because of the high prices and because our salary is not enough. I am lucky to have a side hustle which helps us with our food and other needs and our main salary is for bills.

We should be careful in choosing a side job that will not affect anything except that it can help stabilize our economy, because it is impossible for us to do a side job that will affect our physical condition or even affect our main job.
The aim and purpose of working on the side is to help increase income without any effects, and it is true that in Crypto it can really help, we don't need to spend a lot of time and it can be done anywhere without affecting physical health and certainly won't interfere with the main job.

That will certainly be quite helpful and I'm sure everyone wants additional income even though they already have sufficient income from their main job.
Many unexpected things can happen, so we really have to be prepared to face these unexpected things in the future by preparing adequate finances.
Nothing is wasted, it all means a lot.

It is good to know that you have found a nice settlement, you can work ou on the budget since I believe you are a capable person and will be able to find a good addition to your source of income.


The side hustle can only affect us neagtiveif we force ourselves to do the job despite we hate it.  But if we are fond of the things we do in our sid jobs, we will never be affected negatively, we might get tired but we fill accomplished.  If one is having problem with their side job, I believe he must look for another source of income and resign from the side job that is giving him discomfort and negative effect.


$120 to $160 per week is almost a 1 month salary for an underpaid employee in my country.  And these underpaid system is very rampant in a developing country.

~Update~

I've been busy the past two days, but it was for a good cause. We've finally found an apartment to rent in a pleasant condition and in a decent area with its own parking space, solar heated water, two bedrooms, and generally a comfortable place to call home. On the negative side now, it's a little over our budget, but I'm hoping to find a satisfying-paying job soon enough.

Well,  your hustle or side-income responsibilities may sometimes look like a burden, especially if you're tired and stressed. You may not feel bothered to put the necessary effort to fullfil what needs to be done. There are times that I'm not even in the mood to browse the internet, let alone read and reply to posts about complex subjects, such as price speculation, trading etc. I'm not implying that signature campaigns may feel like a burden, but once in a while, you may not be in the mood for anything.
Even the lowest-paying campaign on the forum (due to rank restrictions), for a full member, for instance, will yield an approximate $30 to $40 per week, which is about $120 to $160 per month. Depending on your country, it might be an insignificant amount of money, but it's still a decent boost to your yearly income. Without mentioning higher ranks that can yield up to $800 per month, but that's a different story.