Increasing Income Better than Reducing Expense

The saving will always happen when the expense is lower than the income. Now if the difference between the income and expense is more, the more saving there will be. Now there is 2 ways to increase this gap, reduce expense ot increase income. Now there is a limit on reducing the expense because there will brsome or the other expense will be there. So you can reduce the expense to some extent itself.

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So the next option is increasing income. I know it's not so easy to increase income but again we have to start somewhere. For example even if you are earning Rs 1K extra per month, that's impressing the income. And that's how you can build. You have to start slowly and steadily and earn continuously every month. And that's how you can earn the money in the side and also you can increase your main income by upskilling. There is no limit on how much you can earn.

And that's why to save more you have to earn more and have same expense. I have started writing on Hive for that itself but somehow I didn't expect Hive to go so low and thus the earning is reduced considerably. So yeah it will happen in any other business too, we just have to continue starting something other than one income and thus when you have multiple income ups and downs will be managed.

It's not that everyone can be able to increase there income, so if you can well and good. If you are not able to do, don't lose hope you will surely do one day but till that time try to reduce the expense and thus try to increase that saving.