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+--- Forum: Saving Money (https://investmentforums.net/forumdisplay.php?fid=25)
+--- Thread: Saving Money Or Increasing Income? (/showthread.php?tid=337)
Saving Money Or Increasing Income? - Debashis - 10-14-2023
Do you think saving money is more important for achieving financial stability?
Or is it better to focus on increasing your income to secure your financial future?
RE: Saving Money Or Increasing Income? - Jason - 10-20-2023
I think a mix between the two would be wise. I would gradually increase my income while saving at the same time. That sounds like the wisest choice.
For instance, in my case, I am getting certifications in math and science tutoring and saving would be a good idea, but honestly, it's incredibly tough to save cause I have to support a family.
RE: Saving Money Or Increasing Income? - Ola - 06-08-2024
Increasing income offers more financial growth and opportunities, but saving money builds a safety net and financial discipline. Ideally, do both: boost income for more resources and save wisely for stability and future goals. Balancing the two ensures financial health and resilience.