Saving Money Or Increasing Income?

[Debashis]

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?

[Jason]

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.

[Ola]

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.