These people should plan their living based on their income. They can't get into false prestige. They have to keep some percentage of their money for savings and they should plan their expenses from the remaining money only. The saved money only will come to use when they are in a problem. They should take medical insurance policy so that they need not worry about huge medical expenses.
They should not hesitate to take up any job that they will get instead of waiting for a specific job. If there is no job they should go for temporary or daily wage jobs also. In our village, a boy did his B.Tech. His father is having a saloon. No persons were going to the saloon due to COVID. Then this boy started going to the residences of the people and do shaving and cutting there without thinking about his education. After the saloons reopened he started helping his father there. That should be the attitude for all middle-class persons.
Spend less - Save more for the future - Enjoy life with whatever you have - Don't borrow and don't lend.
No life without Sun
- If you have a sufficient amount to invest in a business you may choose as per your affordability.
- Get your Society registered in the office of Sub Registrar Societies and Chits of your city and open a coaching centre for students. Hire teachers of different subjects like Physics, Chemistry, Mathematics, Commerce and English.
- Unnecessary expenditure creates unnecessary problems so, it should be controlled.
Be indian and buy Indian.
K Mohan @ Moga
'Idhuvum Kadandhu Pogum "
Even this challenging situation would ease
Anyway, as regards the financial tips, which are beneficial to everyone in this world I can simply say that spend on routine expenses only to the tune of 50-60% of earning and try to save the rest. One should inculcate saving habits early in life not to repent in later stage. Avoid unnecessary social and other expenditures like most of us do in a pompous marriage function. Respect the money and it will cling to you. All the best.
Knowledge is power.
Believe in the existence of God the super power.