How to Improve Your Finances If You Are Part of the Working Poor
The working poor, a demographic comprised of employed individuals and families struggling to meet basic needs, face unique challenges in today's economy. Here are three tips to help those who are struggling to meet their basic financial needs:
- Creating a budget is crucial for understanding income and expenses, which can help identify areas to cut back on spending and allocate money for savings and emergencies.
- Increasing income through additional jobs, side businesses, or leveraging existing assets can help improve many financial situations.
- Additionally, seeking financial assistance from local resources, such as food banks, housing assistance programs, and healthcare clinics, can provide much-needed support.