Cutting your expenses vs working more to make additional money

[Nomad]

If the money you are making is not enough for you to maintain your life, what would you do, would you cut your expenses or work additional hours to make extra money. If you choose to cut your expenses and if you are just paying for necessities, how would you cut your expenses. If you are already working 10 hours how would you find additional time to work for extra hours, how would you find extra work?

 

[eLdavis]

In my case I will do both, case the truth of that matter no amount of money is ever enough to sort out everything we want to. While I am cutting down my expenses, I will also find some extra source of income.

 

[Springtime]

I will do both. Cutting expenses and at the same time, work hard to earn more money. This is the only way to improve the financial situation.

 

[Trush Jodie]

I would rather work to earn more because trying to cut down expenses might not really work out well.

 

[Augusta]

Working to get more money always work better. you are sure of more money to solve and pick expenses as it comes

 

[Suba]

Cutting your expenses is very necessary, especially to eliminate/reduce less necessary needs, such as secondary needs or tertiary needs, besides that you also need to increase your side hustle.

 

[gwolf666]

It depends on the stage of your life. If you want to generate savings, you should cut expenses at first. Once you have savings, you can work more to earn additional money. But it all depends. It can be temporary, since it doesn't make sense to sacrifice your entire life and all your freedom just for money. Because when will you enjoy it? So, everything has to be in the right measure.

 

[freelancermaria]

I try to reduce my expenses and work more. Life has become harder because of inflation, and I have responsibilities at home, so I need to hustle.

 

[Augusta]

less expense as it would improved cash flow, and competitiveness. When done correctly, cost reduction can also help improve quality and service levels while still maintaining or improving bottom-line results.

 

[Kross]

It is not even possible to reduce costs. Just try and work more so that you would be able to meet up with inflationary trends.