Do you believe in the excuse that a person can't save because their income is inconsistent?

[King Belieal]

I have heard so many people say they can't have savings because their income is not consistent. The excuse seems valid somehow.

But what do you think? Is inconsistent income enough reason for someone not to save for you? Or you think one can still save even with an inconsistent income?

 

[Kera]

One can still save even with an inconsistent income. Your savings might be in bits even in a local box in your room or you may decide to save with a registered company. You might decide to start with small amount of money due to the inconsistency in your income, the choice is yours. Inconsistent income is not enough reason for anyone not to save.

 

[Min George]

Even with an inconsistent income, you can save just $2 every month. It is all about the willingness and not the income.

 

[Springtime]

You can still save even your income is inconsistent. I am a freelancer. My income is inconsistent. Every month, I just put a portion of my monthly income to my bank account. The amount may fluctuate. But it's still savings.

 

[Suba]

While there's some truth to this, inconsistent income makes it difficult for someone to save, especially if their income doesn't cover their basic monthly needs. This makes it difficult for them to create financial plans and manage their expenses because their income is insufficient. However, if inconsistent income exceeds their monthly needs, they have no difficulty saving.

 

[Augusta]

No I don't believe in such. You have to save consistently if you really wants to have money for future use

 

[Trush Jodie]

While there's some truth to this, inconsistent income makes it difficult for someone to save, especially if their income doesn't cover their basic monthly needs. This makes it difficult for them to create financial plans and manage their expenses because their income is insufficient. However, if inconsistent income exceeds their monthly needs, they have no difficulty saving.

It is all about being able to structure themselves with the nature of their income. They should know at which point to save.

 

[Augusta]

Many people make this excuse of being unable to save because of poor take home pay or income generation. Certainly, It is really hard to save, .

 

[Fidelia]

It is a valid excuse not to save but that excuse is not strong enough from my own viewpoint. A determined person would still save.

 

[eLdavis]

I don't really believe this because my income is not consistent, but i still try my best to save what i can when i can.

 

[wisdom01]

Inconsistent income isn't a barrier to saving; it's about prioritizing and adapting financial strategies to make savings happen despite the irregularity.