5. Ignoring the idea of increasing income
Many people just focus on reducing expenses. But there is a limit to reducing expenses. Increasing your income is the real solution to long-term financial security. Learning new skills, exploring side income opportunities, and discussing financial matters openly with the family are all small steps toward financial stability.
The financial problems of middle-class families are often the result of small decisions. By adopting these five steps – prioritizing savings, investing, maintaining EMI balance, taking insurance and focusing on increasing income – you can ensure a financially secure and stable future.