Four Ways How A Teacher Can Attain Financial Security
Over time now teachers have been complaining about earning peanuts as salary. Most teachers complain of the small salary due to the many expenses that most teachers have. From paying basic bills to financing other expenses that are not part of them like Harambee.
As a teacher, you must be wondering how to attain financial security while earning the average salary. Today I have a good answer for you. Financial education is not taught in the school system which means even teachers do not know this area. You have to learn it in real life.
Here are some of the ways to attain financial stability on average salary as a teacher.
1. Proper budgeting
Learn to budge before going to do shopping. Ensure you buy essential things first before proceeding to secondary expenses. Learn to remain disciplined while doing your shopping. Avoid impulse buying.
2. Impulse buying.
Stick to the budget and buy most essential items only while in the supermarket. It is a hard thing for the first time but while time progresses, you will be good at it.
Do not spend all that you earn from your monthly income. As a teacher, learn to save the extra coin that you have. Save with a goal. You can save through Sacco, insurances or in business.
4. Start a side hustle
There is wonder-working power I starting a side hustle. Do not always depend on your earnings from teaching alone, start another side hustle. Side hustles may range from business to part time jobs or even online jobs. Invest in a project that can earn you extra income.
Teachers have ever within their budgets, established a saving plan and started income general projects with their small salaries and have come out as successful people.