How Much Money Do I Need To Earn Every Day?

"How much money do I need to earn every day?"

Have you ever thought of this question? Do you also wonder if you are earning less or more than you need for your daily expenses? Have you considered looking for extra side hustles to have additional income because you are always short of budget for your necessities? Perhaps, you're looking for more sources or streams of earnings because you are the breadwinner of your family and you have many siblings that depend on you. Or you probably just want to earn more because you have a lot of dreams and goals that you want to achieve in life.

All of us, whether we are just ordinary human beings or multi-millionaires and billionaires, have something in common, and that is the three basic needs of a person in order to live and survive.

First is the food that we eat for our bodies to have energy. It doesn't matter if it's meat, fish, vegetables or fruits, or if they are expensive or just the cheap ones, or if they are bought in a restaurant or were just cooked at home. What matters is we have something to put on the table and for our empty stomachs to be filled.

Next is a shelter for us to live on. We need a house for us to have a safe place to sleep every night. It doesn't matter if it's just a small house, a huge mansion, an apartment, or a condominium. What matters is that we have a mattress and a roof on top of our heads.

The last is clothing to cover our bodies. It doesn't matter if it was just bought at a thrift store or they are branded clothes. What matters is we have clothes on.

Aside from these three basic needs, most of us also have to pay other monthly bills and needs, such as electric and water bills, and the internet. Others also have to pay for their tuition fee at school.

All of us usually spend money on these basic needs and these are the reasons why we need to work and earn money every day from our regular jobs and a lot of side hustles. Sometimes, we even have to grind more because we have wants that we also want to acquire. For goal-setters, they have to double their efforts as they have some goals that they want to achieve, such as getting to travel and buying their dream car.

So going back to the question,

"How much money do I need to earn every day?"

I have been thinking about this question since the "adulting stage" has hit me.

Surely, I don't have that many responsibilities in life as I am the youngest child (sometimes feeling like an only child) of my parents so I don't have siblings to look out for once they're already in college. My parents are also hard-working individuals so they can still look out for themselves and provide for their own needs, but of course, I also have to look out for them and help them in any way I can.

Since I am still living with my parents, I don't really have to spend money on food every day. I also have a shelter to live in and I don't need to pay for monthly rent. I have a lot of clothes and I don't buy new ones every month so I don't spend money on clothing anymore.

However, since I'm still a struggling college student, I usually spend money on the bus and jeep fare to attend my classes. I also have to shoulder my own expenses on mobile data, and all of my other expenses in studying.

Basically, most of my expenses are just related to my studies, such as printing of paper works to be submitted and other miscellaneous fees we need to pay.

So going back to the question again, since I don't have that many responsibilities in life yet and I don't have major expenses, I think I only need to earn $5 to $6 every day in order for me to survive and live my everyday life.

However, since I have a lot of goals and dreams that I also want to fulfill in the future, I want to work and do many side hustles to earn as much as I can.

Well, I don't know if this article makes sense but what I'm just trying to imply is that you should know how much you need to earn every day depending on your daily, weekly, or monthly expenses so that you won't be short of budget. If you are earning less, then it's about time to look for additional sources of income. And if you are earning more but still have no savings at all, it's time to reassess how you manage your money.

Cheers and thank you for reading!