Managing your income is a very difficult job because you have to spend your money in this way that you could be able to meet all your necessary requirements and to satisfy many other wants. Saving money for any emergency expenses such as medical or any other accidental expenses are very much important. After making budget for necessary requirements you have to arrange money and save money in respect of taxes, which are essential to pay according to your income and expenditures. The taxes which you pay are ultimately contributing in running of state affairs and the funds which government incurred for the public development are come from these taxes which are paid by the people of the country.

It is very difficult when you are earning very low income, and you have to pay your taxes also regularly. Governments of different countries offer different types of relaxations in tax programs for the families who are earning low income. Keeping your expenses control and according to the income is not an easy job and after doing all the expenses you have to save some money for different purposes not only for the taxes.  You have to arrange some money for any emergency expenses, for payment of insurance premium, for replacing your home furniture with new one, or other expenses saving money for all these types of expenses after meeting the expenses of daily and necessary requirements is very difficult.

Paying taxes is must  and duty as a citizen so if you are earning very low income never mind you have to plan your money in this way that you become able to pay tax and take advantages of the different programs which government offers in respect of payment of taxes. To plan your money it is very important to make your budget according to your income and keep the record of your earnings and expenses this would help you in different ways, and you do not have need to remember all things you just take your note book or register in which you are recording your earnings and expenses and audit whenever you need but it is recommended that you do it quarterly.