11 Sep 2024
Are you trying to manage your life on a low budget so you can save more and send money to Gambia from Ireland to your family? This guide is primarily for Gambians struggling to live in Italy with minimum wage. Almost 21.82% of foreigners, including Gambians, live in Ireland. Most of them are employees working in various sectors of Ireland. Ireland is a developed country, but the cost of living in Ireland is higher than in Gambia, which makes it quite difficult for Gambians to manage their expenses in Ireland.
As a Gambian, you don't need to worry about your low salary because you can manage your expenses by budgeting correctly. Explore the local markets of Ireland and buy low-cost items to save money. Prioritize investing and adopt a low-cost living style. Avoid dining from fancy restaurants and buying branded products. Use public transport and focus on your needs more than your wishes. This article will explore the best way to live a peaceful life with minimum wages.
Ireland is a famous country for Gambians. Living in Ireland with a minimum wage might seem challenging because expats also need to make an instant money transfer from Ireland to Gambia to help their families. In this way, managing expenses becomes quite challenging.
The minimum wage is the lowest salary a working person can earn in a country. According to the updated budget of 2021, the lowest wage for Irish employees is €12.70 per hour. The living rate of a single person in Ireland is $1,087.9. Thus, meeting one's financial needs becomes quite challenging.
As a Gambian, detailed and simplified budgeting is one of the best ways to meet your financial challenges. List all your expenses, even your minor ones, so you can have a rough estimate of your living costs. Always list things according to their significance. Put the essential things like rent, bills, and groceries on top, then add secondary items.
Finding houses in Ireland might seem challenging because of varying rents. Gambians must explore the local areas instead of societies because they offer lower rents. You can also rent an apartment because they are affordable and comfortable. This way, you can save alot of money and live with a lower wage.
As a Gambian, you may need to send money online to Gambia from Ireland to help your family financially. Sending remittances requires higher service charges, heavy taxes, and exchange rates. ACE Money Transfer is an affordable remittance service that allows Gambians to remit money at a low cost while enjoying favorable exchange rates. Also, you can make your first fee-free transaction through ACE to save money.
Whether you live a higher standard or a low-cost life is up to you. If you select local things over brands, you can reduce your living costs by half. Instead of buying groceries from supermarkets, try shopping from local markets because you will find products at cheaper prices. Avoid wasting water and turn off the lights and fans when not needed to lessen your bills.
You should use public transport instead of worrying about having a personal vehicle or renting a car. It is the least expensive and most convenient option. Learn about the routes and maps of the buses and travel where you want. Use public transport to avoid heavy transportation bills.
Investment is one of the best ways to grow your income. Because of Ireland's strong currency, investing in the Gambia is the best way to earn an effortless profit. 1 Euro of Ireland is equal to 76.12 Dalsi. So, look for the cheapest way to send money to Gambia from Ireland to make investments. It will seem like having dual currency while converting into Gambian currency. The investment will benefit you and your family, which is Gambia.
Remember that savings are crucial. No matter how challenging it gets to spend a month on a low budget, always save a little money. Saving money can help you overcome challenging times and secure your financial future.
Learn about: Managing Personal Finances Made Easier for Gambian Overseas Workers
Banks are the best way to manage money because you can pay for all services, bills, and taxes. It eliminates the need to visit the government department to submit taxes. You can make online transactions. Also, you can save money in banks for a longer time. Getting a credit card for your bank account will help you borrow some money from the bank to fulfill your needs, and you can pay back the money in the next month when you get your salary.
Avoid staying static in a particular position and seek ways to get promoted. You can upgrade your job level by learning new and advanced skills. This will increase your income resources and help you progress.
Using your skills to start a small-scale business can also help you maximize your income. You can start a home business by selling products or offering freelancing services.
One effortless way of increasing your income is to make investments. By understanding the need to make investments, you can save a little part of your monthly salary. You can invest in businesses or save that money in savings accounts to enjoy monthly interest
Living in Ireland with a low wage is quite challenging. You can only eliminate your extra expenses and carefully use other resources like water and electricity to reduce bills. Try to find accommodation in the suburbs because living in such areas is affordable. Shop more from local markets and avoid buying expensive and overpriced things from brands. Buy monthly groceries in bulk and avoid dining out at fancy restaurants. If you crave a lot, explore Ireland's local and street food. Save more and keep on learning new skills to improve your monthly income.
In Ireland, you can live your life to the fullest, even with minimum wage. This is because of Ireland's valuable currency. However, you might face many challenges because Ireland's living rate is higher than that of Gambia. You can overcome this issue by adopting a simple lifestyle. A simple lifestyle is always peaceful, and by embracing it, you can make a strong future. Eliminate extra expenses and utilize money only on essentials like groceries, rent, bills, and transportation. In this way, you can save a good amount of money.
Staying stagnant in your work position limits your success. Always stay updated and learn new skills for an upgraded position with an improved salary. Although challenging, constant savings can help you have a secure future. You can also make small investments through an online money transfer from Ireland to Gambia. Try to increase your income by offering freelancing services, and always go for affordable services, even if you are remitting money to overcome financial challenges.
The minimum wage of workers in Ireland is €12.70 per hour. Your salary also depends upon your job type and position in an organization.
You can live in Ireland with maximum wages by adopting a low-cost lifestyle and eliminating extra expenses. Reduce your expenses and avoid spending money on fancy restaurants and shopping malls to save money.
Online remittance services are cheaper methods of sending money to Gambia from Ireland. The cost of different remittance services varies, but ACE Money Transfer is one affordable service that helps Gambians send money home from Ireland.
It depends upon the remitting signature and transaction method. Traditional banks usually take two days, but through apps of remittance services like ACE Money Transfer, you can send money in a few seconds.
Gambian expats can enjoy first-free transactions in Gambia through ACE, get favorable exchange rates, have transparent fee structures, and make multiple and secure transactions.
