A lemonade vendor spends all of his daily income on his daily expenditure, except for the amount needed to conduct equal business the next day. He wants to start saving for the future. How would you advise him to proceed?

Question

Accepted Answer

Advise the nimbu paani wala on how to start saving for the future.

Encourage him to set a savings goal and create a budget to achieve it.
Suggest he start small by saving a small percentage of his daily income.
Recommend he explore investment options to grow his savings over time.
Remind him to continue setting aside enough money for his daily expenses.
Provide resources or education on financial literacy to help him make informed decisions.

A lemonade vendor spends all of his daily income on his daily expenditure, except for the amount needed to conduct equal business the next day. He wants to start saving for the future. How would you advise him to proceed?

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