I love talking about how to live on one income! Austin and I have lived off of one income for most of the years of our marriage, either by choice, because one of us was sick, or because one of us was in school.
Right now, he works full time and I’m technically a full time blogger, though my income varies greatly and wouldn’t usually be considered a “full-time income”.
It can feel impossible to live off of one income if you’re used to two, but it’s absolutely possible. The benefits really need to outweigh the sacrifices that you’ll probably make (like driving older cars, spending less on fun stuff, and maybe needing to live in a less expensive location).
If you’re not sure how to get started with a budget, this is the fastest way to create your first budget.
I found these great youtube videos that lay out some helpful tips for living on one income. Some of the tips are mentioned in a few of the videos, which probably means they’re super important. It’s also interesting to hear different perspectives from different families and how they make it work.
How to Live on One Income
This next one shares their actual real life budget! ⇓
The video below shows some tips for budgeting as a single parent ⇓
Do you live off of a single income? What are your tips?
Free Customizable Budget & Spending Tracker Spreadsheet
Stress less about your finances today with the spreadsheet I use each month to create our budget and track our spending!