How We’ve Lived on One Income for 20 Years

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Living on one income isn’t right for every family. It’s a big decision that depends on finances, family dynamics, careers, and more.

Initially, I didn’t plan to be a stay-at-home parent, or a parent at all, for that matter. But, sometimes, life has a way of changing your mind!

Life happened, and we became a one-income family twenty years ago. And since then, we’ve relied primarily on one salary.

Looking back, we don’t regret a thing. But it wasn’t always easy. There were struggles, mistakes, joy, and success along the way. This article will share how we’ve lived on one income all these years.

Taking the leap

Planning is essential with all significant decisions in life. But, unfortunately, we didn’t make a plan for dropping to one income.

It wasn’t a hasty, spur-of-the-moment decision. But, it happened in a few months-and without much financial preparedness. We could pay our bills, but we also knew there wasn’t any wiggle room.