Comments on: How to Make Living on One Income Work http://financialhighway.com/how-to-make-living-on-one-income-work/ A personal finance blog discussing investments, savings, insurance and financial planning ideas to grow wealth Wed, 10 Mar 2010 19:16:58 -0500 http://wordpress.org/?v=2.9.2 hourly 1 By: Monique Rowe http://financialhighway.com/how-to-make-living-on-one-income-work/comment-page-1/#comment-1728 Monique Rowe Wed, 04 Nov 2009 05:02:32 +0000 http://financialhighway.com/?p=2901#comment-1728 It takes making some sacrifices. I wrote a book on other one income families and their short stories on how they live on one income. I do it too- it's tough but with some balancing, can be done. It takes making some sacrifices. I wrote a book on other one income families and their short stories on how they live on one income. I do it too- it’s tough but with some balancing, can be done.

]]> By: Jack @ Master Your Card http://financialhighway.com/how-to-make-living-on-one-income-work/comment-page-1/#comment-1228 Jack @ Master Your Card Wed, 23 Sep 2009 17:47:09 +0000 http://financialhighway.com/?p=2901#comment-1228 I think your suggestion to research frugal alternatives is also a good one, a measure that is often overlooked. There's a frugal alternative to just about everything - it just takes some digging. I think your suggestion to research frugal alternatives is also a good one, a measure that is often overlooked. There’s a frugal alternative to just about everything – it just takes some digging.

]]> By: Kyle http://financialhighway.com/how-to-make-living-on-one-income-work/comment-page-1/#comment-1221 Kyle Wed, 23 Sep 2009 12:42:52 +0000 http://financialhighway.com/?p=2901#comment-1221 You left off "Make More Money" If you can increase the single income you can make the transition more bearable. Additionally you need to take into account a decrease in expenses like child care, gas, and vehicle maintenance. Either way the best course of action is to do the trial run and see how it works out. You left off “Make More Money” If you can increase the single income you can make the transition more bearable. Additionally you need to take into account a decrease in expenses like child care, gas, and vehicle maintenance. Either way the best course of action is to do the trial run and see how it works out.

]]> By: Patricia http://financialhighway.com/how-to-make-living-on-one-income-work/comment-page-1/#comment-1220 Patricia Wed, 23 Sep 2009 12:00:47 +0000 http://financialhighway.com/?p=2901#comment-1220 We lived on one income for many years. We gave up having a car for the first 10 years we were married. We live in a large city with good public transportation so we opted for monthly passes for public transit. For vacations we rented a car for a week which was a much cheaper option than owning. When we did finally buy a car it was used and we paid cash for it. We have always adopted the philosophy that we will just have to make this work and make it work we did. A positive attitude is a prerequisite, if you consider it a hardship then I don't think you can live on one salary. You also have to be prepared for delayed gratification. We lived on one income for many years. We gave up having a car for the first 10 years we were married. We live in a large city with good public transportation so we opted for monthly passes for public transit. For vacations we rented a car for a week which was a much cheaper option than owning. When we did finally buy a car it was used and we paid cash for it.
We have always adopted the philosophy that we will just have to make this work and make it work we did. A positive attitude is a prerequisite, if you consider it a hardship then I don’t think you can live on one salary. You also have to be prepared for delayed gratification.

]]> By: Curt http://financialhighway.com/how-to-make-living-on-one-income-work/comment-page-1/#comment-1212 Curt Tue, 22 Sep 2009 17:59:40 +0000 http://financialhighway.com/?p=2901#comment-1212 I like the trial run idea. That sounds like a prototype to me, which means you will have the opportunity to change the things that didn't work out. I like the trial run idea. That sounds like a prototype to me, which means you will have the opportunity to change the things that didn’t work out.

]]> By: Craig http://financialhighway.com/how-to-make-living-on-one-income-work/comment-page-1/#comment-1211 Craig Tue, 22 Sep 2009 15:48:32 +0000 http://financialhighway.com/?p=2901#comment-1211 It is definitely possible but also depends on that one salary and where you live. Because it is very difficult these days, even 2 incomes is tough to get by on in these days. It is definitely possible but also depends on that one salary and where you live. Because it is very difficult these days, even 2 incomes is tough to get by on in these days.

]]> By: MLR http://financialhighway.com/how-to-make-living-on-one-income-work/comment-page-1/#comment-1210 MLR Tue, 22 Sep 2009 14:41:26 +0000 http://financialhighway.com/?p=2901#comment-1210 I'm a fan of the last one: The "trial run." What better way to assess your capability than to actually do it? If you fail, it's ok since you have the 2nd income there anyways. But it will really open your eyes. I’m a fan of the last one: The “trial run.”

What better way to assess your capability than to actually do it? If you fail, it’s ok since you have the 2nd income there anyways. But it will really open your eyes.

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