If you're not a one income family, would you want to be? Would it ever be a reality?
Is it possible to be a one income family?
It's no myth: More couples than ever are relying on two incomes to get by.
According to the Families and Work Institute in New York, 79 percent of today's married couples have both people in the work force, up from 66 percent in 1977.
But at some point, life happens — you start a family, go back to school or face a layoff — and this new reality may force you and your partner to question whether you're ready to jump off of the dual-earner treadmill.
While there are steep odds to overcome, living with only one family income can be done with thorough planning and a willingness to make choices.
I think you can if you know how to budget and shop wisely and be good stewards of your money. Course not everyone is and sometimes tragic things happen to upset that.
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Of course it is! I'm a one income family right now (single mom with 2 kids still at home). Is it easy? Not always, but it can be done.
It is possible but not for every family. There are so many variables . . . is the family willing to be very frugal? Does the breadwinner have a substantial income?
I agree. I think famlies want so much "stuff" these days.
Cable, cell phones, internet, etc.
Quoting NearSeattleMom:
It is possible but not for every family. There are so many variables . . . is the family willing to be very frugal? Does the breadwinner have a substantial income?
We have been one for quite some time now. It isn't easy, but it is totally doable.
Wheel of consequences
- carolina_gal
on Jun. 10, 2011 at 1:52 PM