2010 Frugal Living Guide
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7 steps to living on one family income

How to become a one-income family
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How to become 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.


 

 

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