My husband and I have been together for over eight years now and we’ve finally welcomed a little baby into our family. Over the years we’ve gone in and out of being a one income family as I was in between jobs or starting a business. Now, with our son in the picture, we will be a (mostly) one income family for a year or more. Below are some tips for helping you transition into a one income family.
TRY IT OUT FIRST (IF YOU CAN)
If you have time before the change, give it a try for a few months. Take the paycheck you’ll be losing and throw it in savings. This will get you used to all the changes you’ll have to make and let you know if you will be able to work it out.