People often wonder if it is possible to live successfully on one income. As a stay at home mom, my answer is “YES”. We have been successfully living on one income for over 4 months now. You may recall that several months back we asked for advice from others to find out if we were crazy for considering life on one income. We received a lot of great support from you all, and encouragement that, yes, we could live on one income. And now, 4 months into it, I would definitely agree! It has been a very rewarding experience for me to be at home with our son. His health has improved greatly (he is hardly ever sick now), and he is a much happier child. He also sleeps better, and is much less hyper than before. It’s amazing to see how much he has changed for the better. This alone has made everything worth it.
Also, I wanted to add that living on one income is not as hard as I thought it would be. We are really watching our spending now, using more coupons, and being frugal in almost every way we can. We have also been fortunate to discover lots of freebies and ways to earn extra money along the way, which has given us a nice “cushion” each month and has helped us pay off our debt while living on one income. And this frugality has become a part of life for us now. It has made things simpler and easier. We have met a lot of great people (including lots of frugal and financial bloggers) along to way to inspire us.
So to those of you out there who are considering the possibility of life on one income… It most certainly can be done. And you will be surprised at the rewards you will find in life… not monetary, but in the simple things that you took for granted before.
Good luck to all of you, and thanks for the inspiration!
Can we afford to live on a single income?