Living on One Income: How to Make it Work billeater.com
Living on One Income can be by design or circumstance. Jessica Bosari from billeater.com has encouraged us to look at the big ticket items to find ways to stretch your budget. Attached is the link to hear her suggestions.
Billeater.com has a neatly organized site to help you save money in all spending categories and shows where you can get coupons and freebies.
Living on one income can be tough but there are often opportunities.
As a single person:
1. Better focus. As a single person you know what you have and what you can spend. This often can provide clarity of purpose to help keep you on track.
2. Tax breaks for single parents.
3. Networking. When I was a single parent I had lots of friends and we tended to help one another out in everything from a coffee break to helping with big projects.
As a couple typically one person works outside the home giving the other opportunity to manage the home. This can provide savings in a number of areas that are more difficult in a single parent family:
1. Save on childcare.
2. More time for meal preparation.
3. At home income generating projects.
This is just a few but the point being that every situation has pros and cons. As we make an active search to find and capitalize on the positive aspects of our situation we are better able to maximize the benefits.