How to Live on One Income and Still Live the Good Life


I launched FinanceSuperhero in April 2016 to help others save money, get out of debt, earn more money, and live the best life possible. Send me an e-mail or a comment if I can help you in your journey. Thanks for reading!

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8 Responses

  1. I think it’s perfectly fine to have little treats here and there. We’ve been on super-restrictive budgets before and we fall off the wagon much more quickly. Building in little niceties like internet service and restaurants allow you to feel like you aren’t depriving yourself while you’re saving money.

  2. This is a great story. Thank you for sharing. I am guessing that it probably was helpful to your money story to start your marriage in a tighter place rather than getting used to a bigger lifestyle and having to downsize later. Seems similar to the advice to try to keep your college-level spending for as long as possible after you get a job.

    My wife and I both work, but try to keep our spending down to a level where we could get by without dipping into savings if one of us lost our job or felt like we needed to quit for whatever reason. This has multiple benefits – high savings rate, less stress from fear of job loss, more options if we want to leave or take other jobs. We haven’t had to live on one income yet, but it is good to know that we could if necessary.

  3. Melissa says:

    We live on one income. Married almost ten year with two young children (7 and 4) we own our home and as the primary caregiver I haven’t worked since our first child was born. We have saved tremendously on childcare with me staying home. Food is our largest monthly expenditure! We started by weekly meal planning, when we know what we are going to eat, using mostly what we have in the house, planning for the leftovers and only buying fresh ingredients more often than not, has been a big money saver! We also shopped sales, stocked up on good prices, coupon and our primary grocery store has a point system that you can cash back the points for money off your purchase. When we know we need to stock up on household items we use our points to reduce our bill at the register

  4. Linda says:

    I buy most of my clothes at goodwill, walk the dog for exercise, and use the public library for books and videos. I usher for two venues for free entertainment and perform community service in the meantime! I live 5 minutes from a riverside park, and picnic there with my mom and sister. We buy takeout for less than 5 bucks a piece – still a treat without a hefty restaurant tab and tip.

  5. EllenMarie says:

    We live off one income in the San Francisco Bay Area ( one of the most expensive housing and col areas) and raised 5 children. Only one kid left at home now(12 yo) and one just left for college. We have a paid off home, no debts at all, paid colleges without loans ( except son paid for his masters) but I live a simple life, only travels were camping, my honeymoon was 15 years later ( that was Hawaii) so many sacrifices. But I am glad after 34 years of marriage we had all of our kids who make us proud. We bought a house we could afford ( not a mcmansion) in not a great area so we had to supplement their education in creative ways and I also taught them at home when they came home from school. One graduated NYU, one has a master’s and is a principal,one is graduating in Health Business Administration and one is studying biology with hopes of becoming a physician. One 12 yo left at home- seems quiet and empty now! So it can be done, but definitely harder when you have to pay college tuition! All on a busdriver’s salary!

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