When Going from Two Incomes to One

For a variety of reasons, there are times when a family is forced to live on one income only. That can happen
when a spouse dies or the parents divorce. It also happens with job loss.

For families with children, sometimes one parent will decide to stay at home to raise the children. And for those who are single, one income has always been a fact of life.

Going from two incomes to one almost always forces a reassessment of wants and needs.

In this episode, Ed and James offer some practical help on how to make the transition to one income. It’s not always easy, but with a modicum of discipline, moving from two incomes to one is possible, while still saving for the future.