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Going From Two Incomes to One

December 30, 2011 8:25 am by Britanny in Family
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Whether it's voluntarily or involuntary, going from two incomes to one is a tough adjustment. Brittany at Knewlywifed recently quit her job to go back to school. Here's how she's adjusted.

The One Income Family

I've always loved to go to thrift stores for home decor (paint can change anything), but now I've found a new love for clothes consignment shops. For PB, consignment shops are a must. I do buy him new clothes occasionally, but it seems so pointless to buy him brand new clothes that he will either a) never wear, b) stain immediately, or c) outgrow in 2 months. So I've hit consignment stores/sales hard and have really racked up. I've also been able to rack up for Ben and myself at consignment stores. I love to get dress pants and skirts at thrift stores because they seem to never look 'dated'. One of my favorite outfits for work was a $1 pencil skirt from Goodwill, a $5 clearance plain black scoop neck t-shirt from Target, and a $5 scarf from Walmart. An $11 outfit? That's my language!

consignment clothes

Credit Image: Hyeyoung Kim on Flickr

Read more from The One Income Family at Knewlywifed

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Chari Twitty-Hawkins
Chari Twitty-Hawkins

Just went down to 1 income. As my business grows it will go back to 2 soon I hope!

Karen Lockinger Greenberg
Karen Lockinger Greenberg

My husband and I have been a one-income family since we had children. We didn't want them in day-care if at all possible. It's been a struggle many times, but it was worth it. The biggest way we save money is by not paying for TV (no cable, Netflix, or Hulu plus) and we give gifts only to our children. Clothing is purchased as needed and when on sale.

Aubrey Valenzuela
Aubrey Valenzuela

I feel really mixed feelings about this article. I love that she is so well prepared, but I think its also really complicated--perhaps more so than she has discussed here. We did not prepare well when we switched to one income, but we have still made it work for us. It has perhaps been a more challenging path, but still very worth it. I guess, living without that supposed financial security blanket has propelled our network of support and gratitude in many different ways. You can't always be 100% prepared and it is nice to realise that there is still another way...it takes a lot of courage to take those risks...but there is always a way.

Susy Fisher Todd
Susy Fisher Todd

We went from 2 to 1 as well. I earned supplemental income from time to time, but it really only helped with the inevitable emergency. It's not easy, and we are constantly making tweaks to our habits, but it has been worth it!

Deanna West Piercy
Deanna West Piercy

I gave up my nursing career to homeschool our kids, which at that time was half our income. It was tight for awhile but worth it. Plus, we got lucky and my husband's income began rising pretty substantially. Still, it meant some serious changes at first.

Clara Michelle Fox
Clara Michelle Fox

All my husband and I did was get sick :-(

BlogHer
BlogHer

Clara Michelle Fox that's the stuff my nightmares are made of. - Denise

Clara Michelle Fox
Clara Michelle Fox

How about from 2 incomes to none?