Can We Live on One Income?

How-To: Determine If You Can Live on One Income

February 2, 2012

Re-calculate Your Housing Costs

Can We Live on One Income?

Source: Getty

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by POPSUGAR Smart Living 2

Re-calculate Your Housing Costs

It's likely that your rent or mortgage accounts for the largest chunk of your expenses. Calculate what percentage of the household income would go toward these costs. If it's a number that doesn't make financial sense, ask yourselves if you're willing to move somewhere less expensive.

2 / 11

by POPSUGAR Smart Living 2

Re-calculate Your Housing Costs

It's likely that your rent or mortgage accounts for the largest chunk of your expenses. Calculate what percentage of the household income would go toward these costs. If it's a number that doesn't make financial sense, ask yourselves if you're willing to move somewhere less expensive.

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2 Comments

amylauren1971

amylauren1971 1 year

You should also determine health care costs and consider what would happen if a death happens to the spouse who is currently providing the health insurance. Be smart, ladies!

GlowingMoon 3 years

We can easily live with one income.