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How to Live on One Income

Is your goal to live on one income so you or your spouse can be a stay-at-home parent, pursue schooling, keep house, or another establish another endeavor? Take the following steps to make sure that you are well prepared for your lifestyle change. Get a New Attitude If you are currently living on two incomes, you may need to make some changes, both drastic and non-drastic in order to make the one income work for your family. Embrace money-saving ideas, such as shopping at yard sales or thrift stores, cooking at home, and bargain hunting. Look at these practices as … Continue reading →

Spending Time Instead of Money

One of my favorite ways to spend time with Hailey when she was younger was to make crafts. Not only was this an inexpensive activity, which was mandatory on my single mom income, but it gave us some much needed quality time, and we all know children will talk to us more when they are engaged in something and don’t have to make eye contact. We always made decorations for every holiday or occasion. To make sure you have materials on hand save every toilet paper and paper towel tube that comes into your home, along with brown paper bags, … Continue reading →

Making Money from Scrapbooking

I spend so much money supporting my scrapbooking hobby; I can’t imagine actually generating an income from my passion. Still, there are tens of thousands of people who have found a way to make money from doing what they love-—making memory books. If you are looking to get into the scrapbooking business, one of the easiest ways to start is to work as a consultant for a scrapbook sales company. The initial investment is minimal since most companies don’t require that you purchase inventory. The downside is that you probably won’t make a ton of money from the get-go. Plan … Continue reading →

Switching to a Single Income – Tips for Saving Money

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For many families, deciding to have one parent stay home with the new baby is a difficult choice, and it’s even harder to carry out. It means making tough sacrifices. It’s interesting how many families say “we can’t,” when in reality what they are really saying is, “we won’t.” Are you willing to give up a few of life’s conveniences to stay home with your child? Sometimes, the first step toward being able to afford staying home with your kids is honestly dividing your expenses into two categories: needs and wants. Sometimes, the only way to live on one income … Continue reading →

How A Single Income Can Save Money

If you are wondering about going from being a dual income family to a single income family, consider the following. There are times when a single income can actually save you money and leave you with a better financial outlook that does a dual income. Here are some ways where you may actually do better on a single income. When the second income puts you in a higher tax bracket. Dual income earners are often penalized in the form of state and federal taxes based on that second income. I know I was shocked this year of how making just … Continue reading →

Being Frugal Is A Way Of Life – New FL Blogger Intro

Finally, I’m writing my Frugal Living introduction post. Better late than never, I always say. I wanted to say hello to my fellow FL living blogger Mary Ann Romans, and all of Families.com new bloggers. Since starting with this website about a month ago I’ve been having a lot of fun writing in my various topics. Being able to share and learn is a wonderful thing. As the title of my blog today states, being frugal truly is a way of life, not just one area of it. Many times someone may start out counting pennies in the area of … Continue reading →

Ways to Save Money Living On One Income

Time to work on you marriage and spend with children, are not the only benefits of living on a single income. Living on one income can help you become more careful with money. How? Read on. When it came to groceries Mick and I figured out early on that the fewer times we went near the supermarket the better off we were. Grocery shopping was once a month. It means making a list and ensuring you are not going to run out of necessary items. If you do, then go without till the next shop, unless it is absolutely essential. … Continue reading →

Savings for Single Parents

I know that the sun is shining, the birds are chirping, and your kids are getting all excited about playing outdoors. The single parent, being the practical people that they are, must think about winter for a bit before getting all carried away about the upcoming summer season. Now is the time that you can rake in the savings on clothes for your kids for next winter. If this past years winter coat looks a bit ragged on your son or daughter, pick up a new one for mega savings. Do the same with hats and gloves. You might even … Continue reading →

Saving Money on Groceries When You Both Work

A lot of the frugal living advice out there concerning groceries assumes that you have time to cut all of the coupons, are home during the day to simmer the homemade chicken stock and prepare inexpensive meals from scratch. But what if you are a two income family or a single parent who just doesn’t have the ability to use some of the regular frugal living techniques? I’m here to help. Some frugal practices can be adapted to your lifestyle if you are commuting to work on a daily basis. The crock pot or slow cooker, for example, can be … Continue reading →

Single Parents and Birthday Party Budgeting

Having a birthday party can take a chunk out of your wallet. Having more than a couple of kids to give a party for can lead us to the poorhouse if we are not careful. This is true for parents everywhere, but a single parent or families with one income can feel the pinch that much worse. With the faltering economy being what it is most of us are leery about spending money unnecessarily. Just about every kid’s place in town now offers to “host” your child’s birthday party. This is great because that leaves the parents with one very … Continue reading →