Comments on: Can You Survive As A One Income Family?

By: Marina

Marina — Tue, 20 Apr 2010 12:59:49 +0000

what about the single parents, my husband died – leaving me in no end of financial trouble, (no insurance) i struggle every month working full time there is no other option for me at present, my kids are great and the oldest does help out with the youngest when there is no other alternative, but i worry about them being ‘latchkey’ kids, i have almost paid off all debts (this has taken over 5 years), apart from the mortgage, but my income has dipped by over $500 from this month, and will stay that way for the foreseeable future, it all seems to be for nothing, just as i get my head above the water, something else happens and i am back to struggling AGAIN…. my income is less than $15,000 a year and my mortgage alone is nearly $800 a month, i am unable to sell as i owe more on the mortgage than the house is currently worth… I do like reading about other families that are getting through the daily struggles of life, thank you for listening.

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By: Downshifting: Quit Dreaming and Start Planning

Downshifting: Quit Dreaming and Start Planning — Tue, 20 Apr 2010 09:02:39 +0000

[...] Personal situations differ as well. A two-income family with no kids is much more able to handle one spouse stepping away from the corporate world than a family of five living on one-income. [...]

By: Good Reads: Celebrating The 4th : Domestic Cents

Good Reads: Celebrating The 4th : Domestic Cents — Fri, 03 Jul 2009 10:20:13 +0000

[...] Can You Survive As A One Income Family? from The Wisdom Journal [...]

By: Nicki at Domestic Cents

Nicki at Domestic Cents — Wed, 01 Jul 2009 01:18:33 +0000

We’ve been doing it for a year and a half and I can testify that you’ve got some good advice here

By: Bill in NC

Bill in NC — Sat, 20 Jun 2009 21:09:35 +0000

Please consider having the “non-working” spouse work enough to keep their Social Security eligibility for those in the U.S.

That requires 2 credits out of the 4 possible in a year.

In 2009, $1,090 of earned income earns one credit.

It would have helped our family immensely had my stay at home mother had enough credits to qualify for SS disability (a big benefit is that one is eligible for Medicare within 24 months after becoming disabled) during her lengthy terminal illness (diagnosed in her 50s, dead at 64)