Total Expenses                                     _______

Net Monthly Income                                      __________

Although we may think it is difficult to live on one income, it can be manageable. A reader, T.P., wrote me and explained how he and his wife have lived well on his income. He writes:

“[We have] lived frugally on one income, driving one car, carpooling for everything (work, extracurricular activities, etc.), biking or walking. We are smart shoppers, we garden, and my wife Shelley bakes a lot from scratch. She sews and is a good financial manager. We bought a house with sufficient space for a lot less than what the banks wanted to lend us and thus have been mortgage free for more than ten years. We have been able to put all three of our children through their first college degree, been able to give away lots of money to causes and people we believe in, and even were able to give younger couples interest-free loans.”

T.P. is deeply convinced that we have bought into the wrong dream. He says, “The fact that Christians are in the same kind of [financial] trouble as the average Americans speaks volumes, and we have become ‘of the world.’”

This reader and his wife are examples of many families who are living contentedly on one income. Not only have they been able to live well.  Having been thrifty and smart with money, they have been generous with others.

These one-income families have chosen to not live on credit. They have chosen to not buy the biggest or the most expensive things, such as cars or houses. They have a huge advantage when times get leaner and adjustments need to be made.

Deborah Nayrocker writes on personal money management topics, showing others how to take control of their financial future. An award-winning writer, she is the author of The Art of Debt-Free Living and Bible study Living a Balanced Financial Life. Her Web site is