Tips and Tricks for Financial One-Income Households

Regardless of how you found yourself in this position, a one-income household is not uncommon, and it’s certainly not unmanageable.

One of the best money secrets of single-income households is that they know it’s less about the money that is coming in and more about how it goes out.

Without a second stream of income to fall back on, you should make it a top priority to create, and contribute to, an emergency fund.

Have an Emergency Fund


When you’re thinking of ways to make one income work for your household, go over your monthly, recurring debts, and do what you can to try and shrink those payments. 

Re-Evaluate Your Debt


A general rule of thumb that is especially true for one income households, is that investing should really only be done with ‘extra’ funds.



If you only have one income, and want to take control of your finances, the first step you need to take is getting honest about how you spend your money.

Be Honest about How You Spend Your Money


For some people, they’re leaving traditional roles in favor of this lifestyle, while others are simply using its benefits in true side hustle fashion. 

Take Advantage of the Gig Economy


Life insurance protects your dependents in the event of your death, but it can also act as a type of savings account.

Consider Life Insurance