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