From Two Incomes to One

How families can evaluate the decision to live on one income

Before you decide to jump to one income, personal finance expert Rachel Cruze recommends that you sit down with your spouse and create a budget of what your life would look like on a single income. Courtesy of Rachel Cruze

Months of lockdown and uncertainty have prompted many families to reevaluate their priorities and way of life. Some, aiming for more stability at home during the upcoming school year, are trying to determine if they can make it on one income. 

I asked Rachel Cruze, a financial expert, bestselling author, and host of “The Rachel Cruze Show,” for her advice to families considering this lifestyle shift.