Are You A ONE-INCOME Household?
6 Tips & Tricks for You!
Some households operate off one income by choice, while for others that is merely their circumstance.
Regardless, a one-income household is not uncommon!
Without a budget, even a multi-income household might become financially unstable. We have some tips to consider if you’re working with one income, and how to make it work for you.
6 Financial Tips and Tricks for One-Income Households
1. Have an Emergency Fund
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.
2. Re-Evaluate Your Debt
Go over your monthly, recurring debts, and do what you can to try and shrink those payments.
Another myth that deserves to be debunked is that you need a ton of money to get started. You can often start this journey for less than a dollar.
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