Page 45 - Book3E

the bank. Then develop a “break-even budget” based on one income. By living on one income, you can use the other income you’ve socked away to achieve other goals—staying home with the kids, going back to school, or taking advantage of a new business opportunity.
5. Keep pounding away at paying off your consumer debt. One of the main reasons you enrolled in FFEF’s debt elimination program was to free yourself of your burdensome credit card debt. If it takes both incomes to ultimately free yourself of debt, you can take heart knowing that your efforts will bring about the satisfaction and peace of mind of becoming debt free. Or, if you determine that it’s possible for one of you to shift to part-time work or even quit your job to stay at home and still be able to stick to your debt elimination plan, then more power to you. It is comforting to know that you’re enrolled in a proven debt-elimination plan that will help you not have to rely on a second income.
Downsizing from Two Incomes to One 37