8 Steps to Follow to Get Out of Debt On One Income.

Getting out of debt when you are living off one income could be a stressful thought. Not to worry, there are small strategies you can follow that will allow you to figure out a game plan on how to get out of debt on one income without totally going crazy. This budget break down strategy is based off one of the sections in my Debt Busting Budget course. You can snag the free Budget Breakdown printout here as well.

39 Crazy Things We Did to Get Out of Debt On One Income

Do you ever find that some people are just more content being stuck in a hole because climbing out of it will require too much work? Getting out of debt is the perfect example. Being in debt can feel like being in a big, giant hole and the toughest part is, you put yourself there. It was probably super easy to dig the hole, but I think you should know getting out will be hard. It will be hard, but it will be worth it and it will remind you never to dig that hole again. Another worry people gravitate toward when paying off debt is that they won’t be able to because they only have one steady income. If this is a concern of yours, then make sure you keep reading about the crazy things we did to get out of debt while living on one income!

The Benefits of Living on One Income When You’re Paying Off Debt

The idea of living on one income can be a scary thought for most couples. When you have two able-bodied people, it can be tough to see any positive side to not having two steady streams of income. Considering that 71% of all workers in the United States say they are in debt, it’s no surprise that one income families are seen less and less. More often than not, people are just working to support their bad spending habits. Even in two-income households, a whopping 78% of workers say they are still living paycheck to paycheck. But there is some light at the end of the tunnel. Having been a stay at home mom for over 10 years, there are some major benefits to living on one income that I would love to share with you. Particularly living on one income when you’re paying off debt.