Raising a family on one salary is getting tougher, no matter where you live. The cost of living is rising in many countries and having one parent stay home is either increasingly becoming a luxury, or a forced choice due to divorce or unemployment. Nonetheless, if it's something you want to do — or need to do — there are ways to make it happen.
The US government shutdown is suddenly forcing some people to consider whether they, too, could live on one salary.
If you have time to prepare for a one-income life, start building an emergency fund of six-to-12 months of living expenses. For those suddenly thrown into a one-income situation, there are some small changes that can help ease the financial pain.
Discover more ways to prepare for life on a single salary.