June, 2008 challenge - One income living.
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  1. #1
    Registered User Cymbaline's Avatar
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    Default June, 2008 challenge - One income living.

    Hi everyone,

    My challenge to myself in June, 2008 is to live off of one income. I choose my fiance's income because he gets paid twice a month where I am only paid monthly. Also he is paid slightly less than I do so it's a greater goal for me.

    An article from MSNBC inspired me.. I can't post the url for it yet unfortunately.

    For me the challenge is to just live off the one income, any credit card debts will come out of my paycheck but debts such as mortgage, car payment etc will be included in his.


    Anyone interested in joining me in June?

  2. #2
    Registered User Lady_V's Avatar
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    I'd join you... but we are doing that now.

    I just wanted to wish you the best on your challenge!!!!

  3. #3
    Registered User forHISglory's Avatar
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    We actually did this for a couple of years before retirement. It was a great experiment that allowed us to save and to tweak our spending habits before retirement actually set in.

    Let us know how it goes for you; perhaps a monthly update??
    Spiritual:
    "You are fearfully and wonderfully made." Please... respect life.

    Financial:
    Debt free, hoping to stay that way!


    MY BLOG: glorybug.wordpress.com


    1. Keep on writing.
    2. Get some balance in my life.
    3. Lose weight. Hopefully 20# this year.
    4. Continue to be looking for how God wants to use me this year.


  4. #4
    Registered User Frugal-Nana's Avatar
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    I'm in for the month of June. Will use my husband paycheck. This will be a big challenge because we have a trip planned for this month.

  5. #5
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    LOL, I like Lady-V am already living off one paycheck but I wish you and everyone else who joins the challenge good wishes. It certainly can be done.

  6. #6
    Registered User Wendy99's Avatar
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    sorry we need both ours for basic stuff .. but i think its awesome that you can do that!! and wish you the best of luck

  7. #7
    Registered User mombottoo's Avatar
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    Quote Originally Posted by Lady_V View Post
    I'd join you... but we are doing that now.

    I just wanted to wish you the best on your challenge!!!!
    What Lady_V said!!! Good luck!
    "Life is what happens while you are busy making other plans." John Lennon
    "Infinite goodness has wide arms." Dante

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    Registered User Momto2Boyz's Avatar
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    Good luck to you! We are already doing that too, so I'll be joining you in spirit!

    I think you'll find it to be easier than expected!

  9. #9
    Registered User Cymbaline's Avatar
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    Quote Originally Posted by Frugal-Nana View Post
    I'm in for the month of June. Will use my husband paycheck. This will be a big challenge because we have a trip planned for this month.
    Yeah! I have someone joining me That will be a huge challenge, I wish you the best of luck. Let me know how it's going for you time to time. ..

  10. #10
    Registered User BlessedMomof2's Avatar
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    We have been living off one income for the past 8 years.

  11. #11
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    This is an outstanding challenge idea. I only wish we had our spending under enough control to do this. We're working on it though...

    Good luck!

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