Do you want to take a complete look into real life numbers of our one income family budget update? Learn from our mistakes so you can get on track to your financial freedom faster!
We had some unexpected changes to our one income budget this month. Here is a look at the REAL LIFE NUMBERS of our middle income family trying to live our dream life in one of the most expensive cities in the United States.
Back in the day when we were wandering in the thick fog of financial uncertainty, I desperately wished that someone would just show me exactly what their budget looked like. The adjustment from two down to a one income family budget was hard!
I always thought that I could understand the theory behind it, but until I could see a real life example sharing all their real life numbers, I just couldn’t figure it out for my own family.
That is exactly why I share our family’s one income budget updates with you every single month!
The bills keep on coming! Unless you are an extreme minimalist who lives off your own land and built your own self-sufficient solar energy system, you are pretty much guaranteed every single month to have to pay up.
And even if you are such a minimalist, you are still going to have to pay land taxes.
Though, that type of self-sustaining life does sound a bit nice. Doesn’t it?
My point is, for the majority of us, we have to pay the bills! This mandatory task can become extremely stressful when you are living paycheck-to-paycheck.
You know what was the one thing I always wished someone would say to me as I was trying to decipher the personal finance world? As we were trying to figure out how to get our family budget under control so we could get out of debt and work towards buying our first home!
“Come on in and take a look at our bank account!” Don’t you think that would be nice?
I always felt like if I could see the real numbers of a family in similar situations, it would be super helpful in setting our own family budget.
Wouldn’t it be nice to see the exact numbers of another family’s finances? A family who has successfully paid off over $20,000 of debt on one income. A family who has found a way to live on one income in one of the most expensive cities in the USA.
I know that’s what I wished for back when we were trying to figure out how to make a budget that actually worked for our family.
Which is why we have started sharing our real life family finances with you! Every single month I get on here and lay it all out there, holding nothing back. You can learn how to live on one income by learning from our trial and error to help you achieve your financial goals even faster!
The last month of the year! How has your budget been this year? Did you finish where you wanted?
I would say that my hubby and I are happy with where we ended the year. We don’t have exactly the amount of savings we were hoping for, but if you check out November’s One Income Family Budget Updateyou will know that we made a decision (on purpose) that we knew would leave our budget where it currently sits.