Budget 101: How to Budget on a Single Income

Join our #CreditChat every Wednesday at 3p.m. ET on Twitter, Google Hangouts, Periscope and Snapchat. This week, we shared budgeting tips for families on a single income. The panel included: Tretta Bush: Accountant and Founder of Wealth in Stilettos;  and Christina Roman: Social Media Specialist at Experian.

We’re also featuring financial tips all week on Snapchat.
Learn more about this week’s #CreditChat:

Questions We Discussed:

  • Q1: What are key considerations for a family living on a single income?
  • Q2: How can you create a realistic budget for your family?
  • Q3: What are some simple ways to cut expenses or monthly bills?
  • Q4: How can you prioritize saving on a single income?
  • Q5: How can you treat the family to some fun without breaking the bank?
  • Q6: How can couples (working and non-working spouse) minimize financial animosity?
  • Q7: What are some feasible extra income options for a stay-at-home spouse?
  • Q8: What are best practices for a family transitioning from a two income to a one income household?
  • Q9: What tips do you have for someone who unexpectedly finds themselves in a single income situation?
  • Q10: Any final tips for single income families?

View the Complete Tweetchat on Storify:

If you’ve never heard about #CreditChat, here is a brief overview:

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