Comments on: Wife = asset or liability?

By: Michele

Michele — Thu, 24 Dec 2009 19:37:58 +0000

Do you have any friends? Dateable I mean.

It can be done, but Americans have learned to become "fat" cats. If they really saw how people lived outside of this country. They don't need to get a bigger place just because you have a kid – stop buying cr@p for your kid. We moved here from another country, but I have lived here most of my life. We were a family of 7 living in a 3 bedroom 1 bathroom house . I slept in my parents room for over a year until they could afford to make the kitchen two rooms and moved my brothers bunk bed in there.

As long as you and the potential Mrs. Ninja are on the same game plan of goals, it is DEFINITELY doable. You just have to decide to live differently than your friends…

A man with a financial plan – that's what I like to hear! Now if you just had an older friend…

By: livinglargevegas

livinglargevegas — Mon, 14 Dec 2009 14:40:44 +0000

my wife makes over 250K and I make about 100K. We basically save my income and live on hers.

By: Amanda

Amanda — Sat, 21 Nov 2009 05:28:41 +0000

It really depends on how much money each of you makes. I have a master's degree, but could maybe clear $35,000 a year max because I work in social services. My husband has a high school diploma but makes about $60,000 a year because he works in IT. Two people who each earn less than $40,000 a year would probably have a hard time sustaining a one-income lifestyle with any comfort or flexibility, especially once children come along.

By: Investing Newbie

Investing Newbie — Fri, 20 Nov 2009 15:53:24 +0000

Oh that's great. If she's on board then I think this is a great plan. So I brought this idea (the operating on one income idea) up to the BF yesterday (in the car, you know, the perfect place to have PF discussions) and he thought it was a fantastic idea. I think you just changed our lives with this post!

By: @MoneyMatters

@MoneyMatters — Thu, 19 Nov 2009 18:43:20 +0000

At our house we have two incomes, and after we paid off debt a year or so ago it has been all gravy. Only debt we have is a manageable mortgage. Being a DINK is awesome!

At our house we live on a small portion of my income, and the rest of my and my wife's income goes to saving/investing/giving. We're nowhere near where we want to be – but even after having my wife go through a series of health issues and surgeries in the past two years (and 250k+ in medical bills – thank God for insurance), and a variety of other things, we're still in the black and racking up the cash.

So yes, it can be done, and it is awesome! We also want to have the option of my wife staying at home with any kids we might have. I don't think it's sexist to talk about that or even say that having that option would be great – I think being a stay at home mom is an honorable and laudable choice!