We live in a generation where the cost of things is going in only one direction – up. The economy is such that the cost of living gets higher and higher making people’s budgets so tight they almost burst at the seams. When you consider that there are huge debts to be paid off such a mortgage, car loans, student loans etc you wonder whether it would be possible for you to survive on one income. There are many people with two incomes who cannot just make ends meet and they end up living in perpetual debt. What is required may not really be more money. In most cases you may only need to develop sound financial principles which will help you survive on one income if one of you lost your jobs.