Living on one income isn’t always a choice – sometimes, it’s just the reality of Defence life, raising kids, or navigating a career shift. And while budgeting advice is everywhere, a lot of it assumes you have unlimited time and energy to track every dollar or meal-prep from scratch every week. Let’s be real – life is already full.
The good news? There are ways to make a one-income household work without feeling like you’re constantly in survival mode. Here are some practical, low-stress ways to save money while keeping life manageable.
1. Start with What’s Already There
Before making big changes, take a look at where your money is going. You don’t need a fancy budget – just a simple check-in. Look at your bank statements and spot the things you actually use versus what’s on autopilot. Subscriptions, random impulse buys, or things you meant to cancel? Easy wins.
2. Cut Costs Without Cutting Quality
Saving money doesn’t mean living on the bare minimum. Look for ways to swap rather than sacrifice:
- Groceries: Meal plan loosely (without pressure to be a chef) and buy in bulk where it makes sense. Aldi and local markets can be lifesavers.
- One of my favourites has been ‘ugly’ fruit and vegetables. We save a tonne with these deliveries (not to mention time!)
- Utilities: Simple tweaks like washing clothes in cold water, unplugging unused electronics, and using energy-efficient bulbs can make a difference.
- Insurance & Bills: Compare providers once a year – it takes a few minutes but could save you hundreds.
3. Plan Big Expenses Ahead
Big bills hit harder on one income, but a little forward planning makes them easier to manage. If you know rego, insurance, or school fees are coming up, break the cost into smaller amounts and set them aside bit by bit. Some banks even let you set up separate savings ‘buckets’ to keep things organised.
4. Buy Secondhand and Swap Where You Can
There’s no shame in thrifting – it’s budget-friendly and often better quality than cheap new items. Marketplace, op shops, and local swap groups are goldmines for furniture, kids’ clothes, and even appliances. And when your kids outgrow things? Sell or swap to keep the cycle going.
When you get confirmation of your next posting location, join the school groups and find out about the second hand uniform shops, and also ask in the defence groups for the area. There are always families coming and going, and it’s a great way to save some money on this large expense each posting season.
5. Get Creative with Extra Income
If money is tight, a small side hustle or casual gig can take the pressure off without requiring a huge time commitment. Selling unused items, freelancing, or picking up short-term gigs can bring in just enough to cover unexpected costs without taking over your life.
6. Prioritise the Right Kind of Self-Care
Saving money doesn’t mean cutting out everything that makes life enjoyable. A gym membership, a weekly coffee, or a small treat might be worth keeping if it helps your well-being. Instead of cutting self-care, focus on what actually brings you joy versus what’s just habit.
Making One Income Work for You
Living on one income isn’t always easy, but it doesn’t have to mean struggle mode 24/7. Small, practical shifts can make a real difference without feeling overwhelming. The key? Focus on what works for your situation – not what some strict budget plan says you should do.
Your money should support the life you want, not the other way around.
I’d love to hear your tips on navigating ‘life’ on a single income; comment with your own tips for budgeting on a single income.
