In this economy and day and age, living on one income seems impossible, especially if the income is less than $60,000 a year before taxes. However, I am here to say it can be done and comfortably. Among all of the advice I received as a newlywed, the most valuable was to live on one income, even if we were a two-income family.br br That advice was easier to hear than actually do, of course. After one year of marriage, my husband and I were expecting our first child and wanting to buy a home instead of rent. It was then I started putting my paycheck into a separate savings account, and we struggled to learn to live on one income. In hindsight, it was a struggle because we had to address our spending habits, but it wasn’t a struggle because it was impossible to do.