Is it feasible for you or your spouse to stay home with your new baby? According to Andy Dappen, author of Shattering the Two-Income Myth, families can live well on one income if both partners are committed to the goals and in agreement about how the family will benefit. Dappen suggests couples start exploring the one-income prospect by tallying the time and money it takes to earn each spouse’s income. Oftentimes, couples will find they spend a large portion of time and money actually earning that income – through time spent preparing for work and commuting as well as money spent on commuting, work clothes, dining out, taxes and hiring others to maintain their home. It clearly takes money to make money. Read more »