Since housing is usually the biggest expense, I would say cut that first--downsize, or rent instead of pay mortgage. The next easiest thing to cut is food expense--eat at home instead of at restaurants. Also, cable/internet/phone can cost hundreds a month so you might consider consolidating those or looking into VOIP.\n\nAlso, you don't have to stop working completely--you can try consulting or doing a home-based business to keep cash flowing in.
what are the best ways to cut back from 2 incomes to 1 income? (to be a housewife)?