The hidden costs when one partner stops working

Living on one income may be possible, but the biggest costs often aren't the ones that show up in your monthly expenses, says financial blogger Dawn Cher.

Couples faced with the prospect of living on a single income may forget to account for the need for savings and a buffer if things go south, as well as the hidden costs of putting work on hold. (Illustration: CNA/Teha Muhamad)

A friend of mine recently resigned from work because she and her husband had decided their household could survive on his income alone while she stayed home with their newborn.

I wasn't too taken aback by her choice, because I made that same decision five years ago.

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