From Two Salaries to One Nappy: How Young Couples Raise a Family in London on a Single Income
From Two Salaries to One Nappy: How Young Couples Raise a Family in London on a Single Income: A Complete Guide The London Reality Check: Can You Afford It? For many young professionals, London is a dream come true – until the birth of the first child when the glamorous picture of rooftop bars and impromptu Ubers turns into an excel table of expenses like nursery bills, renting payments, and diapers. As soon as the time comes for the pair of earning people to become a single earner because their childcare costs exceed the earnings of the other member of the household, the numbers may turn very scary. But it turns out that there are thousands of young families living in London that are making it happen despite all the obstacles. Cutting the Commute Cost: The Outer Boroughs Strategy First of all, the lever to pull is the housing market. Postcodes central London (Islington, Notting Hill, London Bridge) on a single income equals financial death. The smart couple relocates their base ...