Published on 15 December, 2025
Have you ever thought about switching from a dual-income household to a single-income one, and wondered if that is even feasible in Singapore? I’ve been at that crossroads before. Now, after seven years of marriage and two kids, we’ve decided to take the plunge. Here are some tips to consider should you wish to make such a major change.
First and foremost, you must ensure that your household expenses are less than your take-home income after Central Provident Fund (CPF) deductions. While this sounds blatantly obvious, we must accept that some jobs simply do not pay high enough to fully cover a household’s daily expenses.
Different families have different spending habits, but the average household expenditure is around $5,931, according to the latest data by the Singapore Department of Statistics.1 Calculate your household expenses as a family and ensure that, if there is only one income, the take-home salary is sufficient to cover those costs.
As the adage goes, “fail to plan, plan to fail”. One of the first things we did before our kids become toddlers was to get appropriate hospitalisation plans for them, as we recognised the need to meet their healthcare needs. If you delay getting your children’s insurance hospitalisation plans, you might end up getting more exclusions as they age which would be disadvantageous for them.
Additionally, before we transitioned to becoming a single income household, we decided to increase my husband’s insurance plans. On top of my husband’s health insurance, we decided to make sure he has a (1) disability income insurance, (2) critical illness insurance and (3) life insurance, with a guaranteed amount that would keep us afloat for several months should he suddenly be unable to work.
According to the Monetary Authority of Singapore (MAS), the general rule of thumb is to have at least three to six months’ worth of household expenses as savings.2 I personally agree with this because we will need that buffer for sudden emergencies such as medical issues, accidents or a loss of job. If possible, it is best to have six to nine months’ worth of savings to reduce the stress and pressure of finding another job immediately.
Transitioning from dual income to single income requires adjustment from both spouses, and it is essential to have a shared conviction and commitment to this change.
My husband and I decided to become a single-income household because our kids were very young. After our first child was born, I was a stay-home mum for two years. When our second child arrived, I could return to work remotely due to the changes brought about by COVID-19, and I worked full-time only because the role allowed me to work from home.
The bottom line was that I simply wanted to spend more time with my children during their formative years. I believe it is ideal if one parent can stay home to monitor, supervise and inculcate the right values in our children. Although my husband is at the office working, we share common goals and values. Transitioning from dual income to single income requires adjustment from both spouses, and it is essential to have a shared conviction and commitment to this change.
I decided to stay home because my kids were still little, and juggling work with pumping milk every three hours, sleep deprivation, and caring for two children was too exhausting. Furthermore, I wanted to foster a strong bond with them and make daily conversations a habit, so that we will continue to have a close relationship as they grow up.
No employee is indispensable, not even the CEO; but for my children, there is only one mum.
While I had to accept that my career would take a pause, the time I got to spend with my kids during their early developmental years was priceless. I could take on freelance or part-time jobs in the future when they are older, but for now, I would like to be my kids’ main caretaker.
The ultimatum came one day when I realised that no employee is indispensable, not even the CEO; but for my children, there is only one mum. While my parents, in-laws or helper can help with parenting, I have a unique role in their lives and I wanted to maximise it by spending both qualitative and quantitative time with them, even if it means sacrificing financial comfort for several years.
What keeps me going is gratitude for simple things, like enjoying a weekly cup of hawker kopi instead of Starbucks, saving money from 11/11 or Black Friday sales, and planning nutritious meals based on what’s on sale. A person may have great wealth yet still feel it’s never enough. The key to enjoying life is not about how much you earn, but being content with what you have.
Choosing the right job, managing daily commitments while monitoring household income and expenses all require wisdom. Which enrichment classes should my kids take? How much can we afford for our family holiday? We are thankful that God has given us wisdom to make good choices and provided for our daily needs as we transited to becoming a single-income household.
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Nelson and Gina
Workshop: March 2026
Nelson and Gina Lee have been accredited facilitators with Focus on the Family Singapore for over a decade, beginning their involvement conducting relationship talks for tertiary students since 2011.
Driven by a passion for nurturing strong relationships, they have extensive experience in facilitating dating workshops for courting couples and pre-marital programmes for those considering marriage. They have also have led marriage retreats designed to deepen connection and commitment among married couples.
