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Once upon a time, if the father in a household lost his job or faced a financial setback, the mother could go to work to offset the financial crisis, but now couples are addicted to the two-salary lifestyle. Warren advises families to cut back, and essentially budget themselves as if they only had one income. Pay the regular, family expenses from one salary, rather than from both salaries as insurance for the rainy day that will inevitable come. Families must need to engage in regular financial fire drillsdoing a preliminary audit of expenses, to make sure they can still remain solvent with their heads above water, provided they face some unexpected circumstance or simply a downturn in the economy, as is occurring today because of the increased price of gas and looming recession. According to Warrens companion book All Your Worth, families must clearly distinguish in their budgets from Must Haves, such as rent, mortgage, gas, food, and car payments, with Wants, or extraneous expenses. If Must Haves exceed 65% of the family budget, the family is courting disaster, given that one financial setback could mean a loss of shelter, transportation, and basic necessities

Warren does not blame spendthrift

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