Speaking of Money

Avatar for rollmops2009
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Registered: 02-24-2009
Speaking of Money
928
Sat, 03-02-2013 - 3:33pm

Here is a SAHM who takes careful budgeting to new heights. It must, of course, be noted that since her DH is military, the family is probably covered in terms of health insurance. 

http://finance.yahoo.com/news/how-a-family-of-four-manages-to-live-well-on-just--14-000-per-year-174803218.html

"Wagasky, 28, lives with her her husband, Jason, 31, and their two young children in a three-bedroom family home in Las Vegas, Nevada. While Jason, a member of the U.S. Army, completes his undergraduate studies, the family's only source of income is the $14,000 annual cost of living allowance he receives under the G.I. Bill. Despite all odds, the family has barely any credit card debt, no car payment, and no mortgage to speak of."

[...]

"By the time Wagasky's husband came home from Iraq, they had managed to scrape together the $30,000 they needed for a downpayment on a home. 


"But we decided the best option would be not to have a mortgage payment at all," she said. "We found a fixer-upper that didn't have a kitchen ... and we paid cash." "

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iVillage Member
Registered: 09-01-2002
Mon, 03-04-2013 - 7:22am

emptynester2009 wrote:
<p><blockquote class="quote-msg quote-nest-1 odd"><div class="quote-author"><em class="placeholder">chestnuthooligan</em> wrote:</div>Military law is pretty black and white.</blockquote></p><p>Yes, I don't think you can get more black and white than the UCMJ. </p>

Then somebody better tell JAG not to come in this morning. ;)

iVillage Member
Registered: 09-01-2002
Mon, 03-04-2013 - 7:36am

savcal2011 wrote:
<p><blockquote class="quote-msg quote-nest-1 odd"><div class="quote-author"><em class="placeholder">bordwithyou</em> wrote:</div>Well, those unhealthy recipes were once a week or so. It's not the healthiest diet, but its a pretty good low-income diet.</blockquote></p><p>Yeah, I may diss cream of soups, but if it's the best that you can afford ... </p>

What about the rest of the conditions in the lifestyles of the children, living so close to the edge financially, under stress which must be exhausting for all?  Cream of soup is just the tip of the iceberg.  Isn't this the heart of the SAH/WOH board?  As Peteynjoeysmom told *me* ~ Get a job.  One of the parents should get a job.  I've known too many people who've gone to night school and worked during the day, or vice versa, to see any reason one of these parents should not WOH.

Avatar for BeaArthurisMyReligion
iVillage Member
Registered: 02-20-2013
Mon, 03-04-2013 - 7:40am

Oh yes the old "any family living differently than us"  so there "must be more to the story" gambit...

how droll... I was kind of hoping you had mellowed.. I actually always liked you...but I guess old dogs, new tricks, yadda yadda

iVillage Member
Registered: 01-08-2009
Mon, 03-04-2013 - 7:56am
Daddy has a job. He's a full-time student and a reservist. Mom seems to be a full-time homemaker who bakes her own bread, etc. It looks as if they might also be homeschooling. There's nothing to indicate they are accepting government benefits, nor is there anything to indicate they might be under "undue stress." So as long as no one is being abused/neglected and no one is asking me for a handout, then I'm all about "live and let live." I've got way too much to do managing my own life to step in and try to manage the lives of others, particularly since they don't even seem to be in need of advice.
iVillage Member
Registered: 03-01-2013
Mon, 03-04-2013 - 8:16am
So then she doesn't eat better than the average family Bord? lol.
iVillage Member
Registered: 03-01-2013
Mon, 03-04-2013 - 8:27am
Bord-Daddy's "job" is in the national guard making $14,000/year. Isn't that a one weekend a month job? How many hours is full-time school? There is no other time for him to even get a part time job to make more money?
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Registered: 02-04-2009
Mon, 03-04-2013 - 8:37am

rosenylund wrote:
Bord-Daddy's "job" is in the national guard making $14,000/year. Isn't that a one weekend a month job? How many hours is full-time school? There is no other time for him to even get a part time job to make more money?

It *can* be.  But all reserve services have full time employees in addition to the weekenders.

Given reserve pay scales, it would be virtually impossible to earn $14k/yr working only weekends.  Plus, the fact that he gets benefits such as housing allowance is further proof of the fact that he's a full time National Guard reservist rather than only drilling one weekend a month.  Reservists are not eligible for housing allowance when they only report one weekend a month.

************

Kitty

"If you can't annoy somebody with what you write, I think there's little point in writing."-- Kingsley Amis, British novelist, 1971 t .

iVillage Member
Registered: 01-08-2009
Mon, 03-04-2013 - 8:44am
Rose, (it appears to me that this family's diet is at least as good as, and probably significantly better than, the average American diet (b) I think they are in a better position than you or I to evaluate whether a part time job is feasible or makes sense. (c) your apparent resentment of and hostility toward this family is unbecoming to you.
iVillage Member
Registered: 09-01-2002
Mon, 03-04-2013 - 8:50am

rosenylund wrote:
Bord-Daddy's "job" is in the national guard making $14,000/year. Isn't that a one weekend a month job? How many hours is full-time school? There is no other time for him to even get a part time job to make more money?

Did he say what degree he's getting?  They've been living on the financial edge 4 years at least. 

iVillage Member
Registered: 02-04-2009
Mon, 03-04-2013 - 8:50am

As this pay scale clearly demonstrates, the father in this family would have to be higher than an O-10 (the highest possible rank for a reserve officer) to make $14K/yr only drilling one weekend a month plus a 2 week annual training.

However, having actually read the original link, he's not an active reservist.  The $14K/year income is entirely funded through his GI Bill housing allowance.  The article mentions him being a member of the Army going to college full time, so he's likely an IRR (Individual Ready Reservist), which is the designation of any servicemember who has completed his or her initial active duty enlistment, and still completing the rest of the 6 year obligation.  Every military enlistment is for 6 years, but most members only serve 3 to 4 years of it on active duty.  ONce that enlistment is completed, the member is transferred to the IRR. 

It works out just like being a regular civilian, but it makes them legally recallable if the needs of national security require it.  They could be sent orders at anytime during the rest of this period recalling them to full active duty and they would have to report.  It's rare that this happens, but it can; it's a failsafe for the needs of the military

If the member, upon ETS, chooses to join the active reserve instead, they can, but it's not necessary.  Active reserves means you join a reserve unit and drill once a month, plus 2 weeks annual training.  The IRR has no such obligation.

************

Kitty

"If you can't annoy somebody with what you write, I think there's little point in writing."-- Kingsley Amis, British novelist, 1971 t .

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