Speaking of Money

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iVillage Member
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
Sun, 03-03-2013 - 12:28pm

rosenylund wrote:
I have to agree Thardy and I think there is more to the story than is printed. It is great to try and help young couples try and cut out or down on their expenses but these are nothing new and I couldn't imagine the stress too. Things come up and I can't imagine going down to empty on my gas tank and just not being able to go out.

I figured if they're cutting it so close with gas, the children simply can't be driven around to things children normally get driven to. Visits with friends, parties, after-school clubs/sports.

Also, with clothes, I see really excellent seamstresses at a fabric store here.  They make a lot of their clothes but  nothing looks as good as store-bought.  I don't know if it's just design and fashion sense ~ even great sewer~ers (sp?) simply don't have an eye for design or for timeless fit and style.

iVillage Member
Registered: 03-01-2013
Sun, 03-03-2013 - 12:32pm
Yep, Thardy. My kids need to be run all over the place, all the time. I only food shop at one place, once a week too so I am not running all over for errands. AND....I work very close to work. I still could not get by (neither could my dh who uses more gas then I do for work) only using 1 tank per month.
iVillage Member
Registered: 01-08-2009
Sun, 03-03-2013 - 12:33pm

Rose, she said they had some unexpected medical bills that she had to pay out of their savings. So that's why I deduced they had some emergency savings. She also said they get CSA boxes several times a month, so it seems like there are fresh local vegetables and fruits on their table. I also went and looked at her blog. I think the family is eating better than the average American family.

iVillage Member
Registered: 09-01-2002
Sun, 03-03-2013 - 12:37pm

rosenylund wrote:
Thanks Thardy. Exactly what my mother stated 20+ years ago. It was not worth it for her to sew clothes anymore as she purchased quality material and it was the same money as the stores she shopped in (she does not shop in junky clothes stores).

I thought hers was a funny dig!   I get certain things at my favorite overpriced, high-end stores, but other things (worn only a few times before hreadbare or outgrown) from Targ'et, Costco.  :)  It's shopping.

iVillage Member
Registered: 03-01-2013
Sun, 03-03-2013 - 12:37pm
I will have to check out her blog.
iVillage Member
Registered: 08-22-2009
Sun, 03-03-2013 - 12:38pm

rosenylund wrote:
Yes, Emptynester I have never had an employer pay rent for me but I am very familiar with the military and what they pay for.

Really, I find that often those who have never served in the military have a lot of misconceptions about military life.

A few yesars ago a poster even stated that if someone did not want to be in the military any more they could just quit, that is what her DH did.  I still chuckle over that one.

iVillage Member
Registered: 03-01-2013
Sun, 03-03-2013 - 12:40pm
Yes, Thardy because you know you can only get quality clothes at the Thrift Shop lol. I'm gonna pop some tags, only got twenty dollars in my pocket. I wear your granddad's clothes, I look incredible. Bawhhhaaa....
iVillage Member
Registered: 03-01-2013
Sun, 03-03-2013 - 12:43pm
I personally know a few people in the military right NOW at the present time so I am familiar with housing. lol. And yes, many, many years ago you could quit with an honorable discharge but I guess I don't know anything. Thanks.
iVillage Member
Registered: 08-22-2009
Sun, 03-03-2013 - 12:49pm

rosenylund wrote:
I personally know a few people in the military right NOW at the present time so I am familiar with housing. lol. And yes, many, many years ago you could quit with an honorable discharge but I guess I don't know anything. Thanks.

No, you could never "quit"  with an honorable discharge.    You are given an honorable discharge when your service commitment is over and you have earned it.

 

iVillage Member
Registered: 03-01-2013
Sun, 03-03-2013 - 12:52pm
Bord-not sure if you read her menu's but many things are canned, bagged, loaded with preservatives, etc. None of these menu's look much different than the average person eats and she also gets leftovers from church and family. I am lucky we even have leftovers let alone given any from other sources (which never really happens unless we go to a party).

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