Speaking of Money

Avatar for rollmops2009
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Registered: 02-24-2009
Speaking of Money
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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: 06-27-1998
Wed, 03-06-2013 - 12:44pm

coconutshrimp wrote:
That is great to have an extra hand. So basically that is like having a 2nd car lol. We try and do car pools with our oldest since it is a lot or running around but that does not always work out.

If these are high school sports, is there not bus transportation to/from the events?

PumpkinAngel

Avatar for savcal2011
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Registered: 10-06-2010
Wed, 03-06-2013 - 12:47pm

coconutshrimp wrote:
Yes, I know you think they CAN be planned for Geschichtgal. You also have young children right now. Things change.

I happen to agree with her. And my children are even older than yours.

"I don’t mind a banshee, that’s fine. 2 banshees? I HATE you. I actually wish bad things upon you." -- Day[9] Daily #459 P1

iVillage Member
Registered: 06-27-1998
Wed, 03-06-2013 - 12:48pm

coconutshrimp wrote:
You guys are lucky you don't have teenage GIRLS to clothe. lololol.

Why?  I can't imagine that I would handle it differently.  Both boys wear uniforms to school, girls would do the same.  Dress and sports clothes, I would handle the same.  I'm not sure what exactly would be different, I wouldn't go crazy with buying girls clothes anymore than I do with buying boys clothes. 

PumpkinAngel

iVillage Member
Registered: 06-27-1998
Wed, 03-06-2013 - 12:49pm

coconutshrimp wrote:
I agree PKA that there are lots of experiences in HS that are not over priced. Many are though and I would not want my child to have regretted not going to the prom or sr. trip or whatever they want to experience with or without their friends. I know many adults who regret not doing things for many reasons and if they could go back they would do it all different. If I can afford to do these things for them, I will.

I'm confused, this was supposed to be about last minute expenses, none of these are last minute expenses.

PumpkinAngel

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Registered: 06-27-1998
Wed, 03-06-2013 - 12:50pm

geschichtsgal wrote:
Yes, I'm glad we made the decision to live close to the grandparents. It's nice that they are around to do fun things with the kids and see them on a regular basis.

Amen, I love that my kids have a active almost daily relationship with my sons, it's very special and worth not moving years ago when we had an opportunity.  

PumpkinAngel

Avatar for savcal2011
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Registered: 10-06-2010
Wed, 03-06-2013 - 12:52pm

coconutshrimp wrote:
I guess you were lucky Puss that you never got last minute requests from your son or school or activities. I am learning to roll with the punches and that while yes, sometimes it is the child that forgets, it is many times more that it is last minute requests from the teachers or coaches. Life happens and things DO come up last minute. My teenager always has something going on which is great as it keeps her busy and is always doing something with one friend or another. Sleepovers are always last minute, many bday parties and get togethers are too. This is how teenagers are. I am allowing my kids to be kids while still teaching them right from wrong. I know I am doing a great job as my teenager is proving it with the activities she chooses to the friends she hangs out with and what she does and does not do.

No one has argued that things never come up last minute. We've acknowledged that somethings happen at the last minute or almost unknown.  But, we posit that those are rare.   I think often the details aren't known until just a few days out, but the fact that the event is going to happen, and when, are *usually* known well in advance. 

A good example is district concert band contest. I've known since, oh, about August, that tomorrow is the contest.  So it's been on my calendar for months. I've known since August that the kids will be away from school most of the day and that likely they would not be at school for lunch.  So I've konwn since August that The Boy would need lunch money that day.   However, I didn't know until Monday night when they were leaving, whenthey'd return, and where they'd be going for lunch. But the lack of details didn't prevent me from being able to budget food expenses appropriately.

 

any teacher or coach that had numerous, consistent last-minute requests involving my or my kids' time and money would be getting an earful from me.  Occassionally? Sure. Consistently. Not gonna fly.

"I don’t mind a banshee, that’s fine. 2 banshees? I HATE you. I actually wish bad things upon you." -- Day[9] Daily #459 P1

Avatar for savcal2011
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Registered: 10-06-2010
Wed, 03-06-2013 - 12:53pm

coconutshrimp wrote:
It sounds like your parenting ideas are about the same so you can probably go by what they say. I believe in kids being kids and while saying no (seems like most of the time lol), I also believe in raising them and supporting them financially until they are out of my house (for their main expenses but I am sure I will be still buying them things when they are older too as I am still their mom). I believe in them working to help out but don't believe they need to pay for all their expenses. I still have the old school idea of if I was charging my child rent in my home, I would keep all of it (or at least the majority of it) in a savings account to give to them when they move out. These parents would not.

Who are "these parents"?

"I don’t mind a banshee, that’s fine. 2 banshees? I HATE you. I actually wish bad things upon you." -- Day[9] Daily #459 P1

iVillage Member
Registered: 06-27-1998
Wed, 03-06-2013 - 12:54pm

jamblessedthree wrote:
<p>I have to agree about the HS ring thing, I got a high school ring but that was the 1980s.  I don't wear it nad it's just become a bit of nostalgia like other things!  I don't hear about HS rings now and I doubt my kids will ask for one, The thing now are professional senior pics with backdrops in beautiful/lush settings.   I have a photographer friend at the Y who is already trying to sell me his services, Lol.</p>

I agree, that is the trend around here as well.  I also miss the lettermen jackets that were popular, remember those?  

PumpkinAngel

Avatar for savcal2011
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Registered: 10-06-2010
Wed, 03-06-2013 - 12:55pm

coconutshrimp wrote:
I have 3 calendars Jam. Some months I can't even SEE the calendar anymore lol. I enjoy the nights not having to run though as in the fall it was crazy. I was literally shoving a sandwich down my throat in a car running from one thing to the next.

Lack of planning will do that to ya ...

"I don’t mind a banshee, that’s fine. 2 banshees? I HATE you. I actually wish bad things upon you." -- Day[9] Daily #459 P1

Avatar for savcal2011
iVillage Member
Registered: 10-06-2010
Wed, 03-06-2013 - 12:57pm

pumpkinangel wrote:
But you don't generally have to send in that documentation, unless audited.</p>

Correct, but I pity the fool who just lumps it all together, without documentation, and then gets audited.   Yikes!

"I don’t mind a banshee, that’s fine. 2 banshees? I HATE you. I actually wish bad things upon you." -- Day[9] Daily #459 P1

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