Speaking of Money

Avatar for rollmops2009
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 - 8:30pm

rosenylund wrote:
Here are some examples. This is minus the prepacked items that has been drilled over and over that are not healthy choices. Not sure how this is now eating better than the average family: Week #1-Creamy Souper Rice---1 can (10 3/4 ounces) Cream of Mushroom Soup Week#3-Nacho Pasta---1 can (11 ounces) condensed Fiesta Nacho Cheese Soup Week#3-Home-style Chicken Pot Pie-1 (10 ¾ ounce) can condensed cream of chicken soup, undiluted Week#5-Swedish Meatball Sandwiches on Homemade Rolls--1 can of cream of mushroom soup Week#6-Cheesy Broccoli Soup---1 can (10 3/4 ounce) condensed cheese soup Week#6-Beef Taco Skillet with Cornbread Waffles--1 can condensed tomato soup (10 3/4 ounce)

How unadvisable.  Another reason I just don't see what the children are getting out of this arrangement. 

iVillage Member
Registered: 11-14-2011
Sun, 03-03-2013 - 8:33pm

This just goes to show how little that you really know about "low income".  Their children' MIGHT qualify for medical, but the adults very likely do not.  And if she is a sahm, the kids probably don't qualify either.

 

iVillage Member
Registered: 01-08-2009
Sun, 03-03-2013 - 8:38pm
I don't get all the hostility to this family. Now they're scamming the system, lol! They live a little differently from me and you. How very threatening!
iVillage Member
Registered: 01-08-2009
Sun, 03-03-2013 - 8:39pm
I didn't see those, Rose. That stuff does sound nasty!
iVillage Member
Registered: 11-14-2011
Sun, 03-03-2013 - 9:00pm

It is the same old song and dance.  The assumption that anyone who lives frugally needs to.  And that anyone who needs to, must be abusing the system and leaching off of friends and relatives.  And the latter is depriving their children of important childhood memories and activities and material possesions that all children are entitled to.  BAER

iVillage Member
Registered: 11-14-2011
Sun, 03-03-2013 - 9:06pm
This discussion kind of reminds me of one we had at a community forum recently. One man suggested that we give "these people" free seeds and teach them how to garden to save on their grocery bills. Funny thing, "these people" that he was talking bout are the homeless who don't have a pot to plant a seed into, let alone a yard to plant a garden.
iVillage Member
Registered: 03-01-2013
Sun, 03-03-2013 - 9:14pm
There must be more to this story. Pooling money for a few fresh fruits and vegetables once in a while doesn't pass the smell test when the mom is freezing gallons of milk and only making 1 monthly $400 grocery run. There have to be preservatives in the little they do buy to last the month ~ and some things just don't freeze and thaw well. Their low income may qualify them for Medicaid and other social entitlement programs. In other words, they are not exactly an "island." Taxpayers may be helping them with this article, the follow-up book and reality tv show. ;) Hmmm...yeah I am sure there is more to this story.
iVillage Member
Registered: 03-01-2013
Sun, 03-03-2013 - 9:15pm
I am sure, at least the father is being covered by the military. He is getting more from the military than probably the rest of the family.
iVillage Member
Registered: 03-01-2013
Sun, 03-03-2013 - 9:17pm
I don't think that it is all assumptions peachy. After so many years of hearing the song and dance, you realize how things really are. Maybe not for every family but for many out there. I am sure you know all different types of people and families and I would be surprised if you did not know one family that lived in a way you thought they should not but there is nothing much you can do about it.
iVillage Member
Registered: 03-01-2013
Sun, 03-03-2013 - 9:19pm
I donate clothes all the time but don't itemize those deductions. We have lots of job deductions so the clothes don't really take a big affect into the amount of money.

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