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: 03-01-2013
Mon, 03-04-2013 - 9:55am
Bea--is this your first poster name on this board?
Avatar for BeaArthurisMyReligion
iVillage Member
Registered: 02-20-2013
Mon, 03-04-2013 - 9:55am

believe it or not it is still possible to limit expenses even when one's children seen what others are "doing and buying" it's called saying 'no.'

iVillage Member
Registered: 11-14-2011
Mon, 03-04-2013 - 9:57am

Oh Thardy, you are back.  Can you please explain why you were amazed at my comment last night?  I sincerely did not read anything that I thought was "wow" worthy, and I was hoping that you could help me out.

iVillage Member
Registered: 03-01-2013
Mon, 03-04-2013 - 9:58am
No, Bea I think we all understand (or maybe I can just speak for myself) that people lead different lives. The article was basically to show others how they can save money and cut things out or down in their lives. These type of articles are great, especially for young couples who need help but they NEVER tell the entire story, EVER.
iVillage Member
Registered: 11-14-2011
Mon, 03-04-2013 - 9:59am

Bea, say it isn't so.  People actually tell their kids "no"?

iVillage Member
Registered: 11-14-2011
Mon, 03-04-2013 - 10:00am

The vast majority of "middle class" americans don't really want to cut their spending.  They just want MORE.

iVillage Member
Registered: 03-01-2013
Mon, 03-04-2013 - 10:01am
Oh Bea, believe me about knowing how to say no. lol. The point is that many families try to avoid the "outside things" for their kids by limiting TV or having no TV and homeschooling. It IS harder to say no but that is part of a parents job. If these children DO eventually go to school, they will encounter MANY things that will cost more than they will realize by just keeping them home and that small salary will not work anymore. Hopefully by then the husband will have had graduated and gotten a full time job as I don't think $14,000 is always going to work.
iVillage Member
Registered: 03-01-2013
Mon, 03-04-2013 - 10:03am
Peachy-do you have a study on that?
iVillage Member
Registered: 09-01-2002
Mon, 03-04-2013 - 10:04am

No, that's okay if you didn't understand.  Whether poor or not, many women like nice things whether they can afford them or not.  At first I thought that insensitve man telling the homeless to plant seeds was posting.

iVillage Member
Registered: 09-01-2002
Mon, 03-04-2013 - 10:05am

LOL.

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