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: 02-04-2009
Mon, 03-04-2013 - 7:43pm

reginageorge2005 wrote:
Believe it--my last tenant didn't have hot water for four months. When I called the gas co to get the utilities in my name, they informed me that they had been turned off for non payment 4 months earlier. Fortunately the court kicked her out when they did, I have no idea how the pipes wouldn't have frozen w/o heat in the building and it was getting cold. No hot water. For four months. Try to process that. B/c I'm still struggling w/it six months later.</p>

Wow.  I can't even imagine.  The furnace crapped out on me in January and since all the heating is hot water and that was the week when 24 degrees was the highest temp we had that week, it got a might chilly before I woke up and noticed. Fortunately, I have a wood burning stove insert in the fireplace, so I was able to get the front half of the house in the 70s and at least keep the back half of the house from dropping below 55, until the furnace guy got there at 1am and got the furnace back running again at 3. 

In the meantime I had to go to work after he left, so before he got there, I took a very VERY uncomfortable sink "bath"  by adding hot water from the tea pot into cold water from the tap in the sink. (I got pretty good at those after my knee surgery before the staples came out, but a sink bath in August is not comparable to a sink bath in January when the heat's out). 

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

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: 11-14-2011
Mon, 03-04-2013 - 7:57pm

Puss, I think storm victims come closer to understanding than anyone else, and those whose furnaces go out.  :) 

Oh, that reminds me... when I was in high school, our heater went out one winter.  It was during a cold snap, and apparently, that's when heaters die, b/c it took three days for the repair man to get to ours.  My mother stayed up all night, for three nights, b/c she ran the oven (and left the door open much of the time) to keep the pipes from freezing,

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Registered: 02-04-2009
Mon, 03-04-2013 - 8:07pm

lifespeachy wrote:
<p>Puss, I think storm victims come closer to understanding than anyone else, and those whose furnaces go out.  :) </p><p>Oh, that reminds me... when I was in high school, our heater went out one winter.  It was during a cold snap, and apparently, that's when heaters die, b/c it took three days for the repair man to get to ours.  My mother stayed up all night, for three nights, b/c she ran the oven (and left the door open much of the time) to keep the pipes from freezing,</p>

Oh, ack.  I can't even imagine. I was lucky; I'd just had an oil delivery and it must have stirred up gunk from the bottom of the tank just as the furnace tried to kick in; the repairman said the line was clogged and he cleared it out and got it working again pretty quickly (an hour and a half-ish).  Another friend of mine was 4 days that same week without a furnace because the entire system had to be replaced.  THAT sucked.

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

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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Registered: 06-27-1998
Mon, 03-04-2013 - 10:33pm

mycherubs wrote:
So you can't prove that you understand what poor people go through more than me, correct. Thanks. No need to continue this part of the thread then :)

Chubs, the evidence is in the thread.  

PumpkinAngel

Avatar for rollmops2009
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Registered: 02-24-2009
Tue, 03-05-2013 - 5:43am
"I can't imagine not having hot water or heat. To go without it for FOUR MONTHS?! " --------- My first apartment as a kid (last year of HS) was in a cold-water, walk-up flat in Copenhagen's old working class quarter. It was eventually rehabbed. It was quite the eye-opener, coming as I did from a cushy, suburban lifestyle. There was a tiny, terrible water heater attached to the faucet in the kitchen (for dishes). It did not heat more than a teacup of water at a time. There was no bathroom, just a toilet accessed by the backstairs landing and shared with the apartment next door. Since we were in HS, it was ok for us, we would just shower at school, in the locker rooms and we knew it was temporary. But there were people who had lived in those apartment for decades, raising families there etc.
Avatar for savcal2011
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Registered: 10-06-2010
Tue, 03-05-2013 - 10:32am

jamblessedthree wrote:
<p>We typically lump all our charitable donations together, from tithing at church to what we donate to the free store. </p>

You still have to have documentation for taxes. 

"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
Tue, 03-05-2013 - 10:33am

jamblessedthree wrote:
You shop like I wouldn't.

???  Not sure what you mean ...

"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
Tue, 03-05-2013 - 10:34am

pumpkinangel wrote:
<p><blockquote class="quote-msg quote-nest-1 odd"><div class="quote-author"><em class="placeholder">jamblessedthree</em> wrote:</div>What does BAER mean?</blockquote></p><p><span style="font-size:11pt; font-family:Arial, sans-serif">Big *ss eye role.  I do speak sarcasm fluently.  :)</span></p><p><span style="font-size:11pt; font-family:Arial, sans-serif"><br /></span></p>

BWAHAHAHAHAH!

"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: 12-07-2003
Tue, 03-05-2013 - 11:03am
Forgive me if someone has already posted this, but if you run a calculation here http://www.bestplaces.net/col/, making $14,000 in Las Vegas would be the equivalent of making $21,446 in your town.
iVillage Member
Registered: 12-07-2003
Tue, 03-05-2013 - 11:44am
Her menus are much healthier than anything you have posted over the years. Also, I imagine their income will increase significantly once the husband graduates. And since they have lived so frugally for so many years, they won't have a bunch of debt to payback. If they continue to be frugal, they are going to have more money for their kids as they get older than many people do.

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