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Meet the U.S. family of four that lives well on just US$14,000 a year
Financial Post ^ | May 12, 2014 | Mandi Woodruff, Business Insider

Posted on 05/12/2014 11:06:19 AM PDT by rickmichaels

Danielle Wagasky, a stay-at-home wife and mother of two, has managed to stretch $14,000 a year to cover her family’s needs for the past five years. That’s less than a third of the $50,000 median household income in the U.S.

And, perhaps a little surprisingly, she wouldn’t have it any other way.

Wagasky, 29, lives with her husband Jason, 32, and their two young children ages 9 and 7, in a three-bedroom family home in Henderson, Nevada. While Jason, a member of the U.S. Army, has been completing 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 debt, no car payment, and no mortgage to speak of.

Wagasky has been sharing her journey to living meaningfully and frugally on her blog, Blissful and Domestic, since 2009.

She was kind enough to chat with BI and tell us how she makes it work.

(Excerpt) Read more at business.financialpost.com ...


TOPICS: Miscellaneous
KEYWORDS:

1 posted on 05/12/2014 11:06:19 AM PDT by rickmichaels
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To: rickmichaels

If you live debt free, raise your own food, get the rest at places like Aldis, Sam’s Club, or Costco, you’d be surprised how good you can live on how little.


2 posted on 05/12/2014 11:09:30 AM PDT by Free Vulcan (Vote Republican! You can vote Democrat when you're dead...)
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To: Free Vulcan; rickmichaels

Total BS....GI Bill lasts for 3 years only. What are they doing the other 2 years. I wish they would at least be honest.


3 posted on 05/12/2014 11:13:11 AM PDT by napscoordinator (Governor Scott Walker 2016 for the future of the country!)
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To: rickmichaels

They probably get free Tricare, but not forever, and/or are on Medicaid. I wonder whether they get food stamps, free meals for the kids at school, heat aid assistance, 0bamaphones, etc. None of that is mentioned, but nothing says that they don’t receive any public assistance.


4 posted on 05/12/2014 11:15:00 AM PDT by NEMDF
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To: rickmichaels

Ruh roh....don’t let the Dims get wind of this. This goes against everything they stand for. They’ll be forcing entitlements on or completely ridiculing this frugal, self-sufficient family.


5 posted on 05/12/2014 11:15:40 AM PDT by Jane Long (While Marxists continue the fundamental transformation of the USA, progressive RINOs assist!)
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To: NEMDF
I wonder whether they get food stamps, free meals for the kids at school, heat aid assistance, 0bamaphones, etc.

From the article....

While Jason, a member of the U.S. Army, has been completing 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.

6 posted on 05/12/2014 11:17:07 AM PDT by Jane Long (While Marxists continue the fundamental transformation of the USA, progressive RINOs assist!)
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To: rickmichaels

She ought to write a “how-to” book on this...


7 posted on 05/12/2014 11:18:37 AM PDT by Little Ray (How did I end up in this hand-basket, and why is it getting so hot?)
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To: Little Ray

http://www.blissfulanddomestic.com/

Follow her blog.


8 posted on 05/12/2014 11:22:09 AM PDT by sheana
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To: sheana; rickmichaels

Good stuff.


9 posted on 05/12/2014 11:23:57 AM PDT by PieterCasparzen (We have to fix things ourselves)
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To: rickmichaels
They have enough wealth that they don't need a large income.

Many have negative wealth and large incomes.

10 posted on 05/12/2014 11:31:58 AM PDT by freerepublicchat
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To: Free Vulcan

I seem to recall some lady from rural Maine who was publishing a newsletter on how well you could live on an income like that if you pinched every penny, cooked from scratch, and were creative about fixing things.


11 posted on 05/12/2014 11:49:12 AM PDT by Buckeye McFrog
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To: Jane Long

Some people define “income” as cash money coming in. None of the public assistance benefits would necessarily be classified as “income”.


12 posted on 05/12/2014 11:58:07 AM PDT by NEMDF
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To: napscoordinator

It could be, like me in the early 70s, completing my degree in three years with credits I had already earned before and while on active duty. Not everyone goes to college with zero credits.


13 posted on 05/12/2014 12:11:52 PM PDT by RJS1950 (The democrats are the "enemies foreign and domestic" cited in the federal oath)
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To: rickmichaels

Duh. Hello. White privilege obviously.


14 posted on 05/12/2014 12:15:17 PM PDT by rktman (Ethnicity: Nascarian. Race: Daytonafivehundrian)
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To: RJS1950

I’m single, and I could never live on that. Wish I could (then again, I live in the D.C. area, and it’s almost impossible to live here on ANY salary!).


15 posted on 05/12/2014 12:15:42 PM PDT by freepertoo
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To: freepertoo

Your situation is a matter of residence. I can see that it could be done depending on where they live, how much they pay for housing, etc. Place of residence has a huge bearing on this. My wife and I easily lived on less percentage-wise in the mid 70s when I went back to school. We weren’t starving but it was tight for most of that time.


16 posted on 05/12/2014 12:21:00 PM PDT by RJS1950 (The democrats are the "enemies foreign and domestic" cited in the federal oath)
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To: napscoordinator

It’s 48 months...which with breaks and everything can be drawn out to 5 years. Also IIRC with the new Post 9/11 bill if yours expire in the middle of a graduating semester they will still pay you for that semester.


17 posted on 05/12/2014 12:59:56 PM PDT by aft_lizard
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To: freepertoo
My family would be living under the GW Bridge on 14K. Please who wants to live like that is it wrong to enjoy some luxuries in this life?
18 posted on 05/12/2014 1:02:21 PM PDT by angcat
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To: rickmichaels

We lived for three yars on $10,000 while starting a business. We lived in the country, produced most of our own food and were debt free. We had 7 kids at the time.


19 posted on 05/12/2014 1:08:20 PM PDT by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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To: NEMDF

TRICARE is for active duty and retired military and is not free.


20 posted on 05/12/2014 1:45:32 PM PDT by Nuocmam
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To: rickmichaels

At $14,000 per year there is one blaring fact missing from this story. NO TAXES. They aren’t having 40% of their money taken to fund Obamacations.


21 posted on 05/12/2014 3:08:05 PM PDT by Organic Panic
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To: rickmichaels

It can be done...the family will have to be strong to do it.


22 posted on 05/12/2014 6:23:28 PM PDT by ExCTCitizen (I'm ExCTCitizen and I approve this reply. If it does offend Libs, I'm NOT sorry...)
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To: angcat
Please who wants to live like that is it wrong to enjoy some luxuries in this life? I'm with you. I suppose living on $14,000 could be done out of necessity - especially if you live someplace like Nevada. But why would you want to if you had a choice? I'm almost embarrassed to admit it but I probably spend that much a year just eating out.
23 posted on 05/12/2014 6:45:27 PM PDT by SamAdams76
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To: PatriotGirl827

bookmark


24 posted on 05/13/2014 7:49:13 AM PDT by PatriotGirl827 (O Mary, conceived without sin, pray for us who have recourse to thee)
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