How A Family Of Four Manages To Survive On Just $14,000 A Year
Jason Wagasky, 31, is a member of the U.S Army, and he receives a cost of living allowance of $14,000 a year. He lives with his wife Danielle, 28, who spends her days taking care of their two young children at their Las Vegas home.
The $14,000 Jason receives is their only source of income, yet the family has no credit card debt, mortgage or car payments. How do they do it?
1. Danielle was greatly inspired by the popular book “America’s Cheapest Family Gets You Right on the Money.” It taught her the guidelines she lives by to support her family.
2. They hardly ever eat out and always cook. Danielle bought a $7 bread maker and buys baking ingredients in bulk from wholesale stores like Costco.
3. The majority of their possessions were either hand-sewn or made from scratch, from laundry soap to clothing to kitchen tools.
4. Aside from using a simple antennae to pick up basic cable channels, Hulu and Netflix are the primary entertainment sources in the home.
5. They spend $400 a month on groceries and that’s it.
6. They always pay cash. They have a credit card but it is only meant to be used for the most dire of emergencies, such as some recent medical bills.
7. They fill up their gas tanks once a month and combine every errand possible.
8. Both of their cars have been paid for in cash, therefore they have no car payments
9. There are no unhealthy snacks, only homemade granola bars and trail mix instead.
10. Danielle freezes dairy products in addition to fruits and vegetables. She apparently is able to freeze about 8 gallons of milk a month.
11. They save an insane amount of money by buying their produce from a food co-op.
12. They bought their home at a time when Nevada’s declining market allowed them to score a very cheap foreclosure. Jason and Danielle paid roughly $28,000 in cash for a small home and then installed a kitchen and wood flooring.
Sean Levinson | Elite.
via Business Insider