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We believe that the world has entered a new era, and we need a new way of life. Taoism may provide a good choice. Everyone is welcome, and please leave your  comments.      Please visit: http://taoism21cen.com       Dr. You-Sheng LI.

 

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How This Family of 4 Lives Well on Just $14,000 a Year

How This Family of 4 Lives Well on Just $14,000 a Year



Living off of 14,000 a year - budgeting successIn the years since the recession, the median household income in the U.S. has dropped to just over $50,000, while fixed costs like health care, higher education, and housing have only soared. Now imagine trying to support a family of four on a fraction of that income.

It's a reality that stay-at-home wife and mother of two Danielle Wagasky has lived for the last four years. And, perhaps a little surprisingly, she wouldn't have it any other way.

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 debt, no car payment, and no mortgage 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 tell us how she makes it work.

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