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.