How can a family with 13 children manage to live on $ 104 thousands a year without loans?

For more than 25 years, a couple with 13 children living in Maryland with an annual income of $ 110 thousands, never took loans and believes that they live a "pleasant and simple life", writes Daily Mail.

Rob and Sam Fatsinger are married 25 years. They raise 13 children, 12 of whom are their relatives, and 2 is a year-old child under their care, but they hope to adopt him in the future.

The man said that the eldest son 24 year. He is married and engaged in his career. Before that, he graduated from university, and the family did not pay a penny, all due to grants.

Another 4 child is enrolled in college, of which 2 will graduate this spring; 4 children go to high school, 2 in primary and 2 are still preschool. Interestingly, all children are home schooled. For high-school students, parents hire tutors on 2 every day of the week to fill the knowledge gap that they did not get while studying at home. For a family, this costs about $ 2500 per child per year. All children finish high school on 1 or 2 a year earlier.

“We have always been modest. That turned out to be a damn good thing, really. In addition to the mortgage, we never had debts or loans. We have no credit balance, no auto loans, no student loans, there is nothing .., ”said the head of the family.

Rob and Sam got married in the 1989 year, and a year later they had their first child. From 1990 to 2000, the couple owned a bookstore that was their main source of income. In 90's, their income exceeded $ 36 thousand per year. Needless to say, there was not a lot of money to make retirement savings.

In the summer of 2000, due to online commerce and the launch of Amazon, the couple closed the store. After that, Rob became interested in computer programming, which brought a steady income that was constantly growing: from $ 40 thousand to $ 104 thousand at the present time.

The couple spends about $ 15120 on food per year ($ 1260 per month), $ 465 per month on utilities, $ 150 per month on gas, and $ 225 per month on medical expenses.

Rob, who works from home, added that they spend about $ 200 per month on sports clubs for children.

The couple has $ 6 thousand in the reserve fund.

The family lives in their own home, for which they paid the mortgage in 2012 year. In order to repay her. they saved 12-15% every year.
Any additional money that manages to earn, the family postpones.

“My wife earns about $1,5-2 thousand a year by providing nanny or tutor services. We also sell items on eBay when the opportunity arises. It brings in somewhere between $500 and $2000 a year,” says Rob.

Rob and Sam implemented the concept of saving money with children from an early age.

“My children start working and saving at a young age. By age 12, they are babysitters, mowing grass, shoveling snow and providing other services for people,” he explained.

All 5 older children have cars that they have earned themselves. The same goes for colleges. Children from an early age learn to distribute their earnings.

Of course, with half a dozen children, we cannot do without illnesses, sleepless nights and experiences. Despite this, Rob finds time for his morning runs, and Sam spends his time at the gym every morning.

“We have a nice home, hobbies, and we enjoy life. Children go to many activities. Every year we go on vacation for a week,” says Rob.

Retirement savings couples amount to more than $ 180 thousand.

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