Hello, we’re the *Smith family– mom, dad, and five kids– living in the Pacific Northwest. Mr. Smith works in aerospace, and his gross pay is around $100K a year. Mrs. Smith is not employed, but spends her days managing the household and the children, who range in age from toddler to teenager.
We started our married life with frugal habits and a respectable savings rate. However, some major life changes– moving across the country, having a baby, buying a house, having another baby. . . and then another. . . all in the space of five years– threw us into survival mode, and those frugal habits largely fell by the wayside.
Now that our family life has settled down, it is time to take stock of where we are, and start building better habits in order to achieve the life we want for ourselves and our children. That, in a nutshell, is why Mrs. Smith started this blog.
*Not our real name- anonymous financial makeover, remember?