Hello!
We are a family of 6 with 4 boys (ages 13, 10, 6, and 3). DH came from a family of 6 and I came from a family of 9.
It seems like a lot of larger families home school and are Christian! Am I imagining it? My kids go to public school, and this fall our youngest will enter JK. I know that we have been lucky to have the option for me to stay home with the kids, but I am looking forward to a life outside the home soon.
We have 2 mortgages on 2 properties. The first was our starter home, which we bought in 2013. That mortgage/property tax is paid by the tenants and is currently scheduled to be paid off in about 17 years (although we plan to make some lump sum payments to accelerate that). At that time we will determine if we want to retain the property as a passive income, or sell and pay off the mortgage on our principle residence and/or pad our retirement.
We have never done allowances, though our oldest just took on a paper route and is funneling all of the money directly into a savings account. He is very money-conscious and frugal, and is highly motivated to save for post secondary education. We took our oldest two to the bank last month to open their own savings accounts.
We had paid off all outstanding debts outside of our mortgage this month. Finally! We are a single income family, although I have a side hustle and recently took on some very part time work.
DH previously had a great pension, but switched positions and doesn't have it anymore. We started an RSP this month using our LOC, so once we pay that back down we will be contributing as aggressively as we can to our retirement savings.
We are still fairly new to MMM, and I am more mustachian then DH. He is actually not very mustachian at all, but I am trying to work on him.