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 card debt, no car payment, and no mortgage. - Mitchell Tsai

Wagasky has been sharing her journey to living meaningfully and frugally on her blog, Blissful and Domestic, since 2009. http://www.blissfulanddomestic.com/ - Mitchell Tsai