I respect my sister and brother-in-law for many reasons. One of those reasons is their wise financial stewardship. With eight kids (you can read the story of why they have eight kids here), they are able to live on a single income, and they managed to pay off the mortgage on their previous house several years ago. That financial flexibility allowed them to purchase a home with my parents two years ago so they could help my dad whose mobility suffered after a series of strokes.