America’s ‘cheapest’ family

Having survived America’s economic crisis Steve and Annette Economides, authors of America’s Cheapest Family Gets You Right on the Money: Your Guide to Living Better, Spending Less, and Cashing in on Your Dreams, have developed some clever ways to live frugally on a modest income and feed a family on a tight budget.

With Steve on a low salary of only $13,000 a year at a printing company, and Annette being a stay at home mum the couple used creative methods to live off one income, such as Annette learning how to sew to make her own maternity clothes.

Steve says that by keeping a tight control of their budget they never had to rely on credit to support their lifestyle.

The average American family of three spends $6,129 a year on food. Even with seven mouths to feed, the Economides only spent approximately $4,200 annually on food.

The secret according to Steve is to curb the number of trips to the supermarket that way there is less temptation to impulse buy and only buy what’s on special or discounted keeping an eye out for price promotions.

Source:
http://au.pfinance.yahoo.com/money-manager/smart-saving/article/-/16374870/meet-americas-cheapest-family

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