Meet Steve and Annette Economides and the rest of their familia. They are the "volcanic" article to search now on Google, a family of 7 in Arizona on an annual income of about $44,000.
The Today Show, which featured the Economides family in a segment, seemed flabbergasted that a family could get by wearing nice clothes and living in a large home — without buying on credit.
hear them talk (from Fox News)
Breaking down their budget to 19 categories, they paid off their first house in nine years on an average income of $33,000 a year. Their second home, which they estimate to be worth more than $700,000, was purchased for more than $200,000 and is almost paid off.
They plan every meal before going to the grocery store, building their menu around specials and coupons. The monthly bill to feed a family of seven is $350.
They don’t buy on credit. They buy late-model used cars with cash. They also budget cash reserves for auto and home repairs so they never have to dip into reserves.
Now the Economides are turning their frugality into fountain of moolah. They have a bestselling book titled "America's Cheapest Family," and a website.
[source 1 2]
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write on my notebook!