Cheapest family in America shares tips for saving money (VIDEO)

18 December 2008 @ 12:56 pm EDT

With Economides as a last name; America's cheapest family knows all about being economical.

Steve and Annette Economides manage to feed their five children on $350 a month, paid off their home in nine years, purchase all of their cars with cash, put money in savings, and still take vacations.

The big question is how do they manage that? In their latest book, America's Cheapest Family Gets You Right on the Money: Living Better, Spending Less, and Cashing In on Your Dreams, helpful tips and advice is given all the way from groceries to paying off your mortgage.

Guidelines on how to set up a household budget is also given.

One of the biggest slices of the monthly pie is the monthly food bill; see how to slice that in the video from Fox 10 Morning News Anchor Ron Hoon on a grocery trip with the Economides:

This article is copyrighted by International Business Times.

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