Learning from the most frugal of families

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Smart Spending combines the best money-saving tips from MSN Money and the rest of the Web.

This blog is co-hosted by two experts on stretching dollars. Karen Datko is a veteran journalist based in Montana who finds the best tips from around the Web. Donna Freedman is a veteran journalist, student, and handywoman in Washington who appears in this video and moderates the MSN Money Smart Spending message board.

Smart Spending received the 2008 Clarion Award for best regular column in online journalism.

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Posted Oct 03 2007, 12:45 AM by Karen Datko

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Filed under: family, savings, budgeting, homes, credit cards, raising children

An admirer of America's cheapest family recounts the lessons he's learned from the Economides clan, a married couple and five children who live on $35,000 a year (and paid off their house in nine years) in Arizona. Teamwork, organization and an unwavering commitment to make frugality a lifestyle (these folks don't use credit cards) work, and even the smallest savings add up.

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