The Economideses (publishers, HomeEconomiser newsletter) have been dubbed "America's Cheapest Family" and have appeared on NPR and Good Morning America. Here, they share their philosophy of avoiding debt and living within one's means, explaining how they do this with five children, having paid off a mortgage in nine years with an average salary of $35,000. They are not financial professionals and offer no quick fixes. This is a grass-roots version of Fred Brock's Live Well on Less Than You Think and is written for families electing to live on a single moderate income. With once-a-month grocery shopping and an almost total avoidance of the mall, the authors shun consumerism at every possible turn. They detail a primitive but easy-to-follow budgeting system that accounts for expenses and debt elimination. Their counterculture view endorses practices such as keeping a significant checking account balance and delaying investing, both commonly advised against by financial planners. An occasionally didactic tone and no mention of the many great Internet deals available are slight drawbacks. However, the numerous practical tips and ideas will surely hit the mark with frugal families everywhere. Recommended for all public libraries.-Tracy Mohaidheen, MLIS, West Bloomfield, MI Copyright 2006 Reed Business Information.
Of all the how-to-do-it books ever written, the best and most constructively useful are the Bible, Voltaire’s Candide- and this one. The time is right, right now, for somebody to give us all a top sergeant lesson in practical economics: ‘There is no free lunch.’ Congratulations, Annette and Steve Economides: I pray your readers will practice what you teach.”
- PAUL HARVEY, legendary American radio broadcaster and host of The Rest of the Story on the ABC Radio Network
“If your family is struggling with debt or you find yourself spending more money than you can legitimately afford, pick up and READ this book today! Implement the strategies you find and enjoy a lifetime free of financial anxiety!”
- Glinda Bridgforth, financial coach, Oprah Debt Diet consultant, and bestselling author of Girl, Make Your Money Grow! and Girl, Get Your Credit Straight!