Whether you are just looking for ways to stretch your income even farther, or you are struggling to keep up with the bills, this book gives many ideas on money management. It’s written in a very down-to-earth style that is simple to understand. The Economides begins by listing the three principles the book is built on:
1 – Avoid debt like the plague.
2 – Live below your means.
3 – Embrace the thrifty lifestyle.
The authors go through each type of expense that people will have – housing, utility bills, clothing, groceries, medical care/insurance, cars, and entertainment. They give specific examples of situations in their family life, and how they were able to get the most for their money. They also have a fantastic chapter near the beginning of the book on creating a household budget. It covers figuring out where the money is going and then setting your limits. This books helps you catch the thrill of living a life of simplicity and economic balance!
Excerpt from page 256:
Some people put loose change in a jar to reach a goal; others reuse aluminum foil, clip coupons, or wash and reuse plastic zip bags to save money. None of these is a revolutionary new idea that will save you millions of dollars and make you rich overnight. These are little things. But we’ve come to realize that if we pay attention to the little things – turning off lights, watching gas mileage, being careful at the grocery store – all those little bits of money over time do add up. More importantly, the attitudes of conserving, planning, researching, and saving are being learned, reinforced, and improved upon. If we have established a habit paying attention to saving with little things, what will we do when we are faced with a large expense? We will practice the same habits. The biblical adage: “If you are faithful in little things, you will be faithful in much” is really true!