Practice English Speaking&Listening with: How America's Cheapest Family Lives(Part 1)Tips to Save Money w/ Kids

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Scottsdale, Arizona; a Sonoran desert town, in the Valley of the Sun. It's a city

known for fine arts and great golf. Scottsdale has been called the most

western town in the west and the Beverly Hills of the southwest. It's also home to

Steve, "well they got plain and they got

strawberry" and Annette Economides, "this the time when I wish I was just a little bit

taller." "Frugal; Thrifty; Tightwad; Thrift-a-holics", they've been called lots

of things but America's Cheapest Family has stuck. If you spend more than you

earn, you're in a world of hurt. They're the authors of the Home Economizer

newsletter, that led to a book, both are designed to save people money. Our goal

there, with the newsletter and with the website, is to help people beat the

system. To stop living under the pile of debt and discover the freedom that we

found. What else do we need from produce? That freedom comes with a lot of

planning, which pays off first in savings at the grocery store.

They've got some markdown stuff in the wall deli, they've got some deli creation

hot sandwich melts for 49 cents. Quaker, Quaker, Quaker, you got yogurt, it was on sale

for a buck ninety-nine for 32 ounces. Do you have a coupon for it? Armed with

their walkie-talkies and coupons, Steve takes the outside aisles, mostly meat and

produce. Alright, you've got a look at your prices carefully. Annette gets the rest. They

plan family menus in advance and only shop once each month, to avoid impulse

buying. How much are they and do you have a coupon? The family Clips coupons, but

only if they have time, and if it's something they would want to buy. Don't

stress, if you don't have the time to do couponing, there's plenty of other

strategies that, that can be employed to save on your groceries. One of

those strategies is watching the sales ads closely. Grocery ads that are in your

newspaper, are like your lottery tickets. The couple sets a buy price on

everything. Ninety nine cents a pound, that's our buy price. If we can get it for

under a dollar, we're gonna pick it up. And if something meets that buy price

they stock up. When jelly is 32 ounces for 99 cents,

that's the time to buy six or twelve of them, not one. That will set us up until

the next time it's on sale. So we're never paying retail price for anything.

Gummy tarantulas, you got to have those. The family has whittled their grocery

expenses down to $350 a month, for a family of seven. We gave them $100 for

groceries, to see how far it would stretch. You saved one $114.37 that is 53%.

They went a little over, but Steven Annette bought more than $220 worth of

groceries, for 103 dollars and three cents.

From the grocery store, we turn to the consignment store where the family gets

all of their clothing. How about a purple Becky? That's a chap suit for 60 bucks.

"What about this?", says daughter Abbey. The family says, at consignment stores, you can find

name-brand clothing, for ten cents on the dollar. Do you need one? A silver purse? Sure, try this on.

Let's see if it fits you. And if you're a little bit squeamish about used stuff, take it

home and wash it or have it dry cleaned. Annette says consignment stores have

dramatically improved and are now clean and organized. Half wet suit, would that be

better for waterskiing than what you have? There's no way you're gonna fit in

a size six boot Becky, no way. Roy these are brand new, adult leader Scout pants.

Again, we gave the family 100 bucks to see if

they could outfit the whole family. They did it for less, 84 dollars 26 cents.

The family says planning in advance and looking for bargains can save. And the

truth is, as you gain success little by little, it does become really fun and

actually, really addicting. The family strategy isn't just about saving money

on groceries or clothing it's also about being totally debt-free, no credit cards,

no car payments, and paying off the house as quickly as possible. Only spend what

you have, know where you are, and you got to have a system to manage your money! You get to put the granola bars away.

For the Economides Family, that system is a budget.

Everything is pre-planned, including saving to pay cash for cars. Every

purchase is evaluated. There's money for food, there's money for clothes, there's

money for medical things. You know when you go to sleep at night knowing

that you're all up to date, there's peace. And for the Economides family, peace

also comes from contentment. Italian sausage 25% off. Being happy with what

they have, what they earn and what they do without. We spent too much time focusing

on what we don't have and what other people do have. So don't beat yourself up,

don't be depressed, don't say, "I will never

be able to crawl out of the hole that I'm in. Get up today and just start doing

something. Craig Day, the news on 6:00, tonight.

Craig says the Economides family paid off one house and then used that equity

but to buy their current house, which they also expect to pay off early. And

they've raised their family of seven, debt-free on an average family income of

about $35,000 a year.

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