By Michael Inbar
TODAYshow.com contributor TODAYshow.com contributor
updated 9/29/2010 9:58:28 AM ET
Share Print Font: +-As the American economy sputters and families continue to struggle mightily just to keep their heads above water, the Economides family of Arizona believe they provide a model for how to not just survive, but thrive on a tight budget.
Eschewing credit cards, car loans and home equity borrowing, the clan of seven stay solvent and then some on just $44,000 a year — and that includes owning a home in the pricey Phoenix suburb of Scottsdale.
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