Publisher, HighBridge Audio (December 2009)

Listen to a FREE audio clip.

From the economics correspondent for public radio’s Marketplace Money, a new plan for a new economic reality—the philosophy and practice of living frugally.

As a once-in-a lifetime downturn continues, trusted finance reporter Chris Farrell explains that there is a silver lining to this cloud. It is accelerating a trend already underway in America toward what he calls the New Frugality. In this friendly, approachable audio, Farrell explains both the theory and the practice of living frugally. He provides down-to-earth, practical advice for every aspect of your financial life, including:

* How to always maintain a “margin of safety” in your spending

* The frugal home: renting vs. owning

* The two best ways to save for college

* Wise debt vs. foolish debt

* Why giving your money away can be “newly frugal”

The New Frugality amounts to a paradigm shift in the way we spend and save. The good news is, a frugal lifestyle is one of less waste, lower environmental impact, greater peace of mind, and, over the long run, deeper satisfaction.

About the Author: CHRIS FARRELL is economics editor for Marketplace Money, a weekly one-hour personal finance show syndicated nationally on public radio by American Public Media. He is economics correspondent for two other American Public Media programs, the business program Marketplace and the documentary unit American Radio Works. He is contributing economics editor at Business Week magazine. Farrell is the author of two books: Right on the Money: Taking Control of Your Personal Finances and Deflation: What Happens When Prices Fall. He lives in St. Paul, Minnesota.