Fact Check—Economides Family

Economides Family 2016

Is Economides Really Your Last Name?

Economides is our real name. It’s pronounced Econo mee’ dis (it’s Greek and means “Son of the Steward).

Economides Family Members / Facts

Dad – Steve Economides

  • Married Annette in 1982
  • Born: 1957
  • Grew up in Chicago
  • Graduated Arizona State University (ASU).
  • 2-time All-American Gymnast at ASU.
  • Worked as an advertising account exec and graphic designer for 23 years.
  • Writes and publishes MoneySmartFamily.com website.
  • Co-Author of America’s Cheapest Family Gets You Right On The Money (A NY Times Best Seller), Cut Your Grocery Bill in Half with America’s Cheapest Family and The MoneySmart Family System
  • Hobbies: Weight training and home improvement projects.
  • Is of Greek descent.

Mom – Annette Economides

  • Married Steve in 1982
  • Born: 1960
  • Grew up on Long Island, NY
  • Scottsdale Community College
  • Sings with the Phoenix Symphony Chorus
  • Writes and publishes MoneySmartFamily.com website.
  • Co-Author of America’s Cheapest Family Gets You Right On The Money (A NY Times Best Seller), Cut Your Grocery Bill in Half with America’s Cheapest Family and The MoneySmart Family System
  • Hobbies: Reading books, sewing, crafting, and canning.
  • Is of Italian descent (mostly).

John Economides

Born: 1983. Works as a technical engineer/manager, producing events and running sound and lighting. Eagle Scout 2001. AA in Criminal Justice. Married Rachel in 2012, and has one child, Stark, born in 2014.

Becky Economides Ludwig

Born: 1985. Earned the Congressional Award Gold Medal in 2004. AA in Equine Science. Loves anything having to do with horses. Also has a business called Whimsical Whinnies crafting custom clay ornaments, table top carousel horses, and half-size replica carousel horses.

Married to Nolan in 2016.

Roy Economides

Born: 1989. Eagle Scout 2006. Currently living in Texas.

Joe Economides

Born 1992. Earned Eagle Scout in 2008. BS in Business Management from Grand Canyon University 2013. Married Sarah in 2014. and has one child, Jason, born in 2015.

Abbey Economides Nevitt

Born 1994. Graduated from Grand Canyon University in December 2015. BS in Athletic Training. Works at Grand Canyon University. Married Collin in 2014. Lives in Phoenix, AZ.


 

Family Facts

What is your view on Debt?

We’ve seen debt destroy so many lives that we encourage people to do as much with the money they do have as possible. Use Creativity Instead of Credit!

How quickly did you pay off your home?

We paid off our first house in 9 years on an average income of $35,000. Our current home has 5 bedrooms and is set on 3/4 of an acre with a citrus orchard— it’s paid off too.

Where do you Live?

We live in Scottsdale, Arizona.

How much do you spend on Groceries?

When we had 5 children living at home we spent $350 per month to feed the entire family—an average of $50 per person. The average family of four spends about $800 per month ($200 per person). We now spend less.

Have you ever had a car payment?

We’ve never had a car payment. We have always purchase pre-owned cars and paid cash for them. In a city our size, there is always someone looking to sell the very car we want. When we find that person, we always find a deal.

What’s your view on Kids and Money and Allowances?

We don’t believe allowances teach anything but an entitlement attitude. Rather than giving money to our kids, we invested money in them by teaching them to work for the money they earned from us. We’ve developed the MoneySmart Kids system to teach our five kids to earn, save and spend their money wisely. As a result they have paid cash for their cars and paid for their own college educations.

Do you have any pets?

We currently have two rescued German Shepherd dogs. In the past we’ve had lots of hamsters, two noisy parakeets and a breeding family of 5 box turtles.