How the Amish save money

Published: Tuesday, May 6 2014 2:25 p.m. MDT

An Amish girl peers out from a buggy as it rides through an intersection Tuesday, Aug. 27, 2013, in Middlefield, Ohio.

Tony Dejak, Associated Press

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What do the Amish have to teach about personal finance? Quite a lot, it turns out.

“Our culture is all about, ‘How can I get the latest iPad?’ (The Amish) don’t think that way at all,” Lorilee Craker, author of “Money Secrets of the Amish: Finding True Abundance in Simplicity, Sharing, and saving,” told MarketWatch’s Quentin Fottrell in an interview.

Fottrell asked Craker a series of questions aiming to understand what’s so different about the Amish approach to money, and Craker was more than ready with plenty of answers.

“It’s this incredible bone-deep thrift, which is not really stinginess. It’s a generous frugality. They will go to great lengths to re-use, re-cycle and re-purpose,” Craker said. “They don’t do it to be green, they do it to be thrifty.”

Read the rest of the article at Marketwatch.

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