For many of us, the word “budget” is not on our favorite words list.
But as so many of us across Michigan discovered during the Great Recession, things can get mighty scary when there's a crunch and we don't have much in the piggy bank.
Detroit News Personal Finance Editor Brian O'Connor writes the "Funny Money" column, offering financial advice to his readers. During the Great Recession, Brian and his family felt the pinch. So he decided to find out if his family could cut its monthly expenses by $1,000. He has turned his experiment into a new book “The One-Thousand Dollar Challenge: How One Family Slashed Its Budget Without Moving Under a Bridge or Living on Government Cheese."
Listen to the full interview above.