Oily Rag - May 21, 2012: Frugal living in challenging times

The new era of savings is bringing huge benefits for many. The banks are flush with funds as households shift from net borrowers to net savers, which means banks are cutting interest rates to take business from their competitors.

Elmore Leonard 'justifies' his frugal living

"Justified," on FX, is one of the most exciting shows on TV right now -- it even earned cast member Margo Martindale an Emmy in 2011. All the positive hype is partially due to the gritty-dialogue style of veteran novelist Elmore Leonard.

Money saving tips from Living on a Dime

Tawra Kellam and Jill Cooper at www.LivingOnADime.com say frugal living is all about making the most with what you already have. Here is one of their live on a dime tips:

Frugal Living: Easy ways to store spare sheets

If you don't have a lot of storage space, you can still store your spare sheets with ease. Place them under your mattress, or fold them and tuck them inside a storage container and keep it under your bed. Or you can simply hang them on an open-ended hanger (made specifically for linens) in your closet.

Of faith and frugal living

Before she had children, Darcy Carmichael could not picture herself a stay-at-home mother. She wasn't big on cooking and cleaning. Today, the Manton woman is a stay-at-home mom of nine daughters, who range in age from 1 to 11 years old.