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.”