With everyone watching their budgets, Rachael is looking for the most clever savers to share their tips for stretching a buck. She's featuring viewers with amazing tips for getting the most out of their money with a new series, "The Smartest Savers in America." Share your ideas here!

"I can smell a deal from a mile away, it's like my sixth sense," says Kathy, a 53-year-old stay-at-home mom who raised two children, and managed to purchase six cars and a 17-foot boat with no credit cards and an annual income of $40,000. "I refuse to pay full price for anything because I know that if I search for it I'd probably find the same thing or equal for a little bit better price." How does she do it? Click here for her travel ideas, and get the rest of her tips below!

Clothing: "For my family per year, I spent about $200 on clothes," Kathy boasts. "I shop church yard sales, flea markets, clearances sales." When she's looking for something specific, she keeps her eye out for sales and often uses eBay, setting a firm spending limit. "You've got to be patient." She also sticks to her "PPU" or "Price Per Use" rule when choosing items by evaluating how much use she will get over time from a purse or sweater to see if it is worth the price. It's a worthwhile splurge if the PPU is low.

Household Items: Kathy looks for deals every time she shops, and says her number one trick is to ask the salespeople questions like, where are the sale items and where is the clearance aisle? "I could not garden the way I want to garden if I did not shop that way," she says. The biggest deal she's discovered is to ask for damaged goods, which could simply mean ripped or open bags of potting soil and other supplies. "There might be five bags of ripped open peet that I'm going to get for 50 percent off."

Food: "The biggest area where I save weekly is food," Kathy says. She suggests asking a salesperson for the discounts. "Every area in the grocery store, when they reach the day of their last sale they mark them half price. If I bring it home and freeze it and get it out as I need it, it's perfectly fine."

Cultivate a Budget-Minded Attitude: Rachael asks this smart shopper how she got to be so disciplined with her budget, and Kathy says it began nearly three decades ago when she was a newlywed trying to buy her first home for $32,000. "I had to learn. We wanted this house!" she recalls, offering some advice for those struggling to create a budget of their own: "They have to be happy and joyful with what they can afford and what they have, live within their means," she says. "You have to make it fun or else it's going to be too stressful."