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Kiplinger: Frugal Habits of the Super Rich

Michelle Obama

Age: 48

Estimated net worth: The Obamas' assets are valued between $2.6 and $8.3 million.

How she struck it rich: Combined wealth with her husband and author, President Barack Obama

Frugal habit: Shops at Target

The First Lady is thrifty, too. She was spotted shopping at a Target store in the Washington, D.C., area last summer. What did she buy? It's reported that Mrs. Obama picked up dog food and toys for the first family's pet, Bo. In addition to finding ways to save on everyday household items, the First Lady is also known to cut costs when it comes to fashion. Despite having access to practically any high-end designer line she wants, Mrs. Obama sometimes chooses to wear clothing from discount stores, such as H and M. She appeared on the "Today" show last year wearing a $35 dress from the retailer.

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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