20th Century Fox has hired screenwriters Lisa Addario and Joe Syracuse (Us & Them) to write a new, untitled film based off the writings of journalist W. Hodding Carter, according to Risky Business Blog.

The film will focus on the extreme measures Carter took with his family to cut down on spending. He decided to put his family on a budget of $550 a month, after mortgage payments, which lead to such bizarre activities as farming and raising chickens in their front yard, eating roadkill, making their own birthday gifts, bartering with neighbors and much more, and how the family found happiness in this way of life.

Carter had written columns, a blog and has a book entitled "A Year of Living Within Our Means" in the works as well. Stacey Sher and Michael Shamberg will produce the film.

No director is attached and a production schedule wasn't released as of yet, but we'll be sure to keep you posted with any further updates on this movie as soon as we have more information.