You can also add any kind of seasonings you like, it's really an empty palette, and you can flavor it any way you want. I know this is kind of long, but it's really good, and easy to prepare, especially on those nights when you just can't decide what to make for dinner. In a saucepan, over medium heat, heat about 1 tablespoon of olive oil. Add about 3 tablespoons of flour. Whisk very frequently until it reaches a boil, and then reduce heat to very low, continuing to whisk for a bit.
Any combination is tasty.
After the rice has cooked about 10 minutes, I quickly add diced onions, carrots, and red bell peppers. Ten minutes later, I add broccoli and dried herbs. Of course, the vegetables and the herbs can be varied. Experimentation is fun. I don't have any recipes for a low cost alternative.