Thoroughly mix the beef, 1/2 cup tomato soup, onion soup mix, bread crumbs and egg in a large bowl. Place the mixture into a 13-by-9-by-2-inch baking pan and firmly shape into an 8-by-4-inch loaf.
Bake at 350 degrees for 1 hour, 15 minutes or until the meatloaf is cooked through. Let the meatloaf stand for 10 minutes before slicing.
Heat 2 tablespoons pan drippings, remaining tomato soup and water in a 1-quart saucepan over medium heat until the mixture is hot and bubbling. Serve the sauce with the meatloaf.
Cost per recipe, $8.44; cost per serving, $1.06. Nutritional values: calories 266, total fat 13 grams, saturated fat 5 grams, cholesterol 96 mg, sodium 529 mg, total carbohydrate 13 grams, dietary fiber 1 gram, protein 22 grams, vitamin A 3 percent DV, vitamin C 3 percent DV, calcium 3 percent DV, iron 14 percent DV.