The inexpensive meal will keep all eaters happy with a total cost of $4.72 and breakdown of $1.18 per serving.
Heat a large nonstick skillet over medium-high heat. Add the sausage and cook 4 minutes or until richly browned, stirring frequently. Set aside on separate plate.
Add the water, rice, frozen pepper mixture, tomatoes and thyme to the skillet. Bring to a boil over medium-high heat; reduce heat, cover and simmer 15 minutes or until water is almost absorbed.
Remove skillet from heat, stir in the sausage, parsley and hot sauce. Let stand, uncovered, for 5 minutes to absorb flavors.