He’s at it again, but this time he’s not alone. America’s Ultimate Cheapskate is back with all new secrets for how to live happily below
your means, á la cheapskate. For The Cheapskate Next Door
, Jeff Yeager tapped his bargain-basement-brain-trust, hitting the road to interview and survey hundreds of his fellow cheapskates to divulge their secrets for living the good life on less.
Jeff reveals the 16 key attitudes about money – and life – that allow the cheapskates next door to live happy, comfortable, debt-free lives while spending only a fraction of what most Americans spend. Their strategies will change your way of thinking about money and debunk some of life’s biggest money myths. For example, you’ll learn: how to cut your food bill in half
and eat healthier as a result; how your kids can get a college education without ever borrowing a dime
; how to let the other guy pay for deprecation by learning the secrets of buying used, not abused
; how you can save serious money by negotiating and bartering
; and how – if you know where to look – there’s free stuff and free fun
all around you. The Cheapskate Next Door
also features dozens of original “Cheap Shots” – quick, money saving tips that could save you more than $25,000 in a single year! Cheap Shots give you the inside scoop on:
• How to save hundreds on kids’ toys;
• What inexpensive old-fashioned kitchen appliance can save you more than $200 a year;
• How you can travel the world without ever having to pay for lodging;
• What single driving tip can save you $30,000 during your lifetime;
• Even how to save up to 40% on fine wines (and we’re not talking about the kind that comes in a box).
From simple money saving tips to truly life changing financial strategies, the cheapskates next door know that the key to financial freedom and enjoying life more is not how much you earn, but how much you spend. Jeff Yeager
is the author of The Ultimate Cheapskate’s Road Map to True Riches,
and has appeared as a guest correspondent on the NBC Today Show and Discovery’s Planet Green network. He is also the author of the popular blog The Green Cheapskate
Visit his website www.UltimateCheapskate.com
Reading THE CHEAPSKATE NEXT DOOR is like looking in the mirror on a very good hair day - I see myself and I like what I see. the mirror, of course, is the passel of stories Jeff serves up with good humor about cheapskates like me from around the country. I see myself in almost every one of his 16 Idiosyncrasies of the Cheapskate Mind. I've dump picked, cherry picked yard sales, carefully picked every purchase, always for a fraction of retail. Like my Cheapskate clan, I'm a bit smug about it all - feeling smart rather than deprived - especially in this recession that has barely affected my financial peace of mind. Jeff is the consummate troubadour for our clan. If you don't save 10 times the amount you spend on this book, you probably didn't read it.” – Vicki Robin, author of Your Money or Your Life
""I loved this book and couldn't put it down, it is an absolute must-read. Jeff puts the fun back in frugality with entertaining insights from ""cheapskates"" all over the country, sharing their secrets on how to live happy, less-stressful lives on the cheap…I think everyone in the country should read this book."" --Stephanie Nelson, founder www.CouponMom.com and author of ""The Coupon Mom's Guide to Cutting Your Grocery Bills in Half”
“Jeff Yeager has a way of unleashing the inner cheapskate in us all!” – Jean Chatzky
“I’ve written that there are three basic ways to finish rich: spend less, make more, save more. Jeff Yeager has discovered a whole class of happy Americans who pride themselves on mastering the ‘spend less’ part of the equation. The Cheapskate Next Door proves once and for all that living happily within your means is possible at practically any income.” -- David Bach #1 New York Times Bestselling author of The Automatic Millionaire and Start Late, Finish Rich
“Jeff Yeager's research and cross-country cheapskate quest uncovered a truth few Americans know: Not only can you be happy buying less stuff, you would likely be happier. Who are these people who opt out of the consuming rat race? They are The Cheapskate Next Door. For them, spending less is not about deprivation; it's about liberation. And Yeager will tell you all about them -- and their secrets -- in his usual conversational and humorous style.
A must-read for those who want to jump off the consumer treadmill and discover what's really important.” --Gregory Karp, syndicated newspaper columnist and author of Living Rich by Spending Smart and The 1-2-3 Money Plan
""Whether you are a born penny pincher or merely cheapskate-curious, you're bound to learn something from the Cheapskate Next Door."" -- USA Today
“The Cheapskate Next Door” by Jeff Yeager, suggests that the simplest solution is to live substantially below your means. Let’s deal with Mr. Yeager’s book first, because it is the better of the two. One reason is that Mr. Yeager, a former executive with a nonprofit association who now writes about saving money and runs Ultimatecheapskate.com, is so amusing.
Here’s one quick example: Conceding that he may have taken the idea of skimping on new clothing too far, Mr. Yeager tells what he says is a true story about arriving early for a book signing to which he had traveled by bicycle. (Driving costs you money in gasoline and depreciation.)
“I was dressed as I usually am when I am cycling, in ratty-looking shorts and a faded T-shirt,” from a 1978 rock concert, as it turns out, he says. “I decided to take a few moments to relax before the signing, so I sat down on a park bench outside the bookstore with my trusty but tattered 10-speed” next to him.
“A nicely dressed older woman walked up to me, opened her purse and tried to hand me a $10 bill, saying, ‘You poor man, you look you could use some help.’ ”
Mr. Yeager was at that book signing promoting his previous book, “The Ultimate Cheapskate’s Road Map to True Riches.” In that one, he offered his personal money-saving tips like these: Never spend more than $1 a pound for meat at the supermarket — advice that leads him to eat such things as beef hearts and kidneys — and always rummage around in couch cushions at hotels for loose change. (“Those things are like upholstered A.T.M.’s.”)
This time around, he talks to his fellow cheapskates, a moniker they wear with pride, about their money-saving ideas. Many of their tips are clever twists on the conventional.
For example, cheapskates always refinance their homes — when it makes sense. First, they make sure the length of the new mortgage is less than the years remaining on the old one. If they have 19 years to go on their old mortgage, for example, they get a 15-year mortgage when they refinance. That way, they will own the house free and clear four years earlier. And it goes without saying that they buy substantially less house than they can afford. Not o