Book review – The Ultimate Cheapskate’s Road Map to True Riches

By Jeff Yeager.

I loved this book. It’s a bit rude in places – a couple of curse words and several sexual innuendos – but it was funny. Basically his road map includes such ideas as setting a standard of living early on and sticking to it in spite of raises and bonuses. All that “extra” money can go towards paying off debts and your home. Drive your (used) car until it falls apart, and don’t skimp on regular maintenance, so that it lasts longer. “Buy a house, not a mansion.” Buy a “starter home” and finish in it if possible. With few exceptions (people with 12 kids or something like that), no one needs a humongous house. It’s perfectly possible to live quite comfortably in a moderately sized home. And think of all the time you’ll save not having to clean all that square footage! Not to mention heating/cooling costs.

This is not a step-by-step guide to paying off bills and investing but rather a guidebook, showing you the attitudes and skills you need to have to live better on less. Mr. Yeager is a veteran of management and fundraising positions in several nonprofit organizations; he knows how to stretch a budget, both at work and at home.

If you implement even a few of his strategies, you are bound to save money. One thing that matters though – Mr. Yeager rides the line between cheapskate and frugal. He advocates doing for yourself wherever you are able, using recycled materials, and using things up. He shops at the dollar store and uses buy one, get one free coupons whenever he can. He doesn’t advocate always buying the lowest priced thing and, when giving housing advice, advises buying an older house in a more established neighborhood because they are generally built better.

This book is about convincing you that less is more, and he does quite a good job.

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1 Response to Book review – The Ultimate Cheapskate’s Road Map to True Riches

  1. says:

    I liked his book, too. He’s such a character.

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