197: Jeff Yeager, "The Ultimate Cheapskate"

Published: July 27, 2015, 7 a.m.

b'What\\u2019s your definition of cheap? Do you think you\\u2019re cheap? Is the person you\\u2019re living with \\u2013 cheap? I got into trouble once because I went on ABC news and talked about MY personal definition of cheap versus frugal\\u2026To me, being cheap means wasting time and energy to save money, being inconsiderate or rude or harmful in your pursuit of saving money. And as an example I mentioned some forms of extreme couponing. And boy did that get the couponers MAD! I got SO much hate email\\u2026! Now, not all couponing is bad. But I know there are people out there who spend hours a day to cut coupons and all they save is $20 or $30. $20 or $30 is not insignificant BUT when you account for all that time and energy and perhaps the fact that you were cutting coupons while your son needed your help with his science project\\u2026(I\\u2019m making this up!) that perhaps you\\u2019re not being frugal. You\\u2019re being CHEAP. And if you\\u2019re going to hate me for saying that, that\\u2019s OK by me! And all of this brings me to TODAY\\u2019s guest. Jeff Yeager, dubbed \\u201cThe Ultimate Cheapskate\\u201d by Matt Lauer on NBC\\u2019s Today Show, specializes in teaching others how to spend smart in order to spend less and living frugally.\\xa0 He is also an accomplished author of several books on the topic, including \\u201cDon\\u2019t Throw That Away!\\u201d \\u201cThe Cheapskate Next Door\\u201d and \\u201cThe Ultimate Cheapskate\\u2019s Road Map to True Riches\\u201d. He hosts The Cheap Life on YouTube which also provides video content about living the good life at a fraction of the cost. If you\\u2019re an AARP member, perhaps you may recognize today\\u2019s guest as he is one of their saving\\u2019s experts. \\xa0


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