The Cheapskate Next Door

May 3, 2010
Yeager (The Ultimate Cheapskate’s Road Map to True Riches) is back with another energetic, likably eccentric lesson on living happily well below your means. Interviewing a variety of self-professed cheapskates, he finds—despite a diversity of lifestyles, backgrounds, and beliefs— common practices and philosophies when it came to money; their knowledge of how to live on less has insulated them from the economic crash. He presents their tips on frugal living in grocery shopping, entertainment, and sensible parenting, but the real value is in Yeager’s persuasive argument that an onset of “Spending Anxiety Disorder” is good for our wallets, our communities, and the environment. If we change the way we think about “want” vs. “need,” we can focus our time and attention on the truly valuable things—family, charity, passions, the early retirement that will make enjoying them longer possible—and if we consume sparingly, thoughtfully, and fully, our possessions will not consume us. Yeager and his “Miser Advisers” are proof that living more frugally isn’t about sacrifice—it’s about making choices every day to live a better, happier, more thoughtful life with less.

Starred review from July 1, 2010
Ah, yes, belt-tightening is the procedure of the day, from how giant businesses conduct themselves to managing ones own personal finances. It is the latter aspect of conservative spending that the author of the popular Ultimate Cheapskates Road Map to True Riches (2007) and of the blog Green Cheapskate addresses in this delightfulyes, delightfulguide for me, you, and everyone else. Personal finance is a universal concern, particularly in these tight economic times. It is a topic that people need to know about but still shy away from. Yeager is here to draw you in and does so easily. He does not use the term cheapskate in a pejorative fashion; after all, he lists himself as one and wishes that all his readers would aspire to cheapskateness. A cheapskate to him is someone who lives below his or her means and does so happily. How to spend less than you are spending now is the program he details; the amazing fact about this book is that in addition to his instructions making perfect sense, like no other book of its kind, this one can be read simply for the humor of the authors prose.(Reprinted with permission of Booklist, copyright 2010, American Library Association.)