The Ultimate Cheapskate on “How to Retire the Cheapskate Way”

Folks who were lucky enough to be in New Orleans for Life@50+ National Event got a taste of the cheap life from AARP’s savings expert and Ultimate Cheapskate Jeff Yeager. Think living frugally has to be boring? Think again – and Jeff’s session was anything but. Jeff shared some advice from his upcoming book, How to Retire the Cheapskate Way: The Ultimate Cheapskate’s Guide to a Better, Earlier, Happier Retirement (due out in December).  A lot of what he shared is applicable for folks at …

Get Ready for the AARP Savings Challenge

Let the games – and the money saving – begin!  Next Monday, April 2, we’re kicking off a special springtime edition of Savings Challenge, a chance for you to share your penny pinching tips, learn some new ways to save money, and maybe even win some terrific prizes! Every week from April 2 through April 29, we’ll be hosting a week-long challenge, asking for your best tips and stories as they relate to a specific money-saving topic I’ll announce each Monday.  …

When Frugality Goes Wrong

As a professional cheapskate, I have an allergic reaction whenever I pay more for something than I think it’s really worth. But there have been a few times when I’ve attempted to economize and later regretted it. Here’s my Top Six List of Frugality Gone Wrong: Wimpy power tools: As a general rule of thumb, I’ve found that it always pays to buy the best tools you can afford at the time.  This is true not only of power tools, …

Study: Older Workers Spend Less. And You?

I knew it! And now there’s another new study that backs me up. I’ve always suspected that young people – not just today, but in past generations as well – are less likely than their elders to appreciate the value of a dollar. In fact, I contend that increased frugality is a natural, subconscious part of aging.* The latest study to support my theory of aging thriftily was released this month by the recruiting and staffing firm Accounting Principals. Among …

Diary of a Fiscal Fast

Go for a week without spending ANY money?!  It’s spending detox, what I call a “fiscal fast.”  Give it a try a couple of times a year.  You’ll save a few bucks, use up stuff you have around the house, and gain a new understanding of how you spend – and probably waste – money in a normal week.  It’s a challenge, but it’s also kind of fun. My wife and I just did a fiscal fast last week, and …

12 Ways to Save $12 a Week in 2012

I had a nightmare on New Year’s Eve, a weird fusion of Herman Cain lecturing me about his 9*9*9 tax plan and an ancient Mayan princess warning me that the world will end on 12*12, all the while a toucan fed me Coco Puffs atop a Mayan temple.  Maybe too much champagne? When I woke on the first day of the New Year, I knew what I had to do:  Share 12 ways you might be able to save $12 …