Lifestyles of the Rich and Frugal

“If you buy things you do not need, soon you will have to sell things you need.” That sounds like something any one of the hundreds of proud, self-proclaimed “cheapskates” I’ve written about over the years would say. And it is a major tenet of living a frugal, simpler life — one which, I would argue, is ultimately happier, less stressful and more rewarding. How Far Could You Travel with $10,000? Enter our Winter Escapes Sweepstakes now! See official rules But …

How to Be a Charitable Cheapskate

It’s the kind of news story that makes national headlines every year or two: A person of seemingly modest means secretly amasses a small (or not so small) fortune while leading a frugal lifestyle, only to reveal that wealth by giving it all away to charity. The latest jaw-dropper came from 98-year-old Jack MacDonald of Washington state. He died in September and left a surprise fortune of $187.5 million to Seattle Children’s Research Institute, the University of Washington School of …

Check Out These Affordable College Care Package Ideas

If you have kids or grandchildren away at college, they’re likely to be feeling a little homesick right about now.  Care packages from back home are always appreciated, but they mean even more as students get settled into campus life.  Here are some ideas for putting together college care packages that student will love, but won’t break the bank. Unused Gift Cards: Every year about $2 billion in gift cards go unredeemed.  If you’ve been given a gift card that …

The Man Who Invented Target

From the time that F.W. Woolworth invented the five-and-dime store in the late 19th century, Americans have always been crazy about low prices. But it was Douglas J. Dayton and his family’s Target chain of stores who sold Americans on the idea that buying inexpensive wares at a discount store could be fashionable as well as frugal. When Target opened its first store in Roseville, Minn., in 1962, a newspaper ad announced: “Here’s news for people whose taste runs to …

Tips for Cheap Summertime Fun

Ready for summer fun? Cheap Life host Jeff Yeager shares his tips for frugal summer entertainment if you like to take in baseball, theme parks or a swim at the beach. Be sure to enter your your favorite free summer activity at the bottom of the video for a chance to win a $50 gift card.   Also of Interest 5 Frugal Lessons from My Father How to Have a Successful Yard Sale Join AARP: Savings, resources and news for your well-being …

Cheap, Easy Ways to Store Holiday Decorations

The late Andy Rooney once wrote: “One of the most glorious messes in the world is the mess created in the living room on Christmas Day. Don’t clean it up too quickly.” I agree, and I’ve also always argued that you shouldn’t be too hasty when it comes to picking up after the year-end holidays in general. After all, how many times a year do you have a tree inside your house, hosiery decorating your fireplace mantel, and a whole …