Jeff Yeager: The Ultimate Cheapskate

Posted in Saving Money , Savings Account • December 4, 2011

jeff yeager

This post is part 4 of our 12 Days of Finance series. If you haven’t voted for your favorite expert yet, make your top choice known below!

What sets Jeff Yeager apart from the other experts on our top 12 list? Well, to start, he’s the only financial guru to answer his own phone when we called. Actually, Yeager really enjoys phone time with fans:

“For that matter, tell your readers that they can call me anytime (on their dime, of course), if they want me to talk cheap to them, and you’re welcome to publish my phone number for that matter (301-292-0811 — seriously).  Suze Orman top that!”

And then there’s the wine box bladder pillows, pantyhose soap-on-a-rope and other interesting money-saving ideas Yeager is known to concoct.

The Ultimate Cheapskate

So why is Jeff Yeager so cheap? He challenges the conventional wisdom that happiness is achieved by accumulating “stuff” and instead, enjoys life by living on less–a lot less. Yeager’s frugal lifestyle even earned him the title of “Ultimate Cheapskate” on the NBC Today Show, courtesy of Matt Lauer.

But this guy doesn’t just talk the talk. Pictured above, you’ll find Yeager “starting a typical day…getting ready to make salmon chowder out of this fish carcass, which I bought at the fish market, THREE for $5!”

While many experts push the idea that financial well-being centers around the ability to amass more wealth, Yeager encourages others to make the most of what they have and live comfortably on any income. Yes, he offers some off-the-wall solutions to accomplishing this, but the heart of the message is that you don’t have to be “rich” to live richly.

As Jeff puts it “It’s about a quality of life you cannot buy, a sense of satisfaction you cannot fake, and an appreciation for others that gives life value. It’s also about helping save the planet and sharing with those in need. Living on less can be funny, but it’s not a joke.”

Is Jeff Yeager your favorite personal finance expert? Vote in our poll now!

How Jeff Yeager Established Himself as a True Expert

Jeff Yeager worked as the CEO and senior executive for non-profit organizations in the Washington D.C. area for over two decades. He then switched gears and launched a career as a writer, public speaker and media personality in 2004.

Jeff Yeager has authored two books on frugal living: The Ultimate Cheapskate’s Road Map to True Riches –the #1 personal finance book on Amazon.com–as well as The Cheapskate Next Door. Yeager has also appeared on numerous national news shows and writes for AARP,  WiseBread.com, PlanetGreen.com and TheDailyGreen.com.

Whether or not you agree with his extremely frugal approach to finance, or the wacky humor he employs when delivering his message, you can’t ignore Jeff Yeager or the huge amount of money he inspires others to save.

Get great information like this every week with the GoBankingRates newsletter

We would love to hear your comments and feedback

  • http://www.MUTTonline.com/Greywolf Don Ford

    Does anyone recall the race between the tortoise and the hare? Of course you do. I went a step further and I set up a race now between the tortoise and the snail. I won’t give away the ending only to say the bigger and better does always come out on top. It’s all in the race.

    Jeff’s a patient guy and in time will finish best, I believe. With Jeff, what you see is what you get. Most upfront guy I know.

    Where eagles fly,
    Don (Greywolf)
    Native American Storyteller, Artist, Poet, Humorist
    Buffalo burgers anyone?

  • http://www.watercolorpetportraits.com Carol Wells

    I voted for Jeff Yeager because his books and articles have helped me rethink my relationship with money. And, true to his cheapskate philosophy, his books are available at the library – you don’t have to go further into debt for workbooks or seminars to benefit from his advice.

    Thank you gobankingrates.com, I have really enjoyed this interesting series and reading about all 12 experts!

Best Savings Rates

Institution
Featured Rate (APY)
0.95%
Savings
0.95%
Savings
0.95%
Savings
Institution
Best Rate (APY)
Alabama Telco Credit Union
3.00%
Savings
Pioneer Mutual Federal Credit Union
2.75%
Savings
Free, all-inclusive, and truly local: GoBankingRates.com is the only source for interest rates from over 5000 banks and credit unions
AdSpeed – GBR – Default – Articles – RR2 Financial Resources Right Rail
AddThis Trending Article Widget
Blank Space