The Cheapskate Next Door is Jeff Yeager’s follow-up to The Ultimate Cheapskate’s Road Map to True Riches. In this book, Yeager travels the country talking to frugal people (“cheapskates”) to get their ideas and tips on saving money. At first, I didin’t think I liked the book. It seemed that a lot of what Yeager was saying was either obvious (spend less than you earn) or that he made sweeping generalizations about what cheapskates do and do not do — some of which I didn’t find to be true. Plus, he misquoted Dave Ramsey. Sacrilege!
But by the time I finished the book I found I had dog-eared nine separate pages that had tips I could use personally (such as online sites to barter your time, find cheap but good wine, or print restaurant gift certificates) or things I can pass on to others (like how to save on college textbooks and find scholarships). In short, it’s a handy book full of ideas and tips — some of which may seem obvious to you, and other which might be brand new.
This isn’t the book to read if you’re deep in debt and wanting desperately to get out. For help in that area, I highly recommend Dave Ramsey’s The Total Money Makeover. But if you’re already debt-free or you’re sticking to a plan to get there and you want a few cash-saving tips from like-minded misers, The Cheapskate Next Door might give you ideas you hadn’t considered.