On Sunday, I reviewed Jeff Yeager’s new book, The Ultimate Cheapskate’s Guide to True Riches. Yeager has graciously offered to give away three copies to Get Rich Slowly readers. Rather than just do a random drawing, I thought it would be fun to share stories of extraordinary cheapness. It’s the Ultimate Cheapskate’s book contest!
Here’s how it works:
- By tomorrow night, leave a comment on this entry with a true story of extraordinary cheapness from your life (or the life of somebody you know).
- On Sunday, Yeager and I will select our three favorite stories. These commenters will receive a copy of his book.
Remember: this contest is meant to be fun. It’s a celebration of the lengths some people will go to save money. To give you an example of the sorts of stories I’m looking for, let me share some real-life examples from my own family.
First, my cousin Nick remembers two stories of his father’s cheapness:
- “My dad was so cheap that he once drilled a hole in a nickel so that he wouldn’t have to pay eight cents for a washer.”
- “My first memory of gas prices is driving home from my grandparents. We drove into a gas station, and pulled up to the pump. The guy came out and said, ‘Can I help you?’ My dad said, ’33 cents a gallon? No you can’t!’ We drove off. Five miles down the road, we ran out of gas. We had to pay a farmer 50 cent cents a gallon.”
In January 2006, my Aunt Virginia shared a couple stories of how cheap her husband is:
My husband likes quantity and sales.
For example, we just moved, and in the process I ran across an old receipt from Wal-Mart. It’s a receipt for 366 pair of panty hose. Yes, that’s right: 366 pair of panty hose. Also on the receipt are batteries, motor oil, and oil filters. After seven years, I still have enough new nylons left to last me until January 2007. They were purchased in July 1999.
More recently, Pop found a bargain at Wal-Mart the week after Christmas. Fruitcake regularly $2.99 was on sale for $1.00 a loaf. The more you buy, the more you save. Pop saved $106.00. He bought 53 fruitcakes, all that was left in the store. He spent $53.00.
For a longer example, check out Pop Buys Pop, in which my Uncle Stanley buys 70 two-liter bottles of Sierra Mist for $10.50.
Share your stories of extraordinary cheapness! You just might win a book.
GRS is committed to helping our readers save and achieve their financial goals. Savings interest rates may be low, but that is all the more reason to shop for the best rate. Find the highest savings interest rates and CD rates from Synchrony Bank, Ally Bank, GE Capital Bank, and more.