Cheapskate Jeff Yeager to visit Morenci 8.6

Written by David Green.

They used to call him a cheapskate. Now Jeff Yeager is just looking practical.

All right, so Yeager is still known as a cheapskate—the Ultimate Cheapskate, according to Matt Lauer of NBC’s Today show—but his approach to life is looking more and more sensible to a lot of people facing tough economic times.

Yeager will talk about his life as a cheapskate when he visit’s Morenci’s Stair Public Library at 1 p.m. Aug. 14. The Grand Rapids, Ohio, native is back in his home area for several appearances in Toledo Public Library branches and he agreed to make a visit to Morenci to present his humorous approach to living on the cheap.

Yeager wrote his book, “The Ultimate Cheapskate’s Roadmap to True Riches,” two years ago and it finally made it off the press early this year, about the time that economic hardships were becoming more and more apparent for many Americans.

There’s a silver lining to tough times, he said. It forces many people to reign in their spending habits.

“Most people would be happier if they spent less money and bought fewer things,” Yeager said in an interview Monday.

During the economic expansion of the 1990s, two things happened, he said: Americans went further into debt than any previous generation, and they didn’t become any happier.

“They became stressed out and they wanted more,” he said.

It’s odd, Yeager said, how in the last few years shopping has been billed as a patriotic duty—go out and buy more. If that’s the case, he says the most patriotic thing would be to buy something that’s going to break right away or something that’s going to soon become obsolete. This will lead to more trips to the store.

Yeager brings some humor to his financial philosophy, but he realizes there are people who are losing their jobs, losing their houses and genuinely hurting.

At a talk he gave recently, a woman wasn’t so keen on his light-hearted approach. She was nearly crying when she told how her family was forced to cut back. How had it affected them? They had to cancel their cable television service...

  • Front.splash
    Water Fun—Carter Seitz and Colson Walter take a fast trip along a plastic sliding strip while water from a sprinkler provides the lubrication. The boys took a break from tie-dyeing last week at Morenci’s Summer Recreation Program to cool off in the water.
  • Front.starting
    BIKE-A-THON—Children in Morenci’s Summer Recreation Program brought their bikes last Tuesday to participate in a bike-a-thon. Riders await the start of the event at the elementary school before being led on a course through town by organizer Leonie Leahy.
  • Front.drum
    on your mark, get set, drum!—Drew Joughin (black shirt), Maddox Joughin and Kaleea Braun took the front row last week when Angela Rettle and assistants led the Stair District Library Summer Reading Program kids in a session of cardio drumming. The sports and healthy living theme continued yesterday with a Mini Jamboree at Lake Hudson State Park arranged by the Michigan Department of Natural Resources. Next week’s program features the Flying Aces Frisbee show.
  • Front.art.park
    ART PARK—A design created by Poggemeyer Design Group shows a “pocket art park” in the green space south of the State Line Observer building. The proposal includes a 12-foot sculpture based on a design created by Morenci sixth grade student Klara Wesley through a school and library collaboration. A wooden band shell is located at the back of the lot. The Observer wall would be covered with a synthetic stucco material. City council members are considering ways to fund the estimated $125,000 project and perhaps tackling construction one step at a time.
  • Front.train
    WRECKAGE—Morenci Fire Department member Taylor Schisler walks past the smoking wreckage of a semi-truck tractor on the north side of the Norfolk and Southern Railroad tracks on Ranger Highway. The truck trailer was on the south side of the tracks

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