Last week I had the chance to speak with the one and only "Ultimate Cheapskate," Jeff Yeager about the third annual AARP Savings Challenge he's hosting until the end of the month, which is open to anyone age 18 and up. If you're a self proclaimed cheapskate be sure to enter to win, as they're awarding the top three winners with some fabulous prizes!
Jeff Yeager "The Ultimate Cheapskate" – UltimateCheapskate.com
Candace Rose: Can you tell us about the AARP Savings Challenge please?
Jeff Yeager: "You know I'm 'The Ultimate Cheapskate', I'm hosting something called the AARP Savings Challenge, which is the third annual savings challenge. If you go to the website AARP.org/savingschallenge, it tells you all about it. What is it's a month long contest. It runs through the end of April inviting people to share their best money saving tips with other people interested in pinching their pennies. Every week we have a different challenge asking for your best tip on a given subject. Last week it was how to save money on gas. Every week we have a weekly winner where you might win a prize and then at the end of the contest, April 30th we declare three overall winners including a top prize of a $2,000 gift card to the top winner. So it's a chance to perhaps win some money by showing people how to save money."
CR: What are your favorite money saving tips, especially for those of us trying to stick to a budget?
JY: "On the Savings Challenge we have believe it or not nearly 4,000 penny pinchers like myself sharing their tips. I like to think it's the largest online gathering of cheapskates in the history of the internet, so it's not just my tips but it's also all these other peoples tips as well. But there are a lot of things that people don't think about. I mentioned saving money on gas and we're all concerned about that as gas prices are edging up. The other week we ran a savings challenge about that and one of the tips we discussed was try taking a full glass of water or a cup full of water and keeping it all times in the cup holder next to your steering wheel. Make a little game out of trying to drive down the road without spilling any of that water. It'll make you more fuel efficient and a safe driver. You know when you think about it, when you drive too fast you're going to spill some water. If you have a jack rabbit start you'll spill some water or brake too fast. The U.S. Department of Energy says that in essence you could lower the cost of a gallon of gas by as much as a buck per gallon just by being a more fuel efficient, less aggressive driver in the ways I just described."
CR: Is it easy to sign up?
JY: "It's very easy and again it's open to people of any age. In order to be eligible for the prizes you need to be at least 18 years of age, you don't need to be an AARP member, it's very easy to register and I guarantee you there's a lot of cheap talk going on the in the Savings Challenge.
The challenge currently is simply tell us about the best deal you ever got and we're hearing great stories from people who found a priceless object at a yard sale for next to nothing or maybe haggled for a better price. Next weeks challenge is going to be about the environmental mantra 'reduce, reuse, recycle' as sort of a salute to Earth week. We're asking people for their favorite creative reuses for things that people throw away everyday. For instance you'll find on the Savings Challenge articles about how to repurpose everything from old pantyhose to eggshells to soda bottles. So it's all about that reuse part of the environmentalist mantra reduce, reuse, recycle."