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What is Living the Cheapskates Way?

Cheapskate - 
a person who is wise with their money and lives life 
debt free, cashed up and laughing
​Ok, that isn't the official definition of a Cheapskate, but it is mine. Over the years I've been asked

many times what is a Cheapskate and that answer is simple.

*A Cheapskate is economical in the use of money, goods and consumable items. 

*A Cheapskate avoids unnecessary expense of money or of anything else that is to be used or consumed. 

*A Cheapskate is sparing, not extravagant or lavish, but they don't deprive themselves of needs or wants. 

*A Cheapskate lives by the creed of: Beware of little expenses; a small leak will sink a great ship . Benjamin Franklin. 

*A Cheapskate always gets the most from every dollar. 

*As a Cheapskate, frugality is always virtue! 

But the thing that really sets Cheapskates apart from spendthrifts is the choices they make.  

A Cheapskate chooses to live the Cheapskates way. They choose to save money on the things that aren't important to them so they have the money to enjoy the things that are.
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  • Home
  • Member Hub
    • Getting Started
    • 31 Days of MOO Hub >
      • MOO Month 2026 Learn to Make Your Own and Save
      • How to Learn to MOO
      • 2026 Daily MOOs
      • 31 Days of MOO Forum
      • 31 Days of MOO Index
    • SUPER SHOPPER 2026 >
      • Super Shopper 300 a Month Challenge
    • No Spending Month
    • Handmade Christmas Hub >
      • Make It Monday
    • Articles
    • How to Build Your Stockpile >
      • How to Build Your Stockpile Part 1
      • How to Build Your Stockpile Part 2
      • How to Build Your Stockpile Part 3
      • How to Build Your Stockpile Part 4
    • Take A Pause
    • Budget Renovations
    • Saving Stories
  • Recipes
    • Recipe File Index
    • Meal Plans
    • Back to Basics >
      • Back to Basics
      • Simple Bulk Pasta Sauce
      • Back to Basics Ep 1
    • Add a Recipe
  • Saving Money
    • Member Wins Money Smiles
    • LATEST TIPS 2026
    • Cheapskates Tip Store
    • Tip Sheets
    • Bill Paying System
  • Forum
    • Current Forum Discussions
    • How to Use the Member Forum
  • Newsletters
  • Join the Club
    • Why Members Come Back
    • Twenty Reasons to Join the Cheapskates Club
  • Contact
    • Changing Details
    • About Us >
      • Cath's Story
      • Ask Cath
      • Glossary of Cheapskating Terms
    • Help Files >
      • Help File TOTD