3 Extreme Skate Saving Strategies That Went Too Far
- There are some pretty extreme savings strategies on TLC’s Extreme Cheapskates, like making your own deodorant and peeing in a jar to save water.
- I’d rather watch people pee in a jar than hide six-figure bank accounts from their spouses and kids.
- I also cringe when I see people biking 140 miles to and from a vacation destination to save $70 on gas.
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As the show’s name suggests, TLC’s Extreme Cheapskates features some pretty wacky money-saving strategies, from making your own toothpaste and deodorant to shopping for a wedding dress at a pawnshop.
Since watching the show on YouTube, I’ve learned a few unexpected lessons about saving, like being bold enough to ask for a deal or a cut just because a millionaire skater on the show was bold enough to request a free private flight at the airport. .
If peeing in a jar to save a few bucks on the water bill or eating road dead for dinner really makes them happy, I really encourage these self-proclaimed sideline skaters. The parts of the show that really make me cringe are when people sacrifice the health of their relationships to save money or waste tons of time for a small gain.
Here are three saving strategies on Extreme Cheapskates that I would never try.
1. Hiding 6-figure bank accounts from my wife and kids
In one episode, a dad named Terrence forces his family to live as if they were poor and gives his wife a daily allowance. When his wife and children ask how much money they have, Terrence shows them a bank account with a low balance. However, he laughs as he shares with the show that he has 16 different accounts. One of them has six characters.
I’ve learned that hiding money from your partner is one of the most common lies in a relationship that snowballs into bigger problems, and that hiding large sums of money from your partner counts in done as financial abuse. I could never imagine putting the numbers in my bank account on my relationship with my family.
2. Turn off the hot water while my partner is taking a shower
Millionaire skater Victoria Hunt checks his electricity and water meter every day to calculate his upcoming bill. On her episode of Extreme Cheapskates, she and her boyfriend begin a week-long trial to move in together. Hunt herself doesn’t use her own shower as she prefers to shower at the gym to save money. When her boyfriend moved in, she worried about the water bill and turned off the water while he was showering.
Showers aren’t just for cleaning up every day. The hot water also releases a good amount of tension which relaxes me after a long shower. Again, while I love saving money here and there, I can’t imagine taking that comfort away from my own partner just to save a few extra bucks.
3. Ride a bike to a vacation destination to save money on gas
Extreme stingy Jeff Yeager cycled 70 miles to a vacation destination to save $70 on gas each way. He called a friend he met online and asked if he could stay home for free. Before going on vacation, he collected old junk to make free gifts to take to his friend and family. He also stopped at a seafood market on his way to her house and got a good deal on fish heads to cook for dinner once he got there.
I’ve met financial planners before who said, “I hate it when people spend thousands of dollars trying to save $100. I felt that feeling in my bones watching Yeager bike 140 miles each way to save $70. Not only does it waste precious time, but it also defeats the purpose of the vacation: to relax, have a good time with friends, and create new memories.