North Texas Daily

Cheapskates event teaches frugality

Cheapskates event teaches frugality

March 20
08:12 2013

Blessing Wokocha
Intern

Since Macklemore’s “Thrift Shop” started climbing the music charts, it seems that saving money by wearing and buying other people’s clothes is now the hip and cool way to live.

Denton is the home to more than a dozen thrift stores, from Plato’s Closet, Twice as a Nice and multiple Goodwills in the area providing more than enough opportunities to ‘pop some tags.’

In the same thrifty vein, the Student Money Management Center will hold a free event called Extreme Cheapskates from 5 to 6 p.m. today at Wooten Hall in room 114.

“We’re going to be looking at what things you can do to save money, the fine line of being frugal and cheap and how to save money and do things on your own,” program coordinator Rachel Grimes said. “Not just the cost of saving money but also your time, because time is money.”

Grimes and Eric Izuora, graduate assistant at the center, were the masterminds behind the event.

“At the time a show called ‘Extreme Cheapskates’ was airing in the fall and I was like ‘Oh, that seems fun’,” Izuora said. “We wanted to bring some of the good practices in that show and bring it in a balanced way.”

This is the first time this event is being held and Izuora and Grimes are expecting 20-25 people to attend. Students at the event will learn how to make specific products, such as lip balm and toothpaste.

“All semester long it’s been on the UNT calendar, our calendar and we sent out an email,” Grimes said. “We’ve gotten a good amount of phone calls from students saying to be put down.”

Economics senior Dustin Hartwell said that though saving money is ideal, you can’t forgo the quality of the product you’re buying.

“I look at prices and products, but at the same time I also will look at the quality of the products,” Hartwell said. “It really depends on the time it will take to get those products, because my time could be spent doing something else.”

Regardless, Hartwell said students will benefit from taking the time to know the value of a dollar.

“A lot of people don’t think of the concept of money,” Hartwell said. “They just go out and by stuff.”

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