OK, OK I know this is not what you would call cheap. But after all the money you have saved by following me, spend a little and enjoy a fresh Belgian waffle.
I have this and its amazing. Purchased it a few years ago after several FREE hotel nights, with free breakfasts. Many hotels have these for their breakfast buffets.
Just pour in the batter, rotate the handle and it beeps when done. Even the kids can do it all by themselves!