Cheap vs. Frugal and How Not To Be A Cheapskate

finances back on track after the holidays

Sometimes, people consider themselves frugal, when in reality they’re just cheap. If you’ve watched shows like Extreme Cheapskates or Extreme Couponers, you know the ones I’m talking about — they’ll go on and on about how they like to save money. They’ll do almost anything just to save a dollar or two. There is a huge difference in the terms cheap and frugal, but how can you tell which one you are? Here’s the difference, and how not to be a cheapskate if you find out you are one.

Cheap vs. Frugal & How Not To Be A Cheapskate

This post has been written by our talented staff writer, Kimberly Studdard.

What’s the Difference?

The biggest difference between being cheap and being frugal is that:

a frugal person likes to get the most value for their dollar, and a cheap person doesn’t see the value, just the dollar sign.

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