Cheap vs. Frugal and How Not To Be A Cheapskate

how not to be a cheapskate - money

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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