Are You Frugal or Cheap?
Have you ever been called cheap or a cheapskate? Does hearing the words cheap make you feel bad?
What is Cheap?
Cheap is about the price of items and the money.
The price matters to cheap people. If I had a choice between buying a good quality cell phone vs a cheap one, I would buy the excellent quality. A cheap person would find the one with the lowest price possible.
What is Frugal?
Being frugal is choosing value over price. Value is everything. It is about what things bring value to your life.
Once you know what brings value into your life, you can stop spending money on things that don’t get you value.
How to be Frugal Without Looking Cheap
Frugality is a much important quality to demonstrate. Being cheap gives off a bad vibe to your friends and the people around you.
You have to be intentional with the way you spend money. The money you spend has a purpose, and it is not about just spending but making sure each dollar is used for a reason and for something that brings value to your life.
Eat and Drink at home
Eating out all the time can be eating away at your budget. One $13 restaurant meal is about 325% more expensive than a $4 meal you prepare yourself.
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