What is the difference between frugal and cheap?
Is he frugal or cheap?
Growing up you realize that people have completely different definitions for frugal and cheap.
Some people consider not wanting to waste money as someone who is cheap. And some people say that someone who refuses to tip waitresses is frugal.
Let’s see what Webster has to say about it…
FRUGAL
Pronunciation: \ˈfrü-gəl\
: characterized by or reflecting economy in the use of resources
and here is the definition of cheap…
CHEAP
3b: contemptible because of lack of any fine, lofty, or redeeming qualities <feeling cheap> c: stingy <my cheap uncle>
They describe “cheap” with”stingy”, so if we look at what stingy means…
STINGY
Pronunciation: \ˈstin-jē\
1: not generous or liberal : sparing or scant in using, giving, or spending <stingy with the salt> <stingy employee benefits>
I think the word “frugal” has gotten a bad rap. Somehow it seems to have gotten somewhat of a negative connotation. Maybe not in the personal finance world, but I just don’t hear […]
Original post by bob