The Difference Between Frugality and Cheapness: Taking Care of Cost
Frugal people and people who are considered cheap want to save money, but there is a huge difference between frugality and cheapness. It’s all about the big picture.
The Daily Finance explains that while frugal people are concerned about how much things are worth, they base their spending decisions not on price, but rather on the item’s value to their lives. They can spend money on quality if it ultimately means less waste, and they even spend money sometimes:
Busting over the subject may seem contrary to economical thinking. In fact, this is not the case. In fact, this is a key part of being lean. Thrift is about values, not stinginess so that you never have what you want.
[…] The bottom line is that thrifty people don’t worry too much about money. Frugal people just want money to work for them in the best possible way.
We have already talked about how can Does frugality to be limiting, and when people go too far , but perhaps we are talking about low cost, rather than frugality.
5 Ways to Lean People Are Not Cheap | DailyFinance