Found this interesting comparison in Don Watmore’s time management newsletter:
FRUGAL OR CHEAP?
Frugal is being economical and not unnecessarily overpaying. Cheap is
unnecessarily and uneconomically paying less.
Frugal is comparing prices on an item and selecting the lower price.
Cheap is driving across town, using five dollars of gas to save one
dollar on an item.
Frugal is selecting a gift that offers high value at a low cost. Cheap
is not giving a gift rationalizing, “They’ll never notice it.”
Cheap is looking at every expenditure as an expense to be avoided.
Frugal is understanding that some expenditures are investments and
looking at what one gets back rather than what one pays.
Frugal is a good time management practice. Cheap is a poor time
management choice.
