Frugal vs. Cheap: What’s the Difference?

A side-by-side comparison of ‘Frugal vs. Cheap.’ On the left, a frugal choice: a high-quality, durable leather wallet. On the right, a cheap choice: a broken, flimsy plastic wallet.

It’s common for people to use the terms “frugal” and “cheap” interchangeably. After all, both concepts revolve around spending less and saving money. However, there’s a crucial difference between the two. Being frugal is about being intentional and resourceful with your spending while being cheap is often about minimizing costs at the expense of quality, … Read more