10 Lessons I’ll Teach My Daughter To Be Happy, Successful and Rich.
More than once in my lifetime I’ve been called cheap, mostly by woman, but I’m not, I’m frugal. There’s a big difference and I’ll explain why.
Frugal people will buy a used car they really wanted 2-3 years ago because they let some other fool pay the depreciation for the first couple of years, cheap people also buy used cars, but they buy those older cheap boring cars that are small and use very little gas. Delayed gratification is a frugal trait, cheapness takes it much further.
Frugal people will enjoy a great meal out from time to time, but skip dessert. Cheap people rarely eat out and if they do, they usually don’t even order an appetizer let alone dessert, they also only drink water and will under tip or not tip the staff at all.
Frugal is buying a good quality item for a reasonable price, cheap people will buy things of the lowest possible quality and when they break and fall apart, they complain about it.
A frugal person will rent a movie on date night, but a cheap person will watch whatever free movies are playing on TV.
Cheapness is embarrassing, and careless spending is just plain dumb. Be smart with money and when you understand that it’s easier to save a buck than make one you too can be frugal, have no debt and be mistaken for cheap too.
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