Being Frugal vs Being Cheap: Value
Frugal Ain’t Cheap – There is fine line between being frugal vs being cheap and a large part of that have to do with perception in the value and care. Both groups of people want to save money, but the mentality are different the groups are different. A cheapskate cares about the final price paid. A frugal cares about the value purchased. Being frugal is maximizing the value of each dollar spent, being cheap is not spending it to begin with.
Frugal people are concerned value and not the price tag alone. Value means many things to different people, could be monetary other time sentimental. What is the monetary value for “gifts” that are passed in a family from generation to generation? Being able to seat on the same chair that grandpa sat on before dad was born. The value for leaving a better place for our next generation by using recycled, re-purposed, durable materials with less impact to the environment.
A frugal person would not sacrifice his/her health to save the extra buck. Buy a regular pair of shoes that use inferior quality material gets worn-out easily; It often has little support for your feet and joints. A new pair of running sneakers at least once a year enable you to run longer. The price of extra a hundred bucks a years is well worth the price if you value health of your feet and joints.