Cheap vs Frugal, pt 2

Cheap vs Frugal, pt 2

Examples of the difference

This post expands on the battle between being cheap and frugal – as many of my friends, colleagues have attested that I am cheap. They are categorically wrong. To be cheap means to consciously decide products/services of inferior quality. To be frugal means to be careful in the usage of one’s resources. As to not rehash the first post (click here), I have thought of clear distinguishing examples that will help those that are wrongfully accused of being cheap, when they are actually frugal:

Bringing Outside food/beverages into the Movie Theatres

-Now this is just being smart, $5 for a bag of popcorn?!? $3 for a bag of candy?!? Bringing in your own treats from the dollar store does not only save you money, but is being a smart consumer.

Buying No Name Brands vs Brand Names

– In some cases the difference is minimal, and if you can’t distinguish the difference, then it makes no sense to spend an extra few cents to a dollar just to have a ‘name brand'; specifically I am referring to grocery items. However, if you do have a general disdain and find the products of no name products to lack a certain taste/quality than a brand name – then sure, go ahead and go for the name brand. But choosing an equally comparative brand is not cheap, it is being frugal.

Event Parking

– I live in Toronto, where they like to charge enormous amounts of money for parking in the downtown core – many big cities have a similar and worse situation. So what is walking a few blocks to your event if it is going to save you money in the long run? That $15 flat rate parking is only a cost for easy convenience; while the $5 parking lot down the street or the free parking (a few more blocks away) will make you do something that you should already be doing – exercise! Get your ‘walk on’ and save a few bucks, be frugal, don’t waste your money.

Be Frugal NOT Cheap! Like moi!

.:: LiBM ::.

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