The Difference Between Frugal vs Cheap. What Do We Need To Know?

Several people have used the word frugal or cheap to mean the same thing it is until recently that I also came to know there is a great difference between frugal vs cheap.

Therefore in this article will look at them in an elaborate manner so that we can know the differences and how we can use them well as it is recommended

Meaning of Frugal and Frugal Living.

Frugal means that I should get the highest value for the goods and services that I am paying for.

Thus it can be defined as someone who doesn’t like to spend a lot of cash.

The main aim of being frugal is to save some money.

Being frugal doesn’t mean that I save money so that I get something that’s of no value or meet my expectations or needs.

Being an extravagant, or lavish, or an impulsive spender is the opposite of being frugal. 

A frugal person doesn’t want to spend a lot he or she makes sure that an item they want they get it with the lowest cash as possible even going extra by bargaining or getting it when on sale.

Meaning of Cheap

The meaning of cheap is to save money at all costs.

The main focus of being a  cheap person is the amount of money you spend. 

A cheap person doesn’t value the quality, time and the value of the products or service in terms of cash.

In most cases being cheap is usually taken as an insult as it is considered a negative attitude.

Many customers who use coupons generally fall in this category as they spend most of their time filling them so that later on they can spend them.

Being cheap means you can get anything regardless of its quality so long as it saves the purpose as that of an expensive some quality then you get it.

Frugal vs cheap what we understand so far.

Whether you are a frugal or a cheap person both of you aim to save some money.

But frugal people do not do so at the expense of other people.

The difference between frugal vs cheap is mainly on the focus of prices and the reasons for saving a lot of cash.

As stated above frugal people want to get the best value for their cash they intend to spend,  while cheap people main reason they spend the least amount without focusing on the value, quality and another factor that they may get into account.

Frugal people try to access the higher picture and have some patience for cash they may have simple saving strategies.

Cheap people will only look at the price at their main focal point. And that the main concern for frugal vs cheap.

When you turn to be a cheap person you only want to save some cash regardless of the value of the product or service you want. 

If you are a frugal person you would focus on maximizing the value that includes the time spent.

Cheap people want to spend the least amount of cash unlike frugal person would spend what they have on the things that may add value to them and that which they care about therefore they will get what adds value to them at a lower price..

Being a frugal person can be the best thing but sometimes being extreme can be destructive and harmful.

When something is overdone as the saying goes too much of everything is poisonous.  You can decide to be either but we shouldn’t overdo it.

No one would want to spend a lot thus you can set the limit of the person you want to be but not to mean to yourself.

There shouldn’t be a cap on the money you ought to spend; it is good to look for other ways to make some cash other than being frugal.

Everything is overpriced

Cheap people think that everything is overrated and overpriced, they complain about everything and everybody regardless of how they spend their cash.

For example, you can have a friend the will complain about the prices in a restaurant and also complain about some ticket for a certain show in town.

They say that the prices are too much and think of saving that cash instead of spending it.

This is being mean to yourself maybe she or he could have saved money by getting a cheaper restaurant than starving oneself.

Frugal people may have such thought but they will look at the value they will get after taking that coffee in a restaurant and how he or she will be relaxed after getting off that show in town.

Don’t Buy Necessities.

Cheap people don’t buy for the basic items. Some cheap people say that visiting a consultant in this case a doctor for a special matter costs a lot.

They say that tuition fees are too high.

Some extreme situation is between frugal vs cheap it is that cheep people aren’t even ready to pay for the basic needs unlike frugal would look for the best price and value they can get.

Cheap people are not skilled in managing money compared to frugal people.

For example Frugal Vs Cheap, both frugal and cheap person goes into a shop.

The cheap person will only focus on the prices of the commodities while the frugal person will look at the features of the commodity verse the price.

Even before buying frugal person may look at other shops, customer reviews and would buy the best-priced model that will give value for money.

Cheap people will never do any research but will go to the lowest priced commodity before them regardless of their quality so long as they get what they are in need of.

Get Things Repaired on Frugal Vs Cheap.

As we all know everything is repairable I would suggest frugal or cheap that you can learn on how to learn how thing can be repaired rather than taking them to the dealer hence this would save some of you cash and you will just spend just a little cash that can be used later on.

In life, you have either been a frugal or a cheap person.

This sometimes comes automatically and you don’t want to spend a lot and at the back of your mind, you are saving.

Both the well off and the poor want to remain with some money to spend somewhere else.

This comes with a lot of thinking for a cheap person she or he may be thinking of saving up for another cheap item while for a frugal person he or she may want to save up for another thing that will add value to him or her the next time they are in high demand of it.

Thus never judge if someone is cheap or frugal some circumstances force one to be that way.

Some would want to settle on one of the personalities.

It all depends on what you want there are those who dot mind using a cheap fridge so long as it is serving the purpose and it is putting you among the people with fridges then you are satisfied.

Then it comes to that person who takes his or her time and goes from one store to another looking for the same brand but with the less cash then this is somebody who is frugal in his or her mind there is the fact of value thus they go out looking for quality which cost less cash.

Both serve the same purpose but one has more value than the other.

All in all, there are cheap people and frugal who you like how the save up their extra coins.

They cannot be distinctively separated as their main focus is saving up the money at the end of the day.

Either way, you cannot tell who is who when it comes to saving but in the end, we will look at the value of products from both parties.