Cheap vs. Frugal

Cheap Vs. Frugal

This dilemma will inevitably come up for any personal finance blogger or person trying to get out of debt. I will try to define the terms Cheap and Frugal using the diagram below: Frugal is "socially acceptable" whilst Cheap is not Scenario #1: Going to Work Frugal: Walking or riding the bicycle; carpool and splitting cost Cheap: Hopping on the ...