#36 – The Difference Between Being Frugal & Being Cheap

We all need some amount of money, that’s a fact. How we spend that money is vastly different.

I would classify myself as a frugal person: someone that spends money on the things that add value to my life, and saving money on the things that don’t matter as much.

In this episode, I’ll dig into the difference between being frugal and being a cheapskate. We all love saving money, but there are times when it makes sense to spend. Enjoy!

I hope you enjoy this episode and be sure to subscribe to the podcast here!


Best quotes from this episode

If you need a machine and don’t buy it, then you will ultimately find that you have paid for it and you don’t have it. -Henry Ford

Cheap and frugal people both love to save money, but frugal people will not do so at the expense of others.

Frugality is about assessing the bigger picture and having the patience to cash in on the simple savings strategies.

Being cheap is about spending less; being frugal is about prioritizing your spending so that you can have more of the things you really care about.

You don’t need the best of everything to get started.

Stop being a cheapskate on the things that matter to you.


Everything mentioned

Shipstation shipping software
Dymo thermal label printer
Podcast Movement 2016
Mackie 402VLZ4 mixer
Audio-Technica headphones
Zoom H4N audio recorder
Audio-Technica ATR-2100 dynamic microphone
Kayak – great travel deals
Article about frugality


Thanks for listening

Be sure to subscribe to the podcast here and I can’t wait to share the next episode with you soon! And feel free to leave a comment below with your feedback and any questions you have.

Featured image by Brent Martin, from Rob Greenfield’s blog.

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