We Are Often Frugal, But Rarely Cheap

I’ll be the first to admit that I am a frugal physician. Frugal living has served me well, and I wouldn’t be financially independent without that quality.

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While not everyone thinks of frugality as a decidedly positive quality to possess, it just might be that others confuse frugality with its ugly distant cousin who is just plain cheap.

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You see, frugality and cheapness may have a little bit of overlap, but they are hardly alike.

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We Are Often Frugal, But Rarely Cheap

Frugality is a useful tool that can help a motivated individual achieve his or her financial goals.

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Cheapness might help you save money, but acting cheap comes with costs that often outweigh the initial or perceived advantages.

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Frugal is finding ways to make an amazing vacation affordable; cheap is skipping a trip you can afford because it costs “too much.”

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1. Save on groceries. 2. I bring a packed lunch to work. 3. We cook. 4. We buy used vehicles and hang onto them. 5. I bike to work.

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We Are Often Frugal, But Rarely Cheap

I’ll be the first to admit that I am a frugal physician. Frugal living has served me well, and I wouldn’t be financially independent without that quality.

While not everyone thinks of frugality as a decidedly positive quality to possess, it just might be that others confuse frugality with its ugly distant cousin who is just plain cheap.

You see, frugality and cheapness may have a little bit of overlap, but they are hardly alike.

We Are Often Frugal, But Rarely Cheap

Frugality is a useful tool that can help a motivated individual achieve his or her financial goals.

The Difference Between Frugal and Cheap

Cheapness might help you save money, but acting cheap comes with costs that often outweigh the initial or perceived advantages.

Frugal is finding ways to make an amazing vacation affordable; cheap is skipping a trip you can afford because it costs “too much.”

Frugal Does This; Cheap Does That

1. Save on groceries. 2. I bring a packed lunch to work. 3. We cook. 4. We buy used vehicles and hang onto them. 5. I bike to work.

What frugal habits do we employ?

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