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Frugal vs cheap.

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Written by   254
8 months ago
Topics: Frugal, Cheap

In this world, there are two types of people who have various ways of accomplishing things, such as spending money and so on.

Let's take a look at the two types of people we have without further ado;

Frugal

  • Care about value.

  • Spend money wisely.

  • Focus on long term value.

Cheap

  • Care about price.

  • Unwilling to spend money.

  • Focus on short term cost.

Let me break them down for you one by one for a better understanding; I'll start with the frugal kind of people.

Frugal.

Care about value:Yes, they worry about the value of things without pricing them because they focus on the long term value of things rather than the short term value of things, thus they spend more money to get valuable items that will last.

Spend money wisely:Yes, they spend money wisely by purchasing items that will endure rather than items that are cheap and will not last long, therefore they are more likely to spend money wisely than those who are cheap.

Focus on long term value:Yes, they consider the long-term value of the items they buy rather than the short-term value that won't last long and will cause them to spend more money.

Cheap.

Care about price:They are more concerned with the price of an item than with its value, which make them to spend more than they intended because they are looking for inexpensive items that will not last long.

Unwilling to spend money:This is related to the previous point; they prefer to cut corners in order to acquire products that are less expensive, but they never take the time to consider the value they will receive.

Focus on short term cost:Their focus is on buying low-cost items that won't last long since they only need anything to serve them for a short time; they never realize they need to focus on long-term value so they don't have to pay additional money to replace what they already have.

This two types of people can be seen on a daily basis. I have a friend who is a cheapskate; he buys low-cost items without considering their long-term value. E.g He bought a $4 cloth and didn't look at the quality, so after a few days of wearing it, the cloth started fading off and he wasn't happy with it, so he had to buy another one, which was a waste of money. He should have bought the quality one, which was $7, but now he had to buy the quality one after wasting money on the cheap one.

When buying items, try to think about the quality and long-term value so we don't have to spend money on a specific item we've already purchased, which would mean spending more money; instead, it's ideal to buy a quality item that will last for a long time and save us money.

Choose which of the two categories you belong to and tell me in the comments area; I'd love to hear from you.

In conclusion.

Spend money wisely because money is hard to get. It's great to choose frugal people because they spend money wisely to buy goods that will endure for a long time rather than a short time, allowing them to save and plan ahead.

Hopefully, you will pick the type of person you want to be. Don't be like the cheap individuals who spend more money on cheap things that won't last long; instead, choose to be like the frugal people who value quality over quantity.

Let me take this opportunity to wish you all a happy new month. Time flies so quickly that i can't believe we're already in a new month. Maybe I didn't keep track of time, but this month flew by. I hope you all a fantastic new month filled with good news.

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Written by   254
8 months ago
Topics: Frugal, Cheap
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Comments

Oh, now I know how to differentiate frugal and cheap. I can say that I am more frugal than cheap. But sometimes I like being cheap in buying hehe.

$ 0.02
8 months ago

That's good, most times we tend to be frugal and some times when we find quality things that are cheap we can go with cheap also.

$ 0.00
8 months ago

Amazing writes my friend. actually in some situations I change from one to another. But being frugal is the right one. Have a wonderful day my friend.

$ 0.02
8 months ago

I am the combination of both types 😆 I sometimes buy really expensive things because I am looking at how I can use it for a long time. But sometimes I also buy cheap things, especially when I don't have enough money

$ 0.02
8 months ago

I also do the same most times but i think i am now more of a frugal kind of person.

$ 0.00
8 months ago

I really hate people that are stingy to oneself. Even if you don't fancy spending on others, try and spend on yourself. Try and look good and also get quality things. Happy New Month Brother.

$ 0.03
8 months ago

Yea it's not good to be stingy to oneself, let's try to look at quality things and spend on ourselves...happy new month to you buddy.

$ 0.00
8 months ago

I would like to think I am frugal rather than cheap lol!

$ 0.02
8 months ago

That's good buddy,I am also part of the frugal kind of people, happy new month to you buddy.

$ 0.01
8 months ago

Happy new month to you too!

$ 0.00
8 months ago

I am in the cheap side because of lack budget lol.

$ 0.02
8 months ago

You have a reason for that so it is considerable.

$ 0.00
8 months ago

I am very much agree with you sir, nowadays in our generation, most of the people waste their money without knowing the importance to save for the future that's why many of our kababayans still in the most difficult situations.

$ 0.02
8 months ago

People need to be frugal in the way of spending and not cheap so they don't waste money.

$ 0.00
8 months ago

That's a whole lot of explanation. However, the simple truth remains whether frugal or cheap we may be saying the same thing but in let, 's say some different content. It my opinion though. It a nice read.

$ 0.02
8 months ago

You're right,we might be saying the same thing but they have different content,happy new month to you.

$ 0.00
8 months ago

I agree with you. There is a big deference between being prudent and stingy to oneself.

By the way, the reward for the prediction has been sent.

$ 0.07
8 months ago

You're right, there's a clear difference between being stingy to oneself and also being prudent like you've said,thanks for the reward,happy new month to you ❤️.

$ 0.00
8 months ago

I think I will go with the cheap, well its nice when you spend wisely and you don't get to spend much money

$ 0.03
8 months ago

Yes we just need to spend money wisely as it is not easy to get money but spending it is easy,happy new month buddy❤️.

$ 0.00
8 months ago

Money is hard to get, spending wisely should be our motto. I do love buying things in high quality and sometimes low I guess I'm in-between.

$ 0.02
8 months ago

Oh that's good, just be sure you buy the quality ones so you won't buy the same thing over and over again,happy new month to you.

$ 0.00
8 months ago

Totally agree with you. I'm a kind of cheap one kasi who usually choose to buy cheaper products to save money 'cause sometimes, there are still those that are in a very good condition and the quality is high. But most of the time, cheaper ones are really not long lasting so spending wisely is the best thing to try practicing with.🤍

$ 0.02
8 months ago

You're right, most times we might be unlucky to find cheap things that are in good condition so it's best we go for quality ones.

$ 0.00
8 months ago

Absolutely.🤍

$ 0.00
8 months ago