The other day, I asked about the difference between “frugal” and “cheap”. There were a number of great answers, but one in particular stood out to me…
According to Kyle of Amateur Asset Allocator:
“My definition is simple: if I do it, it’s frugal. If somebody else does it, it’s cheap.”
Hmmm… I’m not so sure that Kyle is kidding. 😉
On a slightly more serious note, Dylan had this to say:
“Being frugal is about maximizing value. Being cheap is about the lowest price.”
I couldn’t have said it better myself.