Am I Frugal Or Cheap? [How To Tell And Why It Matters]

Whether you just embraced the concept or you’ve had a focus on becoming financially independent for years, you’re building good money habits and saving for the future.

In order to save more, you may be tracking expenses, using a budget, working side hustles or adopting a minimalist lifestyle. You might even do all of those and more.

But with a laser-focus on saving, it can be hard to spend (and some people always struggle with spending their money.)

Questioning each purchase, working more hours, and adjusting how you live can help you reach your goals faster — and others may take notice.

Are you being frugal or cheap?

You call yourself “frugal”, but friends or family members might call you “cheap” instead. As you seek out great deals and practice savvy spending, they tell you to “live a little” because they don’t think twice about spending money.

Then you begin to question it yourself. Am I frugal or cheap?

You embraced frugality but the label “cheap” makes you cringe. How can you tell which one you are and does it even matter? Read on to learn more. And yes, there’s a good chance it will matter to you.

What It Means To Be Frugal