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Episode 3382:
Vicki Cook and Amy Blacklock break down the subtle but impactful differences between being frugal and being cheap, helping you assess whether your money-saving habits align with your values or if they may be costing more than you think. Learn how mindful spending can preserve relationships, support long-term goals, and still keep your finances in check.
Read along with the original article(s) here: https://womenwhomoney.com/frugal-or-cheap-how-to-tell-why-matters/
Quotes to ponder:
"Frugality means your spending decisions are aligned with your priorities and values, not going without or suffering because you lack things you need."
"Being cheap is being selfish with your money."
"Trying to save money can be a real challenge and there may be times where you find yourself being cheap instead of frugal."
Episode references:
BeFrugal: https://www.befrugal.com
Ibotta: https://www.ibotta.com
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Optimal Finance Daily - Financial Independence and Money Advice