Comments on: Cheap vs Frugal http://www.schaefersblog.com/cheap-vs-frugal/ A Generalist in a World of Specialists Sun, 05 Feb 2012 04:27:38 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Akshay Kapur http://www.schaefersblog.com/cheap-vs-frugal/comment-page-1/#comment-115 Akshay Kapur Mon, 28 Jan 2008 02:12:21 +0000 http://www.schaefersblog.com/cheap-vs-frugal/#comment-115 Both cheapness and frugality lead to a higher amount of savings than not being either, so in principle I don't mind cheap people because at least they're consistent in their decision making. What bothers me is blatant overspending or indecision based on an ill-planned budget. The best thing about being frugal is prioritizing. But you first have to know what you value. And that can vary widely based on your emotions, the company you keep, and the # of credit cards you have. We buy too much of what we don't need, and sometimes just enough to keep up with our friends. Personalizing finance takes the most effort... Both cheapness and frugality lead to a higher amount of savings than not being either, so in principle I don’t mind cheap people because at least they’re consistent in their decision making.

What bothers me is blatant overspending or indecision based on an ill-planned budget. The best thing about being frugal is prioritizing. But you first have to know what you value. And that can vary widely based on your emotions, the company you keep, and the # of credit cards you have. We buy too much of what we don’t need, and sometimes just enough to keep up with our friends. Personalizing finance takes the most effort…

]]> By: Oz http://www.schaefersblog.com/cheap-vs-frugal/comment-page-1/#comment-108 Oz Fri, 25 Jan 2008 23:21:35 +0000 http://www.schaefersblog.com/cheap-vs-frugal/#comment-108 Great points. There is definitely a huge difference between the two, but I think the word "frugal" has unfairly taken on a lot of the characteristics of the word "cheap." I think value and making each dollar have the largest impact is a lot more important then just saving money by being cheap. Great points. There is definitely a huge difference between the two, but I think the word “frugal” has unfairly taken on a lot of the characteristics of the word “cheap.” I think value and making each dollar have the largest impact is a lot more important then just saving money by being cheap.

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