A friend of mine used to brag all the time about how little he spent on everything. In fact, it was a point of honor that he spent so little money on things. Mind you, he was talking to me who rarely buys things at all. But I was always happy to hear where he got things, the prices he got them for, and why he got them.
There was only one problem. He was constantly buying new things because his old things broke so often. He’d buy cheap toasters that would break in less than a year. He’s buy cheap frying pans that started flaking in a few months. And he bought clothes that were constantly getting ruined.
The heart of the problem was that my friend was not frugal. He was cheap. And being cheap cost him A LOT of money over the years.
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Categories: Financial Freedom, Frugal Living
Tags: being_cheap, being_frugal, difference_between_being_frugal_and_being_cheap, frugal_living
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