Are You Frugal or Are You Cheap?

“Frugality is one of the most beautiful and joyful words in the English language, and yet one that we are culturally cut off from understanding and enjoying. The consumption society has made us feel that happiness lies in having things, and has failed to teach us the happiness of not having things.”-Elise Boulding

Frugality is very different than cheap! Check out the replay of a recent Periscope broadcast where I explain the difference between the two, and how you can identify which one you are.

Periscope

What impact can either of these have on your budget and overall financial plans?  This broadcast goes into detail about identifying the two and tips for using them to your advantage.
Key takeaways:
  • Frugality doesn’t have to be extreme couponing.
  • Frugality is making smart money decisions and less impulsive purchases by planning and shopping around.
  • How do you know if you’re cheap or frugal?
  • Cheap means only looking at the price, and often skipping out on necessities in an effort to not spend money.
  • How to overcome cheapness by getting more organized.
  • How to alleviate that guilty feeling aka buyer’s remorse.
  • I used to be cheap! How I identified it and overcame it.
  • Mindfulness and future planning is key.

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