2230: Frugal or Cheap: How to Tell and Why it Matters by Vicki Cook and Amy Blacklock
Optimal Finance Daily - Financial Independence and Money Advice
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Being Cheap Can Hurt You
Being cheap is defined as at minimum expense or for little cost according to Merriam Webster. Cheap products often break or wear out quickly needing quicker replacement. Buy inexpensive items like clothes or shoes that fall apart or only last a handful of wares. Being cheap might even have the opposite effects and cause you to spend more money and time in the long run.
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