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
00:00
How to Be More Frugal in Your Life
Being cheap is rooted in a scarcity mindset and being frugal is rooted in an abundance mindset. Frugality for me is about resourcefulness and creativity in getting your needs met. Saving money matters but your approach does too. If you're worried you won't recognize it, your gut will probably let you know if you're being cheap. Remember that penny pinching and cutting corners can be detrimental to not only you but others as well.
Play episode from 04:56
Transcript
